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Programmes for export launched

Minister for the Economy, Investment and Small Business Chris Cardona and Malta Enterprise chairman Mario Vella launching the new programmes for export assistance

Malta Enterprise has launched two new programmes for export. These programmes will yield 485,000 euro of assistance to industry to export locally manufactured products. The programmes cater for industries that are new to export as well as to those that wish to expand their current export market.

The Go Global Programme focuses on companies whose export revenue is less than 20%. It includes a free assessment of export readiness, an export management master class and financial assistance to conduct market research as well as support to undertake export promotion initiatives.

The Global Growth Competition is a competition through which 12 Market Development Plans will be selected. The companies behind such plans will receive assistance to implement such plans over a three year period at a co-funding rate of 50%. Subject to certain conditions, the maximum grant value can be of 80,000 euro over three years.

These programmes are being supported by HSBC Bank Malta through the Malta Trade for Growth Fund – an initiative that supports Maltese businesses to thrive and the local economy to prosper. Through this Fund, businesses are eligible for a discount in pricing if they switch from a traditional overdraft to a structured trade finance product such as Export Loans or Invoice Finance.

For more information, view www.maltaenterprise.com/export