Subsidized financing to support the presence of Italian companies and supply chains on the African continent - Strengthening African markets

September 18, 2024

FORM FACILITATION

Loan/Repayable advance, Contribution/Repayable fund

REGIONS

Piedmont, Lombardy, Valle d'Aosta/Vallée d'Aoste, Liguria, Abruzzo, Molise, Basilicata, Calabria, Campania, Puglia, Sicily, Trentino-Alto Adige/Südtirol, Veneto, Sardinia, Tuscany, Friuli-Venezia Giulia, Emilia- Romagna, Umbria, Marche, Lazio

SECTOR

Agri-food, Hotel, Other services, Crafts, Motor vehicles and other means of transport, Chemical and Pharmaceutical, Construction, Culture, Commerce, Electronics, Energy supply, Water and waste management, ICT, Mechanics, Fashion and Textiles, Furniture, Wood and Paper, Metallurgy, Catering, Health, Transport services, Tourism

ALLOWED EXPENSE

10000 €

INCENTIVE STATUS

ACTIVE

OPENING DATE

CLOSING DATE

July 25, 2024
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NOTES

How the portal for submitting the financing application works: From 09:00 on 25 July 2024 it will be possible to access the Portal for completing and submitting financing requests relating to both the new "Strengthening African markets" instrument and the new conditions dedicated to Africa of the tools "Market insertion", "Certifications and consultancy", "Fairs and Events", "E-commerce", "Temporary Manager". - From 6.00 pm on July 24th until 9.00 am on July 25th the Portal will be offline to allow it to be updated in view of the opening and it will not be possible to carry out any operations. Consult the link https://www.simest.it/app/uploads/2024/07/Modalita%CC%80-di-associazione-per-laccesso-al-Portale-SIMEST.pdf for the operating modes for the access to the Portal.https://www.simest.it/app/uploads/2024/07/Modalita%CC%80-di-associazione-per-laccesso-al-Portale-SIMEST.pdf for the operating methods for l access to the Portal.

Things

The instrument allows the financing of expenses aimed at strengthening the financial solidity of the company, also in Italy, as well as that of expenses strictly connected to the realization of investments, including expenses for the training of African personnel in Italy or in Africa, travel, entry and regularization in Italy for hiring. 

Who is it aimed at?

The tool is aimed at Italian companies that are permanently present or export or obtain supplies on the African continent, or that are permanently suppliers of the aforementioned companies, according to the requirements set out in Circular 1/394/2024 (Par. 2.2, G). 

What does it predict

Maximum amount that can be financed: the maximum amount of the Subsidy Intervention that can be requested is equal to the lesser of: – 35% of the average revenues resulting from the last two financial statements (item A1 of the income statement); – €500,000 for Micro Enterprises; €2,500,000 for SMEs and innovative start-ups; €5,000,000 for Other businesses; – Minimum amount equal to €10,000; Maximum non-repayable amount: – up to 20% of the total amount of the Facilitative Intervention requested, up to a maximum of €200,000.00 and in any case within the limits of the ceiling de minimis available for the company, for companies with at least one operational headquarters established for at least 6 months in a region of Southern Italy; – up to 10% of the amount of the Facilitative Intervention requested, up to a maximum of €100,000.00 and in any case within the limits of the ceiling de minimis available for the company, for all other companies; It is also possible to request exemption from the provision of guarantees* *measure pursuant to Article 15 of Legislative Decree 113/2024 and subject to its conversion into law. 

Objective – Purpose

Internationalization

Form – Facilitation

Loan/Repayable advance, Contribution/Repayable fund

Minimum Allowable Expenditure

10000 €

Maximum Allowable Expenditure

5000000 €

Allowed Costs

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

Minimum concession that can be granted

0 €

Maximum grantable benefit

200000 €
Subject type
Business

Dimension

Microenterprise, Medium Enterprise, Large Enterprise, Small Enterprise

Activity sector

Agri-food, Hotel, Other services, Crafts, Motor vehicles and other means of transport, Chemical and Pharmaceutical, Construction, Culture, Commerce, Electronics, Energy supply, Water and waste management, ICT, Mechanics, Fashion and Textiles, Furniture, Wood and Paper, Metallurgy, Catering, Health, Transport services, Tourism

ATECO

All economic sectors eligible to receive aid

Regions

Piedmont, Lombardy, Valle d'Aosta/Vallée d'Aoste, Liguria, Abruzzo, Molise, Basilicata, Calabria, Campania, Puglia, Sicily, Trentino-Alto Adige/Südtirol, Veneto, Sardinia, Tuscany, Friuli-Venezia Giulia, Emilia- Romagna, Umbria, Marche, Lazio

Municipalities

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Special territorial scope

--

Other features

--

Managing entity

Ministry of Foreign Affairs and International Cooperation

Primary regulatory basis

Regulation of financial instruments to support the internationalization of companies, under the Revolving Fund 394/81
Secondary regulatory basis
--

Implementation measure

Regulation of financial instruments to support the internationalization of companies, under the Revolving Fund 394/81

References Official Journal

164

Incentive allocation

200000000 €

Reference site

https://www.simest.it/landing-page-measure-africa/

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