“Anti-crisis production activities” rotation fund: granting of subsidized loans, including in mixed form – Single Fund – Veneto Region

January 24, 2024

FORM FACILITATION

Contribution/Refundable Fund, Loan/Repayable Advance

REGIONS

Veneto

SECTOR

Agri-food, Crafts, Commerce, Construction, Electronics, Energy supply, Water and waste management, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles, Catering

ALLOWED EXPENSE

INCENTIVE STATUS

CLOSED

OPENING DATE

CLOSING DATE

July 9, 2021

January 9, 2023

NOTES

It should be noted that with the requests presented so far, the potential full use of the available resources has been achieved. Access for the submission of new applications is therefore suspended from 5pm on Monday 9 January 2023.

Things

The incentive provides benefits in the form of subsidized financing for small and medium-sized businesses with operational headquarters in the Veneto area. The fund accompanies the financing with a non-repayable grant for an amount not exceeding 15% of the admitted cost of the initiative. The characteristic of the subsidy is the sharing of risk between the financing institution affiliated with the regional finance company and the region, with reference to the subsidized financing. The region therefore acts as a co-financier.

Who is it aimed at?

SMEs that, at the date of submission of the application, meet the following requirements can benefit from the Fund's intervention: a) they must be regularly registered in the business register established at the Chamber of Commerce, Industry, Crafts and Agriculture competent for the territory or at the register of artisan businesses and be in business on that date. For the purposes of identifying the start date of activity, the date resulting from the Chamber of Commerce certificate will prevail; b) must have their operational headquarters in the territory of the Veneto Region. The aforementioned location must be shown in the chamber of commerce inspection.

What does it predict

1. Subsidized financing; 2. Facilitated financial leasing (“subsidized leasing”). This technical form can only be activated for initiatives aimed at making investments which take the form of the acquisition, with redemption obligation, of production plants, equipment and machinery. For these operations, the maximum eligible expense is represented by the purchase cost net of VAT and initial fee; 3. Subsidized financing plus "Mixed form" contribution. This technical form consists of a subsidized loan or financial lease to which a non-repayable contribution is added. The subsidized loans can also concern the current management of the company. In this case the amounts of the intervention are between €20,000.00 – €250,000.00 and do not benefit from the contribution/subsidy as the latter is only linked to investments.