Eligible applicants for The Access to Employment and Investing in Skills Schemes include all employers (irrespective of their legal form), as well as NGOs and Social Partners that do not have economic activity.
The Access to Employment Scheme
The Access to Employment (A2E) Scheme provides employment aid to enterprises to promote the recruitment of job seekers and inactive persons. A re-designed scheme has been launched on the 1st of January including the list of eligible target groups. The A2E Scheme allows employers to offer jobs without having to worry about the usual risks attached to it. Thus, this EU-funded project is ideal for employers who would like to recruit new people under financial restrains, particularly those affected by the COVID-19 pandemic.
Employers can benefit from this scheme even if an individual has already been employed, as long as the application is submitted within one month from the employment. Jobsplus will subsidise the salary for a number of months, allowing employers to try out possible team members without any risk.
If you run a business and recruit new team members, you can benefit from a subsidy of €104.50 per week and per new employee for up to 52 weeks. The subsidy ranges from 104 to 156 weeks depending on the target group.
The Investing in Skills Scheme
The Investing in Skills (IIS) Scheme promotes the training of persons that are actively participating in the Maltese Labour Market aiming to increase productivity and adaptability. Employers are eligible for €28.85 per hour of training for each employee, and €5.20 per hour to cover wage costs. Shall the training be abroad or the trainer needs to travel to Malta, air-travel costs are also taken into account.
The training can be both non-accredited or accredited by the Malta Further and Higher Education Authority, ITS, UoM, and MCAST. Local and overseas training courses within such institutions are accepted. The aid offered depends on the size of the business, as the scheme caters to both micro entities and big players.
One can choose for the employees to attend either in real life, training overseas, or from office/personal home. Lastly, trainees can be both European and third-country nationals.
Speak to us
Grant Thornton can provide you with support on the preparation of the documentation necessary to access the schemes. Contact now one of our experts for more information.