Abstract
Scheme assists Voluntary Sector Organizations or Private Business entities in restoring and upgrading their venue facilities to bolster their capacity for hosting high-quality MICE activities. Under this scheme, aid is provided in the form of a financial reimbursement covering 50% of eligible expenses incurred, with a ceiling set at EUR 50,000.
Description
The Beneficiary, in this case, either an entity considered as a Voluntary Sector Organization or a Private Business entity, that undertakes a project to restore and upgrade their venue facilities to enhance their capabilities of hosting qualitative MICE activities, shall be entitled to financial grants subject to meeting the criteria set by terms and conditions of the scheme. The objectives of this scheme are twofold. Firstly, to enhance Gozo’s competitiveness in attracting MICE events both on a local and international level. Secondly, to support those that have the capacity or potential capacity to invest in their infrastructural capabilities and ancillary technological equipment/materials.
Beneficiaries
Beneficiaries under this scheme represent Voluntary Organisations or Private Business entities benefitting from the incentives provided by this scheme when applying structural works to the venue owned and purchase of equipment, subject to the project activities being implemented in line with the terms and conditions of the Grant Agreement signed and the scheme’s guidance notes.
Support Rates
Financial Assistance granted under this scheme represents a reimbursement of 50% of eligible expenditure, up to a maximum ceiling of €50,000.
For projects yet to be initiated, beneficiaries can avail from a pre-financing component capped at 25% of contracted costs, for contracted works having a minimum contract value of €8,000 and €15,000 for Voluntary Organisations and Private Business Entities respectively.
Link: https://mgozservices.gov.mt/eforms/frontEnd/?form=restoring_upgrading_venue_mice_2024