The aim of the incentive is to assist undertakings to analyse the possible effects of Brexit on their business and to develop business strategies to mitigate the impact of Brexit and maximise business opportunity that Brexit might create. The measure is available to duly registered SMEs carrying out an econimic activity in Malta and that at application stage employ at least two (2) persons. The aid shall be granted in the form of a cash grant covering 50% of the consultancy services provided by external consultants. Such a grant shall not exceed €5,000.
The undertaking is required to justify significant dependency on the British Market in terms of Import and/or Export. A significant dependency shall be considered if for the last two (2) years, 20% of the undertakings turnover was dependant on transactions related to the British market.