We facilitate access to €50,000 investment grant scheme.
Sustainable development is today at the heart of the European Green Deal, a strategy that Malta is embracing. Digital and sustainable business practices are the key drivers for growth with the aim of helping businesses adopt and implement greener economic activity.
iMovo and EMCS Ltd have once again teamed up to help you gain access to funds which could make a real difference to the future of your business, through The Smart and Sustainable Investment Grants scheme. The scheme covers 50% of your expenditure translating into a maximum grant of €50,000, which can be topped up by a maximum tax credit of €20,000 in specific cases.
This financial support will facilitate the dual transition to more digital and environmentally sustainable business practices, offering businesses the opportunity to enhance their competitiveness and improve sustainability of economic activity. Businesses can benefit from the scheme when investing in more sustainable and digitised process with the aim to adopt cleaner business practices in line with the European Green Deal.
Eligible projects include investments and modifications in plant, machinery, equipment, specialised technical support and investments in digital technologies. Here’s a brief outline of eligible investments to help you focus and identify projects:
a) Waste Minimisation
Introducing new industrial solutions or strategic modifications to existing plant and machinery to reduce waste generated during the production process, e.g. reducing packaging and increasing the lifespan of products.
b) Sustainable materials
Run a pilot project or test before shifting to the use of more sustainable and/ or ecologically friendly material. The scheme may also be applied to a change in materials used during the production process and/or also changes to materials used in products so as to ensure better recovery of material at the product’s end of life.
The results of such investments could:
- Improve the life span or cycles of product
- Help in shifting to biodegradable packaging
- Support the reduction or elimination of toxic material by replacing them with non-toxic lubricants, dyes, etc.
Supported projects could also include changes to the value chain to ensure the use of materials from ‘green’ sources, verified through certification.
c) Energy Efficiency
An investment to reduce the power required to run machinery and lighting, improve insulation of buildings, cogeneration of heat and power and geo-thermal installations.
d) Water Efficiency
Improve water usage could require an investment in closed-cycle water systems and store run-off rainwater.
e) Sustainable Digitalisation
- Adopt digital solutions to enhance your business’ environmental performance:Increase process efficiency through IoT (smart HVAC, system monitoring etc)
- Solutions to establish enhance (optimise) logistics, including partnering with other firms, resulting in reduction of carbon emissions
- The installation of building management systems to optimise heat, light and power usage.
- Industry 4.0 solutions leading to higher automation and rapid customer focused customisations.
These are just a few of the projects your company may be implementing in the near future, to comply with the standards set by the European Green Deal.
Get in touch with our experts to receive specialized support to access the schemes. Our professionals will assist you with the preparation of all the necessary documents and will be with you up to the final submission of the application.