Family Business Grant

Who is eligible for this scheme?

This scheme is available for Family Businesses which are registered as such with the Family Business Office. They must not have outstanding dues exceeding €1,000 in VAT, Income Tax, or Social Security (unless under a repayment agreement).

What costs are eligible under this scheme?

Advisory Services

Family Businesses may request support for accessing advisory services to establish a succession plan for the business. The advisory services must address aspects of a succession plan and hence an advisory team must be led by an accountant, a public notary or a lawyer.

• 50% of costs covered, up to €2,500 per project.
• Advisors must be approved by the Family Business office and independent

Mediation Services 

Whilst preparing for business succession, owners of Family Businesses may encounter challenges that need to be resolved to ensure continuity and possible succession. To address these challenges, Malta Enterprise in collaboration with the Family business office, shall provide a grant to support Family Businesses access mediation services.

• Up to €100/hour, capped at 25 hours per approval
• Mediator shall be appointed with the approval of the Family Business Office

Services must be new, completed within 12 months, and not part of regular business operations.

How is assistance granted? 

• Assistance is awarded in the form of a grant , The maximum support that can be awarded under these Guidelines is capped at €20,000 per Family Business over any rolling 3 year period. An application process needs to be followed. Applications will be considered on a case-by-case basis and the level of funding will be determined following an assessment carried out by the Family Business Office.

• Support through this incentive should only be requested from Malta Enterprise after the undertaking has been in contact with the Family Business Office and following agreement on the applicable measures to support the business in planning for succession or in resorting to mediation for the purposes of eventually establishing a robust succession plan.

• The provision of the advisory and/or mediation services may commence following the endorsement of the Family Business Office, yet:
  •  The request for support must be submitted within  2 months of the signing of the agreement between the advisory provider and/or mentor;
  •  The Applicant should be aware that should the application be declined, any cost incurred would not be supported.