The Malta Enterprise Corporation (MEC) yesterday announced three new enterprise schemes to support small-and medium-sized enterprises (SMEs).
The schemes, announced by Foreign and Investment Promotion Minister John Dalli, are designed to help SMEs, particularly those capable of expanding their product range or improving their products.
The three schemes, aimed at the food processing sector, are designed to help small manufacturers to comply with EU health and safety regulations and to help tenants at Ta' Qali Crafts Village to purchase new workshops. They will cost Malta Enterprise around Lm654,000.
The MEC will also be providing Lm1.2 million in guarantees to facilitate loans.
The parliamentary secretary for SMEs and the self-employed, Edwin Vassallo, said the schemes being offered formed part of a package of other schemes planned to back up business by Malta Enterprise.
