COSME: ASSISTANCE FOR BUSINESSES
Are you an existing entrepreneur, future entrepreneur or a national, regional authority?
If you are, then you may be eligible to receive financial assistance under COSME which is the EU programme for the Competitiveness of Enterprises and SMEs. The aim of COSME is to allow SMEs to realize their full potential in today’s global economy.
COSME cam help you with the following:
Whatever phase of your business lifecycle – creation, expansion, or business transfer – COSME will help you have easier access to guarantees, loans and equity capital.
COSME helps businesses access EU markets and beyond. You can find business and technology partners; get practical information on doing business within Europe as well as seek financing for IPR (intellectual property rights).
COSME supports businesses to be competitive and encourages the adoption of new business models and innovative practices
Assistance to access opportunities offered by digital technologies may be found as well as general entrepreneurship education, mentoring, guidance and other support services.
If you’d like to find out how we can help you get your hands on any of the above assistance, email us on info@ewropa.mt
TRAINING FUNDS
The Investing in Skills Scheme finances the training of persons actively participating in the Maltese labour market, with the aim to increase productivity and enhance adaptability.
With a budget of €5 million available until 30th June 2023, this scheme falls under Malta’s Operational Programme II of the European Social Fund – ‘Investing in human capital to create more opportunities and promote the well-being of society’ for the 2014-2020 programming period.
All Employers having an economic activity including partnerships, companies, family businesses, associations, individual self-employed or other body of persons, NGOs and Social Partners.
NGOs and Social Partners not having an economic activity are also eligible to benefit from the scheme.
One of the requirements to apply for this aid is the so-called ‘Incentive Effect’ which must be justified in the application.
Training must be voluntary training as opposed to legally enforced training.
Information Sessions and Team Building events are not eligible as training for the purposes of this aid scheme.
Apprentices or students engaged in vocational training with an apprenticeship or vocational training contract are not eligible
It is also important that you apply for the aid before you start any work on the project or activity.
The above, plus other aspects specified in the applicable Implementation and Guidance Notes, must be carefully reflected in your application, which must be submitted within the relevant time period together with complete documentation.
Should you have any training planned for your employees and want to know if this training is eligible for aid, contact us on info@ewropa.mt