Public notice “Contribution to the issuance costs incurred by SMEs eligible to participate in the Basket Bond Lazio operation – Minibond Guarantee Fund

October 2, 2024

FORM FACILITATION

Contribution/Repayable fund

REGIONS

Lazio

SECTOR

Hotel, Other services, Crafts, Motor vehicles and other means of transport, Chemicals and Pharmaceuticals, Culture, Construction, Electronics, Energy supply, Water and waste management, ICT, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles, Health

ALLOWED EXPENSE

0 €

INCENTIVE STATUS

ACTIVE

OPENING DATE

CLOSING DATE

January 23, 2024
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NOTES

The Application must be submitted starting from 12:00 on 23 January 2024 and within 90 days of the issuance of the Minibond or of the Arranger's communication relating to the refusal by the Investors. Contribution requests must be submitted exclusively online via the GeCoWEB Plus platform.
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Things

The aim of the contribution is to broaden the potential audience of SME Issuers, reducing the incidence of fixed costs connected to the issue of bonds and therefore making the issuance of Minibonds more convenient even for more modest denominations, suitable for smaller companies. The non-repayable contribution partly covers some Minibond issuance costs that SMEs must face to participate in the Basket Bond Lazio operation guaranteed by the Minibond Guarantee Fund established with the resources of the 2021-2027 ERDF Regional Programme. 

Who is it aimed at?

The notice is aimed at SMEs which: - have submitted the expression of interest pursuant to the Invitation to express interest in participating in the Basket Bond Lazio operation and which have passed the relevant formal eligibility phase; - have an operational headquarters in Lazio resulting from the Company Register; - they are found alternatively in one of the two cases: a) having issued the Minibond in the context of the Basket Bond Lazio operation, or b) having received the refusal to admit it to the portfolio by the Investors, despite having passed formal eligibility - have already incurred the eligible costs covered by the contribution, with the exception regulated in the Notice for the costs of first certification of the budget. They must also meet the general eligibility requirements set out in the Notice. 

What does it predict

A non-repayable contribution calculated at a maximum of 50% of the costs admitted and actually incurred on the date of submission of the Application and is State Aid granted: - pursuant to art. 18 of the RGE, with reference to the costs whose legally binding commitments were assumed after the presentation of the expression of interest to participate in the Basket Bond Lazio operation; - pursuant to De Minimis, with reference to the costs whose commitments were legally assumed before submitting the expression of interest, it being understood that they must be hired after the date of publication of the Call. 

Objective – Purpose

Investment support

Form – Facilitation

Contribution/Repayable fund

Maximum Allowable Expenditure

70000 €

Allowed Costs

Buildings and land, Professional training, Personnel costs, Raw materials, consumables and goods, Services, patents and licenses, General expenses/other charges, Plant/Machinery/Equipment

Maximum grantable benefit

35000 €
Subject type
Business

Dimension

Medium Enterprise, Small Enterprise

Activity sector

Hotel, Other services, Crafts, Motor vehicles and other means of transport, Chemicals and Pharmaceuticals, Culture, Construction, Electronics, Energy supply, Water and waste management, ICT, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles, Health

ATECO

All economic sectors eligible to receive aid

Regions

Lazio

Other features

Eligible costs: a) the cost incurred by the Beneficiary SME for the commission due to the Arranger of the Basket Bond Lazio operation, quantified as equal to 2.74% of the Minibond amount; issued; it is specified that the SMEs that submit the application having received the denial of admission to the portfolio by the Investors will not have incurred and will not incur this cost; b) the cost of obtaining the first credit rating of the beneficiary SME issued by a credit agency ECAI rating, provided that the rating obtained is equal to or higher than BB- (on an equivalent S&P scale) and that the company does not already have other valid credit ratings. The costs incurred for the monitoring and periodic renewal of the credit rating are not eligible; c) the cost for the first certification of the financial statements of the beneficiary SME; only the initial cost (one-off) is eligible and the maximum contribution that can be granted with reference to this cost item is equal to 7,500.00 euros. The costs referred to in letters b and c are recognised: - provided that the relevant legally binding commitments ( assignment, contract or similar document) are undertaken on a date between the date of publication on the BUR Lazio of the Invitation to express interest in participating in the Basket Bond Lazio operation and the date of issue of the Minibond or communication of the refusal by the Investors; - even if the Beneficiary SME does not proceed with the issue of the Minibond, but exclusively if the failure to issue is due to refusal by the Investors.

Managing entity

Lazio region

Primary regulatory basis

Implementation of resolution 584/2022 Non-repayable contribution for Minibond issue costs

Implementation measure

Implementation of resolution 584/2022 Non-repayable contribution for Minibond issue costs

References Official Journal

99 of 12/12/2023

Incentive allocation

2000000 €

Reference site

https://www.lazioeuropa.it/bandi/basket-bond-lazio-contributo-sui-costi-di-emissione-sostenuti-dalle-pmi-ammissibili/

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