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Investing in Skills Scheme

Investing in Skills SchemeThe Training Costs of the Malta Business School’s short courses and the Trainee Wage Costs can be subsidised up to 70% through the Investing in Skills Scheme.

An allocation of €8 million has been made available for a new initiative to promote training activities held between 19th April 2017 and 30th June 2020.

The aim of the programme is to promote the training of persons actively participating in the Maltese Labour Market to increase productivity and enhance adaptability.
Applications must be received by the Investing in Skills Unit at least three weeks (twenty one calendar days) before the commencement date of training.

Aid Intensity

The following co-financing rate will be applied on the total eligible costs:

Undertaking Size Aid Intensity
Large Number of employees exceeds 250    50%
Medium Number of employees not exceeding 250 persons and Annual Turnover not exceeding €50m and/or Annual Balance Sheet Total not exceeding €43m    60%
Small Number of employees fewer than 50 persons and Annual Turnover and/or Annual Balance Sheet Total not exceeding €10m    70%
Micro Number of employees less than 10 persons and Annual Balance Sheet total not exceeding € 2m    70%

For more information on the ‘Investing in Skills Scheme’ scheme you can contact us on 21311326 or by email on sales@mbs.edu.mt. You can also visit the official site at www.jobsplus.gov.mt from here.