- Posted by: Press Office
- Category: Fund consulting
Malta Business Agency is offering advice and support to companies that are interested in participating in a new call promoted by the Maltese Government to support the development of new skills among Maltese workers.
Businesses and professionals can take the opportunity to obtain this funding through courses organised in collaboration with the Mediterranean Academy of Culture Technology and Trade, Institute of Higher Education accredited by the “Malta for Futher & Higher Education Authority”. It is possible to choose between catalogue courses or tailor-made courses, organised ad hoc according to specific company or professional needs.
Measure: Investing in Skills (2nd call)
Reference: 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.
Purpose: The Scheme was launched to promote the training of persons actively participating in the Maltese Labour Market, with the aim to increase productivity and enhance adaptability.
Application deadline: The second call was renewed as of 8 February 2021 for an indefinite period.
Submission procedure: Applicants must submit an original and complete Investing in Skills application form together with detailed documentation. For information contact the Malta Business Agency team.
Beneficiaries: Companies investing in staff training to improve their skills and increase the quality of the Maltese labour market.
Type and extent of the contribution: Employers applying for the IIS Scheme under the 2nd Call will be eligible to receive a subsidy of €25.85 per trainee per hour in the case of training costs and €5.20 for of wage costs. The subsidy for wage costs is eligible for training that is held as Classroom Style Training and E-Learning Online Training (Live Sessions). Personnel Costs will NOT be eligible for E-Learning Online Training (Self-Led) or Distance Learning.
Eligibility: Eligible employers include partnerships, companies, family businesses, associations, individual self-employed or other body of persons, NGOs and Social Partners (whether these carry out an economic activity or otherwise).
Other requirements: Complete documentation – The Applicant shall fill in and submit the latest available Investing in Skills Application Form complete with all relevant details, enclosing supporting documentation, as applicable. Incomplete applications will not be accepted for processing. Project implemented within / for the direct benefit of the eligible territory. Incentive Effect: Aid shall be considered to have an incentive effect if the Beneficiary has submitted a written application for the aid before work on the project or activity starts. Therefore, claim and proof of deliverables should be dated after the submission date of the IIS application. Eligible Training Programme: Aid shall not be granted for training which Employers carry out to comply with National Mandatory Standards on training (in other words, it must be voluntary training as opposed to legally enforced training). Furthermore, Information Sessions and Team Building events are not eligible under Investing in Skills since these are not considered as training. The trainee needs to be formally employed with the beneficiary during the training period. Apprentices or students engaged in vocational training with an apprenticeship or vocational training contract are not eligible. Aid cannot be granted to any Undertaking found to be in difficulty. Jobsplus will conduct checks to ensure that every applicant Undertaking is financially sound Falls within the definition of undertaking.
For easy and secure financing, ask for support from the Malta Business Agency team by filling in the following form.