Malta Enterprise has launched two additional schemes from the Regeneration Plan: The Change to Grow and the ReStart scheme, which will assist companies to adapt to a post Covid scenario as well as to stimulate economic activity.

The ‘Change to Grow‘ addresses a strategic shift in the operations of an enterprise including digitisation and improvement of business processes and implementation of quality systems.

The COVID-19 pandemic has impacted various organisations from different markets in sales revenue, customer trends thus changing the dynamics of the market. Product and logistics costs have spiked up across all territories adding further micro and macro environmental changes. Nonetheless, we must strive to take our organisation out of the storm and into green pastures again. The current situation may be turned into an opportunity to improve overall performance through the re-engineering of the business; the fine tuning of the product offering, pricing strategies, maximising operations & processes, embracing digital technology, and implementing sustainable solutions.

The Change to Grow Scheme can part-finance this strategic shift in operations which covers the digitisation of business processes and pricing analysis to renew business models and the identification of methods to achieve competitive advantage in an ever-changing environment.

Scope is one of the recommended consultants by Malta Enterprise. We support businesses to kick-start the transformation process that leads to sustainable growth and optimised performance using the best cloud-based technologies and practices.

At Scope, we focus on delivering the simplest and smartest strategic fit for your business needs. Cloud solutions will give you the efficient speed your business needs to scale up such as;

• Flexibility in the way data is shared, stored accessed,
• Scalability that expands with your business model and can take rapid changes,
•  Ability to combine and connect your operations.

Find your Industry and discover how Scope can help.

Who is eligible?

Applicants must be self-employed, or a micro, small or medium-sized enterprise having at least one full-time employee (full-time self-employed persons are considered to meet this criterion).

How much is the grant?

Up to €5,000 may be awarded for Advisory Services and up to an additional €5,000 may be awarded to implement recommendations pursuant from the Advisory stage. Therefore, eligible undertakings may benefit from a maximum grant of €10,000, disbursed as a reimbursement of 75% of eligible costs incurred.

Eligible investment costs in tangible assets include procurement of off-the-shelf software solutions (including new licenses), new subscriptions to Software As A Service (SaaS) solutions and others.

Applications are open until Monday 31st October 2022.

Contact us and discover how we can help you transform your operations to navigate growth.