Things
This is a subsidized loan for 85% of the eligible expenditure to which is added a capital contribution for the remaining 15%.
Who is it aimed at?
SMEs in possession of the requirements specified in point 1 of the General Part and also having the following characteristics can benefit from the incentives for youth entrepreneurship: – Individual businesses owned by people between the ages of 18 and 35; – Companies, including cooperative ones, at least 60% of whose members are people between the ages of 18 and 35 or whose share capital is held for at least two thirds by people between the ages of 18 and 35 years old. These requirements must exist on the date of the application for admission to the benefits and must remain in the first five years from the date of admission to the benefits and in any case for the entire duration of the subsidized operation, if longer, under penalty of revocation. SMEs already active and those intending to become active in the Veneto Region may be eligible for the benefits. The latter must be active at the time of the request for disbursement of the facilitated operation granted.
What does it predict
SMEs established or to be established pursuant to Regional Law 24 December 1999, n. can benefit from the Fund's intervention. 57 “Regional interventions for the development of Venetian youth entrepreneurship”. The interventions that could be presented on the cited fund can be presented on the single provisions. These provisions concern the development of the Veneto production system: for the Manufacturing - Commerce and Crafts sectors.
