A micro company set up two years ago is investing €174,000 to expand its operations. A quarter of the investment is being made through European Regional Development Funds.
Defined Branding, a 3D design and web development company based in San Gwann, was today visited by the Parliamentary Secretary for Small Business Jason Azzopardi.
The ERDF funds enabled the company to employ more specialised workers, who were enabling it to create new niches and markets. It was also carrying out more of its work in-house, making it more competitive.
Dr Azzopardi said that employment was central to government policy and it wanted to continue creating the best environment for its enterprises, 97 per cent of which were micro.
Dr Azzopardi noted that the budget for next year was dedicating funds for franchising, to help Maltese firms export their products. This was complementary to the €100,000 Gateway to Export fund which would assist and train companies to export to foreign markets.