S.L. 325.6 Art. 12Maximum aid for investmentprojects for SMEs.

The aggregate amount that a company may benefit from in respect of an investment project in terms of regulations 5, 8 and 9

and articles 6, 7, 24B and 24C of the Act shall not -

(i) where the company qualifies as a small-sized enterprise, exceed the higher of -

(a) 50% of the qualifying expenditure pertaining to that investment project; or

(b) 50% of the wage cost for the twenty-four month period pertaining to individuals in respect of whom jobs were created as determined by regulation 5(7) to (11);

(ii) where the company qualifies as a medium-sized enterprise, exceed the higher of -

(a) 40% of the qualifying expenditure pertaining to that investment project; or

(b) 40% of the wage cost for the twenty-four month period pertaining to individuals in respect of whom jobs were created as determined by regulation 5(7) to (11).