€2.5 million are being placed in a reserve fund for assisting enterprises when temporary difficulties arise for enterprises which had a viable future,and which were ready to invest in their future.

More than €16 million would be invested in the Kordin, Ħal‐Far, Bulebel, Mosta and Xewkija industrial areas and through a partnership with the private sector, two micro‐enterprise parks in Mellieħa and Xewkija would be set up.

To encourage innovation, €1.7 million are being allocated to:

• Double the Research and Innovation Fund to €700,000 ;

• Devise a National Strategy for the Development of the Digital Gaming Industry from the Maltese Council for Science and Technology, Malta Enterprise and the University of Malta, towards which we are allocating €250,000 ;

• Invest a further €250,000 euro to set up a databank regarding the Genome Uman by means of a partnership between the Maltese Council for Science and Technology, Malta Enterprise and the University of Malta;

• Grant an allowance of half a million euro to the University of Malta to set up the Malta University Research, Innovation and Development Trust Fund with the aim of encouraging research at the University and to help in its use for commercial and industrial purposes. Whoever gives a donation of not less than €150 , shall be entitled to a reduction of the same amount from the taxable revenue up to a maximum of €50,000 ;

• Give a refund of 15.2 per cent on expenses on which tax has been paid on research projects approved by the Ministry of Finance and the the Maltese Council for Science and Technology;

• Give another substantial incentive for persons and entities undertaking research leading to patents covering their inventions. This benefit shall consist in a tax exemption from royalties and similar revenue, up to a maximum amount to be established, resulting from patents on inventions which qualify under the parameters established in the context of the Government’s economic and industrial policy; and

• Integrate some Government Laboratories into the National Laboratory which shall eventually form part of the Biotechnology Park in San Ġwann, with an investment of €20 million.

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