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ERDF 134: ERDF International Competitiveness Grant Scheme

Project Cost: €1,671,985
Beneficiary: Malta Enterprise
Line Ministry: Ministry for the Economy, Investment and Small Business
Start Date: 2008
End Date: 2015

Non Technical Short Summary Of Project

To assist enterprises expand into new international markets by providing assistance aimed at encouraging enterprises in participating and organising international promotional events, investing in Market Development activities and engaging a Business Development Manager. This scheme will thus help enterprises in breaking through the obstacles brought about by Malta's geographical and economic insularity.

Operational Programme: OPI Investing in Competitiveness for a Better Quality of Life ERDF
Fund: European Regional Development Fund
Operational Objective: To support the re-structuring process of local industry (including crafts) and its move towards a competitive knowledge economy and promote entrepreneurship;
Priority Axis: PA1 Enhancing Knowledge and Innovation
Focus Area Of Intervention: OPIPA1 Aid Schemes to the Manufacturing and Service Industries

Project Objectives

The aid schemes to the manufacturing industry and related services - international competitiveness will assist Maltese enterprise in tapping into new market opportunities. In practice, this will take place by providing a Grant that will help enterprises deal with costs faced when trying to break into the international market, such as translation services, consultancy services related to the development and creation of a brand, consultancy related to the acquisition of quality certifications required in the target market, costs for localised marketing material (brochures and leaflets) and electronic content (websites and CD-ROMs), participation in/organisation of promotional events and the engagement of Business Development manager.

Project Results

The aid schemes to the manufacturing industry and related services run by Malta Enterprise will assist a total of 50 enterprises. The corresponding output and result indicators are as follows: Output indicators - 50 enterprises will be assisted under the International Competitiveness Grant Scheme. They will be assisted in building a capacity to compete in different markets through the provision of consultancy services, a business development manager and the participation in international events. This concerted effort through a defined project will allow the enterprises effectively tap into new market thereby increase its sales and turn over and in the process increase employment; Result indicators - 35 SMEs will tap into market opportunities. The expansion of local businesses into low international markets will strengthen the Maltese industries competitive advantage and increase employment through the increase n sales to new markets. Furthermore enterprises present in different markets are less dependent on regional market deficiencies and can exploit better inter regional cooperation opportunities. This in turn will make these enterprises more resilient to competitive pressures strengthening the competitive advantage of the Maltese economy. To ensure that the above objectives are achieved of the potential applicants will be guided through info sessions to design a project in line with the information session the evaluation criteria of each scheme will assess the applicants in line with the relevant Operational Programme results and indicators.

Project Purpose

The purpose of the International Competitiveness Aid Schemes is to present various opportunities to forward - looking business and to support enterprises in having a greater capacity to compete in different markets. The direct benefit of the scheme to enterprises is that they will be less dependent on regional market deficiencies and the scheme will allow them to exploit better regional cooperation opportunities and facilitate the building of internal capacities within the enterprise so as to instigate more enterprises to internationalise.