18 November, 2020

Malta gains access to €120m under EU’s SURE Programme aimed at assisting companies to retain workers


Malta has gained access to €120 million under the European Commission’s SURE Programme aimed at helping companies to retain employees during the COVID-19 pandemic.

The announcement was made by European Commission president Ursula von der Leyen on Monday evening in an interview released by Malta’s representation to the EU and TVM.

The SURE Programme, called the temporary Support to mitigate Unemployment Risks in an Emergency in full, is available to Member States that need to mobilise significant financial means to fight the negative economic and social consequences of the COVID-19 outbreak on their soil. The allocation for Malta is €244 million.

.@EU_Commission President @vonderleyen has great news for #Malta 🇲🇹🎉! As from tomorrow, Malta will have access to the first 120 million Euro under the #SURE Programme, to make sure companies retain their employees during these hard times!

Watch the interview w/ @demicolikeith pic.twitter.com/sDmaozG7a9

Loans provided to Member States under the SURE instrument are underpinned by a system of voluntary guarantees from Member States. Each Member State’s contribution to the overall amount of the guarantee corresponds to its relative share in the total gross national income (GNI) of the European Union, based on the 2020 EU budget.

All News

View All

12 June, 2024

Malta Business Bureau Congratulates Newly Elected MEPs...

...

Learn More
24 May, 2024

Only 36% of local family businesses base their decisions on research a...

...

Learn More
11 May, 2024

The Malta Chamber acknowledges Deputy Prime Minister Chris Fearne's Re...

...

Learn More
08 May, 2024

Employer Bodies Call for an Urgent MCESD Meeting...

...

Learn More

All News

View All

Chamber News

12 June, 2024

Malta Business Bureau Congratulates Newly Elected MEPs...

...

Learn More

Chamber News

28 May, 2024

Business session on labour & skills shortages highlights importanc...

...

Learn More

Chamber News

24 May, 2024

Only 36% of local family businesses base their decisions on research a...

...

Learn More

Chamber News

11 May, 2024

The Malta Chamber acknowledges Deputy Prime Minister Chris Fearne's Re...

...

Learn More

upcoming events

View All

Upcoming Events

19 June, 2024

Launch of The EU Business Hub - Japan and the Republic of Korea

...

Learn More

Upcoming Events

25 June, 2024

Secure your Green Future - Funding Opportunities for Sustainable Initiatives

...

Learn More

Upcoming Events

27 June, 2024

Empowerpreneur Workshop 3 - Achieving the Dream through the Team

...

Learn More

Upcoming Events

04 July, 2024

Virtual Q&A with Jobsplus (Session 1)

...

Learn More

upcoming events

View All

19 Jun
upcoming event 19 June, 2024, 10:00 AM

Launch of The EU Business Hub - Japan and the Republic of Korea

Learn More
25 Jun
upcoming event 25 June, 2024, 10:00 AM

Secure your Green Future - Funding Opportunities for Sustainable Initiatives

Learn More
27 Jun
upcoming event 27 June, 2024, 06:00 PM

Empowerpreneur Workshop 3 - Achieving the Dream through the Team

Learn More
04 Jul
upcoming event 04 July, 2024, 08:15 AM

Virtual Q&A with Jobsplus (Session 1)

Learn More
09 Jul
upcoming event 09 July, 2024, 08:15 AM

Virtual Q&A with Jobsplus (Session 2)

Learn More