Investing in skills

Name of the instrument - Local language: Investing in skills
Name of the instrument - English translation: Investing in skills
Scheme ID: 310
Country: Malta
Reporting year: 2020
Type of instrument: Grant for companies
Sub-type of instrument: Support for direct costs and wage costs
Type of entry: Single instrument

Short description: Employers having an economic activity in Malta irrespective of their legal form receive co-funding for all type of training activities with the notable exception of compulsory training. Large, medium, small and micro companies may benefit from up to 50%, 60% or 70% of their training fees as well as receive an additional subsidy on employee wages. There is no limitation for reuse.
Short description of the related instruments: Not applicable

Level of operation

National

Name of a part of the country

Not applicable

Name of the region (for regional instruments)

Not applicable

Name of the sector (for sectoral instruments)

Not applicable

Relevance

Key instrument

Objective(s) and target(s)

To promote access to the training of persons actively participating in the Maltese labour market, with a view to increasing productivity and enhancing adaptability.

Year of implementation

2017

Year of termination

2023

Operation/management

The scheme is implemented by the PES

Eligible group(s)

Eligible applicants cover all employers having an economic activity irrespective of their legal form. These include partnerships, companies, family businesses, associations, individual self-employed or other body of persons, NGOs and Social Partners.

Group(s) with preferential treatment

The size of an undertaking determines the level of assistance which is established by staff headcount and financial thresholds: large entities receive 50%, medium entities 60% and (M)SMEs 70%.

Education and training eligible

Support is provided for practically all training activities with the notable exception of compulsory training according to the health and safety regulations and information sessions and team building events not considered as forms of (non-formal) training.

Source of financing and collection mechanism

ESF and national budget

Financing formula and allocation mechanisms

The co-financing rate will be applied on the total eligible cost. The size of an undertaking determines the level of assistance which is established by staff headcount and financial thresholds: large entities receive 50%, medium entities 60% and (M)SMEs 70% (as defined by the EC: https://ec.europa.eu/growth/smes/business-friendly-environment/sme-defi…)

Eligible costs