EU Business & Development Unit within Bank of Valletta is the hub that provides enterprises with specialised focus on European affairs. This unit has an office in Malta as well as an EU Representative Office in the Belgian capital Brussels.
This Unit provides customers with the following services:
Furthermore, the BOV team within EU Business & Development Unit provides an understanding of the mechanics behind EU policy-shaping strategies. In this manner, they play an important role in supporting Malta’s sustainable growth by increasing the reach and impact of EU funds available to the enterprise. BOV offers tailor-made project financing depending on the customers’ needs and requirements.
European Union Funding
There are two main categories of EU funding available, namely:
Over 70 per cent of EU funding / budget is administered by the Member State. EU funding runs according to the EU’s programming period. Currently, the EU’s programming period covers the term from year 2014 to year 2020. According to the n + 2 rule, all EU funding for this programming period needs to be spent by 2015.
EU Business & Development Unit organises regular information sessions on EU funding opportunities.