S.L. 463.54 Art. 3Aid for the development of training programs.

(1) When the Corporation is satisfied that an undertaking carrying out or intending to carry out an economic activity that may contribute to the economic development of Malta, requires aid to increase the skills and knowledge of its employees in relation to the requirements of their employment through training, the Corporation may provide such an undertaking with a tax credit or a cash grant or a combination of both, in accordance with the terms and conditions set out in the Guidelines.

(2) The Corporation shall in principle only consider awarding cash grants:

(a) to undertakings engaged in manufacturing and maintenance, repair and overhaul of electromechanical equipment; or

(b) to support training initiatives related to investment projects that result in the creation of a new establishment, significant expansion of the current activities of an establishment or the diversification of an establishment into products or services not provided previously by the undertaking.