News

Rent Subsidy Scheme

Deloitte Malta Gi3 Alert

16 April 2024

Malta Enterprise has re-launched the Rent Subsidy Scheme, (hereinafter “the Scheme”), intended to support undertakings engaged in industrial activities, that require industrial space in order to start a new business, expand operations, optimise supply chains, or diversify processes.

Applications under the Scheme may be submitted by 31 October 2030.

Eligible undertakings and aid intensity

Eligible undertakings satisfying a number of criteria, including the requirement that they employ less than 250 employees on a full time basis, may receive a subsidy in relation to the rental costs of an eligible business premises, required in order to carry out one or more of the following qualifying activities:

a) Manufacturing activities;
b) Artisanal activities;
c) Industrial packaging activities;
d) Maintenance and repairs of motor vehicles;
e) Repair of machinery and electrical equipment; or
f) Warehousing and logistics activities incidental to the above.

The subsidy, which may be claimed as a cash grant and/or tax credits with a validity of 5 years, shall cover 50% of the rental costs up to a maximum subsidy of €50,000 per year, for the first 3 years of an eligible new rental agreement. The capping is subject to an overall capping for de minimis assistance of €300,000 over a rolling period of three consecutive fiscal years for a single undertaking.

In addition, the Scheme may support new rentals for premises required for short-term storage of goods, in order to mitigate supply fluctuations and other market disruptions. Such support would be limited to a maximum period of 1 year.

How can we help?

Deloitte Malta is able to assist in answering your queries, so please do not hesitate to reach out to us for any further guidance you may require.

In addition, Deloitte Malta is able to assist with the preparation of the required applications and any supporting documentation, as well as document submission and any required follow-ups.

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