ARTICLE · 06 JULY 2020

Investment Aid For COVID Products

KPMG Malta

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Malta Enterprise has launched a scheme entitled ‘Investment Aid for COVID Products'. The aid supports undertakings to carry out investment projects to increase or initiate production of COVID-19

MaltaCoronavirus (COVID-19)

KPMG Malta

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Malta Enterprise has launched a scheme entitled 'Investment Aid for COVID Products'. The aid supports undertakings to carry out investment projects to increase or initiate production of COVID-19 relevant products or to diversify existing production to be able to produce such products.

The aid is mainly in the form of cash grant not exceeding 80% of the eligible costs related to COVID-19 related products that are completed within 6 months from the start of works. Eligible costs must be incurred after 1 February 2020 and must fall within the following categories:

Tangible and intangible assets procured to develop, manufacture and provide COVID-19 relevant products.
Wage costs of personnel engaged to design and develop tools, processes and solutions for the production and manufacturing of COVID-19 relevant products.

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