FORM FACILITATION

Contribution/Refundable Fund, Loan/Repayable Advance

REGIONS

Lombardy

SECTOR

Other services

ALLOWED EXPENSE

--

INCENTIVE STATUS

CLOSED

OPENING DATE

CLOSING DATE

October 16, 2023
December 11, 2023

NOTES

October 4, 2024

Things

A tender that finances the opening or expansion of micro and small street businesses in the area surrounding Piazza Angilberto II (Target Area) through the provision of non-repayable grants and subsidized interest loans

Who is it aimed at?

– to Micro and Small businesses operating in the sectors of retail trade, crafts, food and drink administration, services, tourism, culture and other sectors functional to the socio-economic development of neighborhoods; - to aspiring entrepreneurs who intend to open a micro or small business with shop window on the street in the Target Area. In case of financing, the winners of the tender undertake to establish a new micro or small business by 30 June 2024.

What does it predict

A subsidy intensity equal to 75% of the project. Two lines of intervention are foreseen: LINE 1 – For this Line, the call grants non-repayable contributions up to €30,000 and subsidized rate loans up to €15,000 to open entrepreneurial activities within vacant or inactive commercial premises in the Area Target. Both investment expenses (for an amount equal to or greater than 50% of the total value of the project) and management expenses are eligible. LINE 2 – For this Line, the announcement grants non-repayable grants of up to €15,000 and subsidized rate loans of up to €7,500 to modernize or expand micro and small road-based entrepreneurial activities in the Target Area. Only investment expenses are eligible.

Objective – Purpose

Digitalisation, Female entrepreneurship, Youth entrepreneurship, Innovation and research, Investment support, Liquidity support, Start up/Business development, Ecological transition

Form – Facilitation

Contribution/Refundable Fund, Loan/Repayable Advance

Minimum Allowable Expenditure

--

Maximum Allowable Expenditure

--

Allowed Costs

Plant/Machinery/Equipment, Raw materials, consumables and goods, Services, patents and licenses, General expenses/other charges

Minimum concession that can be granted

--

Maximum grantable benefit

--
Subject type
Business, Business - predominantly female, Business - predominantly young people, Business to be set up - Other, Business to be set up - Female, Business to be set up - Youth

Dimension

Microenterprise, Small Business

Activity sector

Other services

ATECO

All economic sectors eligible to receive aid;

Regions

Lombardy

Municipalities

Milan

Special territorial scope

--

Other features

--

Managing entity

Municipality of Milan - Planning and Accountability Area

Primary regulatory basis

Fourteenth addition to the VI Program of Interventions Law 266/1997 for €969,567.80 and simultaneous approval of the guidelines of the "Shops and Workshops in the Angilberto Area" tender with financial allocation of €1,000,000.00 for the granting of concessions in favor of micro and small local businesses and neighborhood shops
Secondary regulatory basis
--

Implementation measure

Fourteenth addition to the VI Program of Interventions Law 266/1997 for €969,567.80 and simultaneous approval of the guidelines of the "Shops and Workshops in the Angilberto Area" tender with financial allocation of €1,000,000.00 for the granting of concessions in favor of micro and small local businesses and neighborhood shops

References Official Journal

--

Incentive allocation

1.000.000 €

Reference site

https://servizi.comune.milano.it/en/dettaglio-contenuto/-/asset_publisher/pqxq/content/negozi-e-botteghe-in-zona-angilberto-un-bando-per-le-micro-e- small-businesses-in-the-neighborhood

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