‘Investing in Skills’ Funding scheme for corporate training now launched.
Businesses based in the Maltese islands now have the opportunity to benefit from the recently launched ‘Investing in Skills’ Funding Scheme administered by Jobsplus. The funding scheme previously titled TAF2 gave more than 2,300 individuals from 450 different enterprises in Malta a tax rebate on their corporate training. In the case of the ‘Investing in Skills’ Funding Scheme, an allocation of €8 million has been made available to promote training activities between 19th April 2017 and 30th June 2020.
Large, medium, small and micro companies may benefit from up to 50%, 60% or 70% of their training fees as well as receive an additional subsidy on employee wages for any of their preferred ICE Malta worldwide recognised study programmes by Adobe, Autodesk, Cisco, Microsoft, LPI & The Digital Marketing Institute, courses scheduled DAYTIME, PARTTIME as well as Custom Designed training commencing in April 2017.
The ‘Investing in Skills’ funding scheme will be made available up to 2020. This gives HR Leaders and Training Managers the opportunity to plan their training ahead and get a holistic understanding of the skills and certifications their company predicts it will need in the coming years.
The scheme is demand driven and grants will be provided on a first come first served basis subject to calendar year total ceilings of approximately €2 million. Therefore early registration is recommended.