Malta Enterprise’s MicroInvest scheme has been extended to businesses investing in modifying existing computer systems and websites to increase accessibility for clients with different abilities. These enterprises are now eligible for a tax credit equivalent to 45 per cent of eligible expenditure with an additional 20 per cent for Gozo-based operations.
The modifications to the scheme were announced by Enterprise Minister Miriam Dalli and Parliamentary Secretary for Youth, Research, and Innovation Keith Azzopardi Tanti during a visit to the Foundation for IT Accessibility (FITA).
The MicroInvest scheme encourages enterprises to invest in their businesses by supporting investments in innovation, expansions, and operational developments. In 2021 alone, Malta Enterprise received 3,852 applications against an estimated investment of over €35 million.
“We are committed to supporting enterprises that invest in their ESG credentials – one of which revolves around the social aspect. Enhancing accessibility is one such element, and extending the MicroInvest scheme is another tool that supports enterprises in this transition,” said Minister Miriam Dalli.
The Minister also encouraged businesses to benefit from a second scheme managed by Malta Enterprise, facilitating work life for individuals with disability, which supports companies that invest in employees with disabilities. This scheme is awarded in the form of a cash grant and covers 90 per cent of incurred eligible costs, up to a maximum €10,000 for every project.
Parliamentary Secretary Keith Azzopardi Tanti explained that FITA is expanding its work so that vulnerable people can have a holistic inclusion within the community and live a normal life. “This is the social justice that the Government wants to implement in our country.”
The total number of firms that registered over €100,000 in profit in 2022 amounted to 5,044
Works are expected to start in the coming weeks
‘If I had no money, I would be happy with a dry place and necessary equipment for an affordable price’