The Malta Chamber of SMEs have welcomed today’s announced schemes, saying that they will provide much needed assistance for businesses to start the gradual recovery from a stronger position.

In a statement, it reiterated the PM’s words that, “the Covid support schemes were crucial for the survival of businesses yet nothing can replace the actual return to work and business generation and that is what businesses want and need.”

“The schemes announced today are the result of intense consultations and numerous meetings with different sectors to assess the Covid impact and their specific needs,” the Chamber said.

The proposals previously presented by the SME Chamber, which it said, “have materialised today” are:

– extending the rent support scheme

– extending the electricity support scheme

– direct cash injection for businesses affected by extended closures

– opening business re-engineering and transformation scheme to include self-employed and micro enterprises (previously ineligible)

– guided investment schemes with aggressive aid packages

– policy direction for new economic niches

It is essential for businesses to “take an inward look” and the SME Chamber said that it will assist members to make sure they benefit to the maximum to strengthen their resilient and become future proof.

It is now essential that the positive health condition is preserved and caution continues through the gradual recovery, the Chamber said.

The SME Chamber called on all businesses and society in general “not to let the guard down because business and employment depend on good health results.”

The SME Chamber concluded by saying that it will continue actively supporting these sectors with its work.

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