S.L. 463.4 Art. 20Assistance for expansion of businessoperations or for consolidation of current operations.

Where the Corporation is satisfied that a single undertaking carrying on or intending to carry out an activity that may contribute to the economic development of Malta, requires assistance to set up business development projects aimed to expand its business operation or to consolidate its current operations, the

Corporation may provide such a single undertaking with a tax credit or a cash grant that may not exceed the limits set in regulation 21 in accordance with the terms and conditions set out in the Guidelines: Provided that applications for assistance under this regulation may be submitted to the Corporation as from the 1st May 2016 and shall reach the same Corporation by not later than the 31st December 2020.