Tuesday, February 7, 2023
spot_imgspot_img
HomeFocusFundsInvesting in Skills 2.0: the new scheme

Investing in Skills 2.0: the new scheme

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 theMalta 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)

Institution: Jobsplus

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.

DISCLAIMER

This article provides general information only and does not replace professional advice in any way. It is recommended to consult a qualified professional before making any important decisions regarding financial, legal or other matters. The author and the publication are not responsible for any errors or damages caused by the use of the information contained in this article.

Caterina Passariello
Caterina Passariello
President of the Canadian Chamber in Italy, a no-profit association that aims to stenght the relationships between Canadian and Italian companies and professionals. Head of the Mediterranean Academy of Culture, Tourism and Trade Institute of Malta. Business consultant and project manager with specialization in the internationalization processes of companies. Master Degree in Management Engineering, with a Thesis about how supply-chain tracking changes with Blockchain, with particular attention to Agri-Food Supply-Chain. Interested about internationalisation, blockchain, dlt, smart contract.

1 COMMENT

Comments are closed.

We are partners ofspot_img
spot_img
spot_img

Related articles

LIFE FOSTER published the results of the project to prevent food waste

The Institute of Tourism and the Malta Business Bureau of Malta involved in the life foster project to reduce the percentage of food waste in the catering sector.

New call for a European network to support Ukrainian startups

The call "Pan-European network of startup associations to support the integration of Ukrainian tech innovators into European ecosystems and to enhance their operations in...

DIGITbrain: the call for innovative manufacturing

H2020 DIGITbrain project, funded by EC, includes Financial Support to Third Parties (FSTP) under two Open Calls. DIGITbrain has the ambition to transform the...

Funding focus
Discover the news in the dedicated section