Factsheet for case MT-2021-18/1930 – measures in Malta
|Country||Malta , applies nationwide|
|Time period||Open ended, started on 27 April 2021|
|Type||Other initiatives or policies|
Reorientation of business activities
– Change of production/innovation
|Author||Luke Anthony Fiorini (University of Malta) and Eurofound|
|Case created||05 July 2021 (updated 14 July 2021)|
A series of measures to aid businesses impacted by COVID-19 were announced by the Prime Minister, Robert Abela, on 27 April 2021. Many of these focused on the extension of measures already in place, such as those that provide subsidies for organisations' electricity and rental bills. Amongst these measures, was a new measure termed the 'Restart Incentive Scheme 2021'. This is a two-pronged incentive that provides organisations with support to hire a business advisory as well as providing entrepreneurs with psychological support.
Whilst the measure was announced during a press conference by the Prime Minister, little information on its contents are yet to be released.
The measure appears to have two facets which will be managed by the Malta Enterprise. This first is that of providing entrepreneurs who faced serious challenges to their organisation during COVID-19 with tangible support. This primarily appears to be financial support for professional business advisory costs. The scheme will finance advisory costs up to €5,000, however these could be extended to €10,000 to support the implementation phase of the new business initiative.
Coupled with this financial support is the aim to provide psychological support to such entrepreneurs. It was therefore announced that Malta Enterprise will fund a specialised programme intended to provide psychological support to these entrepreneurs by professional experts in the field.
No information is available.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Direct consultation outside a formal body|
Social partners' role in the implementation, monitoring and assessment phase:
The involvement of social partners in the development of this specific measure is not known, however the measure was announced along with a package of measures which aimed to stimulate economic activity. In relation to the announced package of measures, a number of employer associations highlighted how they had been in regular consultation with the government and that the package of measures reflected their input. These included the Chamber for SMEs, the Malta Hotels and Restaurants Association, the Malta Chamber of Commerce, Enterprise and Industry (known as the Malta Chamber) and the Gozo Business Chamber.
Several Employer Associations commented on the package of measures of which the current measure formed part of. Comments on the package of measures were favourable and originated from: the Chamber for SMEs, the Malta Hotels and Restaurants Association, the Malta Chamber of Commerce, Enterprise and Industry (known as the Malta Chamber) and the Gozo Business Chamber.
The Malta Chamber specifically mentioned the Restart Incentive Scheme and commended both the support for advisory services as well as the concept of providing psychological support for entrepreneurs, highlighting that it; "shows commitment to safeguarding the mental well-being of entrepreneurs who are having a particularly tough time as a result of the unprecedented challenges brought about by the pandemic”.
Eurofound (2021), Restart Incentive Scheme 2021, case MT-2021-18/1930 (measures in Malta), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.