Malta Enterprise Incentives for the Hospitality Industry

Hotels, Restaurants, Guest Houses, Farmhouses and Snack Bars – GRTU is pleased to invite you on Tuesday 16^th October at 13.30 to a meeting dedicated to the incentives Malta Enterprise has to offer specifically for the hospitality sector. Amongst which:

Business Advisory Services

The business advisory scheme is designed to provide business undertakings with advisory services that suit their specific circumstances. Business advisory services are provided with the aim to support undertakings identify strengths and overcome weaknesses in specific areas. A range of business advisors services are available and every effort is made to match the right advisor to the specific needs of the applicant. 

Micro Invest

Supports for micro enterprises and the self-employed to innovate, expand, and/or develop their operations. They are supported through a tax credit representing a percentage of the eligible expenditure and wages of newly recruited employees and/or apprentices.

Quality +

Quality+ encourages Small and Medium-Sized Enterprises (SMEs) to continuously develop and improve the quality of their products, services and processes. To achieve recognised quality certifications and quality marks related to processes, products or services; environmental certifications; etc…

Energy Efficiency Measures

The promotion of environmental sustainability and pro-environmental business models has become a priority in today's ‘green' conscious society. Thus investments in energy saving solutions and renewable energy sources are no longer a commodity but a necessity. These investments will help hospitality businesses reduce their dependency on fossil fuels, reduce costs and attract more environmentally conscious customers. Enterprises in this sector can achieve significant savings through the support available on these investments, which can be redirected to investing in developing new markets, products, services and other core business requirements.

Interest rate Subsidy Scheme

Interest Rate Subsidy Scheme to support hotels, restaurants and holiday accommodation providers in upgrading their operations and product offering so as to provide new and improved services. Approved projects may receive an interest rate subsidy of between 1% and 3% which may be granted on interest payable to a bank during the first five years of a loan period. The subsidy may cover loans required for furbishing and upgrading of premises including extensions, modifications and extensions to premises; and the acquisition of plant, machinery, apparatus and instruments.

The intent of the session is to provide you with all the information in order to be able to take advantage of these schemes and incentives.

Date: 16th October                            

Time: 13.30-15.30

Venue: GRTU, Exchange Building, Republic Street, Valletta

Registration with Abigail Mamo on or 21232881 is required due to seating restrictions