The Malta Development Bank (MDB) has launched new schemes aimed at strengthening its support for Maltese businesses, with a focus on environmental sustainability and the cultural and creative sector.

These new schemes, backed by the InvestEU programme through the European Investment Fund (EIF), mark a strategic expansion of MDB’s financial instruments. The Sustainability Schemes will support projects that promote environmental goals, while the Cultural & Creative Sector Scheme will provide targeted financing to businesses in Malta’s dynamic creative industries.

Both Bank of Valletta (BOV) and HSBC Bank Malta will begin offering loans under the MDB’s sustainability-related products. HSBC will also serve as an intermediary for the scheme related to the Cultural and Creative sectors, whilst a third bank is expected to join in the coming months.

“This launch reflects our strong commitment to sustainability and targeted support for key growth sectors,” said Alison Micallef, Chief Executive Officer of the MDB.

Chairman Leo Brincat added: “Embedding sustainability in our financial system builds a more resilient, forward-looking economy. Targeted support for creative sectors drives lasting and meaningful growth.”

The launch of these schemes follows the successful renewal of MDB’s two flagship programmes: the Guaranteed Co-Lending Scheme (GCLS) and the SME Guarantee Scheme (SGS). For more information, eligibility and related details please visit the below link.

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