Starting a new business venture can be both exciting and challenging. The Start-Up Finance scheme has been designed to support entrepreneurs in this journey and offer crucial financial assistance to start-ups with feasible business concepts. Its goal is to help grow sustainable business ventures while ensuring they have the financial backing to turn ideas into reality.
Who Can Apply?
The Start-Up Finance scheme is available to small start-ups demonstrating sustainable growth potential. Whether your business is in its early stages or you’re planning to launch a new venture, this scheme provides an opportunity to secure funding and take your start-up to the next level.
Type of Assistance
Eligible start-ups can benefit from a repayable loan, with amounts varying based on the innovative nature of the business and its location:
– Non-Innovative Start-Ups: Up to €500,000.
– Innovative Start-Ups: Up to €1,000,000.
If the start-up operates within an assisted area, these limits increase:
– Non-Innovative Start-Ups in Assisted Areas: Up to €750,000.
– Innovative Start-Ups in Assisted Areas: Up to €1,500,000.
What Costs Are Covered?
The Start-Up Finance scheme covers a range of costs to help businesses build a strong foundation. Eligible expenses include:
– Payroll Costs: Funds can be used to support your team’s salaries.
– Procurement of Assets: Invest in the equipment or technology your business needs to operate efficiently.
– Procurement of Materials and Technical Services: Access specialised services or materials crucial for your business.
– Establishing Operations in Malta: Costs related to setting up your operations locally are also covered.
Application Deadline
If you’re considering applying for this valuable opportunity, mark your calendars—the application deadline for Start-Up Finance is September 30, 2026.
Moving Forward
The Start-Up Finance scheme provides start-ups with the financial resources to foster innovation and growth. If you’re an aspiring entrepreneur with a strong business concept, now is the time to take action.
For guidance on eligibility and application procedures, contact our advisory team at advisory@clamalta.com. We’re here to help you navigate the process and support your start-up’s journey to success.