Regional revolving fund for the recovery of companies in crisis or at risk of relocation - Lazio Region

March 22, 2024

FORM FACILITATION

Repayable loan/advance

REGIONS

Lazio

SECTOR

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

ALLOWED EXPENSE

0 €

INCENTIVE STATUS

ACTIVE

OPENING DATE

CLOSING DATE

October 20, 2021
July 1, 2029

NOTES

No additional notes

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Things

The Lazio region stability law 2019 – n. 13 of 22/12/2018 - established the Revolving Fund for the recovery of Lazio companies in crisis or at risk of relocation by cooperatives made up of employees or former employees (so-called Workers Buyout).

Who is it aimed at?

To employees of companies in crisis or undergoing relocation who have set up, or intend to set up, cooperative companies.

What does it predict

The measure consists in the granting of zero-interest loans, equal to 100% of eligible costs with a minimum amount of 20,000 euros (repayable in 10 years and with a maximum pre-amortization of two years), to support the acquisition or rental of companies , company branches or complexes of assets and contracts.

Objective – Purpose

Business crisis, Liquidity support, Start up/Business development

Form – Facilitation

Repayable loan/advance

Maximum Allowable Expenditure

300000 €

Allowed Costs

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

Maximum grantable benefit

300000 €
Subject type
Cooperatives/Non-Profit Associations, Business

Dimension

Medium Enterprise, Microenterprise, Small Enterprise

Activity sector

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

ATECO

All economic sectors eligible to receive aid;

Regions

Lazio

Managing entity

CFI-Business Finance Cooperation

Primary regulatory basis

Regional Stability Law 2019-art.4 c. 40 et seq. institution of the “Regional revolving fund for the recovery of companies in crisis”

Implementation measure

Regional Stability Law 2019-art.4 c. 40 et seq. institution of the “Regional revolving fund for the recovery of companies in crisis”

Incentive allocation

8000000 €

Reference site

https://www.regione.lazio.it/cittadini/sviluppo-economico/microcredito/Workers-BUY-OUT-WBO

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