Business To Be Prioritised In Upcoming EU Budget 2021-2027

20th March 2019

Parliamentary Secretary Aaron Farrugia said that Government’s pro-business approach is supporting entrepreneurship through a holistic plan which is being implemented with the help of European funds.

Businesses and enterprises will be prioritised in the upcoming EU budget 2021-2027, which is currently being negotiated by Government, according to Parliamentary Secretary for European Funds and Social Dialogue Aaron Farrugia.

During a visit to the crafts village in Ta’ Qali, which is currently undergoing renovation works to the tune of €13 million, Mr Farrugia said that Government’s pro-business approach is supporting entrepreneurship through a holistic plan which is being implemented with the help of European funds.

He said that infrastructural works financed through the European Fund for Regional Development were currently also ongoing at the Xewkija Industrial Estate in Gozo. 

Mr Farrugia explained that over €30 million in EU funds is being directed towards tangible aid to businesses, particularly SMEs and start-ups. Apart from this, the European Social Fund is investing in skills for the Maltese workforce, thereby preparing it for current and future industries, as well as schemes which are generating more jobs, and offering favourable loans and guarantees.

He stated that “this holistic plan is supporting Government in sustaining and consolidating the economic growth which the country has achieved in recent years.”


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