“Investing in Skills” is a scheme co-financed through the European Social Fund (ESF), the Maltese Government and the Beneficiary. Through this scheme, employers have the opportunity to get back a significant percentage of the costs that would have been incurred in any employee’s professional development via training. The ‘Investing in Skills’ scheme was launched to promote the training of persons actively participating in the Maltese Labour Market, with the aim to increase productivity and enhance adaptability.
All training aid is capped to 8 hours per day to a maximum of 40 hours per week with a maximum of 15 trainees for the same training allowed to be part of this scheme.
Reimbursement is calculated on the hours listed on certified attendance sheets, when using the standard scale of €25.70c per trainee per hour of the course. If the course happens during working hours, the scheme provides an additional standard scale of unit cost of €5.15c per trainee per hour. The subsidy for wage costs has been extended to training that is held by distance learning or online.
Training Aid Intensity refers to the aid amount expressed as a percentage of the training programme’s eligible costs.
The proportion will vary according to the size of the undertaking (Large, Medium, Small or Micro) as indicated below.
The Co-financing rate will be applied on the total eligible cost. The size of an undertaking determines the level of assistance which is established by staff headcount and financial thresholds as explained below:
SME Definition | Aid Intensity |
---|---|
Large: Number of employees exceeds 250 people | 50% |
Medium: Number of employees not exceeding 250 people and annual turnover not exceeding €50 million and/or annual balance sheet not exceeding €43 million | 60% |
Small: Number of employees not exceeding 50 people and annual turnover and/or annual balance sheet not exceeding €10 million Micro: Less than 10 people employed and annual turnover and/or annual balance sheet not exceeding €2 million |
70% |
The applicant must fill in the application form on the JobsPlus website complete with all relevant details and documents. Original applications must be received by the Investing in Skills Unit within 21 calendar days before the start date of training.
Via the Investing in Skills scheme, you will get back by way of refund (per attendee) as per the table below, depending on the size of the company:
Course Title | Duration (Hrs) | Large Company (€ per employee) | Medium Company (€ per employee) | Small/Micro Company (€ per employee) |
---|---|---|---|---|
Award In Business Presentation Skills | 10 | 154.25c | 185.10c | 215.95c |
Award In Public Relation Skills | 10 | 154.25c | 185.10c | 215.95c |
Award In Selling And Negotiation Skills | 10 | 154.25c | 185.10c | 215.95c |
Award In Effective Customer Skills | 10 | 154.25c | 185.10c | 215.95c |
Award In Train The Trainer | 10 | 154.25c | 185.10c | 215.95c |
Award In Supervisory And Management Skills | 10 | 154.25c | 185.10c | 215.95c |
Award In Training Needs Analysis | 10 | 154.25c | 185.10c | 215.95c |
Award In Coaching Skills | 10 | 154.25c | 185.10c | 215.95c |
Award In Business English | 10 | 154.25c | 185.10c | 215.95c |
Award In Excel Core Training Intermediate | 7 | 107.97c | 129.57c | 151.16c |
Award In Excel Expert Training Advanced | 7 | 107.97c | 129.57c | 151.16c |