Priority Axis 1 – Enhancing Knowledge and Innovation
Operational Programme I - Priority Axis 1 aims to support Malta’s efforts in becoming a knowledge-based, competitive economy.
The financial allocation for this Priority Axis amounts to €120,000,000 of which €102,000,000 are Community Funding (European Regional Development Fund).
This Priority Axis also aims to reach a number of operational objectives:
To promote and strengthen high value-added economic activity, including attraction of Foreign Direct Investment through investments in enterprise support infrastructure, including industrial facilities;
To support the re-structuring process of local industry (including crafts) and its move towards a competitive knowledge economy and promote entrepreneurship;
To undertake a number of smart investments in the knowledge infrastructure and research capacity in higher education;
To explore the potential for RES and promote electricity produced from RES.
Focus Areas of Intervention
The focus areas of intervention identified by this Priority Axis are:
- Enterprise Infrastructure
- Aid Schemes to the Manufacturing and Service Industries
- Financial Engineering
- Investment in RTDI and RTDi-related Infrastructure and ICT
Operational Programme I for further detail. Information on the Priority Axes can be found in Chapter IV of OPI.