The scheme will assist operators in the construction industry to scrap and replace old machinery and/or equipment with new machinery and/or equipment that generates less environmentally harmful emissions and to invest in new equipment that has the sole purpose of reducing the environmentally harmful emissions released by the activity. The scheme will help operators in the industry to replace ageing machinery and/or equipment which is still in operation with new modern machinery and /or equipment which is more efficient and has a lower impact on the environment. Financial assistance will be awarded to eligible underakings in the form of a cash grant.
The Corporation will be accepting applications as from the 1st December 2020 until 31st May 2021.
The Incentive Guidelines and Application Form will be made available in the coming weeks. Details on the scheme can be viewed on Covid-19 Support Measures.