The government is to grant tax credits of up to €250,000 as seed capital to encourage new investment, Finance Minister Edward Scicluna said in the Budget speech tonight.
Work is also in an advanced stage on the setting up of a Development Bank to ease access to finance for investors.
The minister said there will also be a reduction in taxes on the transfer of business between family members. The law would better define what constituted a family business.
Details would be announced in the coming months.