Money - Euro

The European Commission has disbursed €52.3 million in grants to Malta after having fulfilled 16 milestones and three targets. The funds are expected to cover the adoption of a waste reduction strategy through recycling in the construction industry, enable remote work for civil servants and boost industrial research and investment.

The funds are also meant to cover the implementation of a national anti-fraud and corruption strategy, and digitalisation of the justice system.

The decision follows the EU Commission’s preliminary approval for the funds in January 2023.

In total, Malta has gained access to €93.43 million in grants out of the €316 million it has been allocated under the Recovery and Resilience Facility (RRF), almost 30 per cent.

The RRF is a performance-based recovery fund created at the European level to mitigate the economic and social impact of COVID-19 whilst also accelerating economic transformation.

RRF Malta
Recovery and Resilience Scoreboard of Malta, by the EU Commission

In Malta’s case, the majority of funds are expected to contribute towards a green economic transition, with policies for the next generation expected to receive the least amount of funding.

The Minister for the Economy, EU Funds and Lands, Silvio Schembri, said, “the €52.3 million from the RRF, which has been passed on to our country, will continue to be used to make a difference in the daily lives of the people, while at the same time ensuring a more resilient economy.”

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