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ON – New zero-interest businesses 2024

What you need to know

Also for 2024 it is possible to submit an application to obtain the aid provided for by the ON incentive - Oltre New businesses at zero interest.

Eligible subjects

The benefits are aimed at companies made up mainly of young people between 18 and 35 years old or women of all ages, throughout the national territory.

Businesses must:

  • be established for no more than 60 months
  • be Small or Micro Enterprises
  • be established in the form of a company
  • have the corporate structure made up, for more than half the number of members and participation quotas, of individuals aged between 18 and 35 or women;

 

Natural persons who intend to set up a business can also apply for the benefits.

Companies controlled by shareholders controlling companies that have ceased, in the twelve months preceding the date of submission of the request, an activity similar to that to which the application for relief refers are not eligible for aid.

Eligible interventions

Production of goods in the sectors of industry, crafts and processing of agricultural products;

  • Provision of services to businesses and individuals;
  • Trade in goods and services;
  • Tourism;
  • Activities of a tourist-cultural nature and activities linked to social innovation.

 

Intervention initiatives relating to the fishing sector and relating to the primary production of agricultural products and aquaculture are not eligible.
The investment programs must be implemented within 24 months from the date of signature of the financing contract.

Investment programs must be started after the submission of the application.

Subsidy (companies established for no more than 36 months)

Zero-rate financing for investments of up to 1.5 million euros, with a maximum duration of 10 years and an amount not exceeding 90% of the eligible expenditure. A part of the previous loan can be granted on a non-repayable basis up to a maximum of 20% of the expenses allocated to tangible and intangible assets.

Eligible expenses (companies established for no more than 36 months)

All expenses necessary for the purposes of the investment program incurred by the company from the date of submission of the application or from the date of incorporation of the company in the event that the application is submitted by natural persons are eligible, with various maximum percentages depending on the typology:

to. masonry and similar works, including those relating to renovation works of the production unit subject to intervention, within the limit of 30% of the eligible investment;

b. new factory machinery, systems and various equipment, including those necessary for the provision of services with the sharing economy formula, as long as they are strictly necessary for the activity covered by the subsidized initiative, sized to actual production and individually identifiable;

c. computer programs and services for information and communication technologies (ICT), commensurate with the production and management needs of the company, including those connected to emerging technologies and applications of artificial intelligence, blockchain and internet of things;

d. purchase of patents or acquisition of related user licenses;

And. specialist consultancy, within the limit of 5% of the eligible investment;

f. charges connected to the stipulation of the subsidized financing contract and charges connected to the incorporation of the company.

g. Working capital, within the limit of 20% of investment expenses, justified by the business plan and used for the purposes of paying the following expense items: 1) raw materials 2) services necessary for carrying out the company's activities; 3) enjoyment of third party assets.

Eligible expenses (companies established between 36 months and 60 months)

Investment programs aimed at the creation of new production units or the consolidation and development of existing activities through the expansion of the activity, the diversification of production through new products are eligible. additions or the radical transformation of the production process.

Eligible are expenses relating to the purchase of tangible and intangible assets, as defined by articles 2423 et seq. of the civil code, necessary for the purposes of the program, incurred by the company after the date of submission of the
application and relating to:

to. limited to companies operating in the tourism sector, the purchase of the property where the business is located, up to a maximum of 40% of the total eligible investment;

b. masonry and similar works, including those relating to renovation works of the production unit subject to intervention, within the limit of 30% of the total eligible investment;

c. new factory machinery, systems and equipment, including those necessary for the provision of services with the sharing economy formula as long as they are strictly necessary for the activity covered by the subsidized initiative, sized to actual production and individually identifiable;

d. computer programs, patents, licenses and trademarks and commensurate with the production and management needs of the company.

The expenses referred to in the letter. d, are eligible provided that:

a) are depreciable;

b) are used exclusively in the production unit covered by the subsidized investment programme;

c) are purchased at market conditions by third parties who have no relationship with the buyer;

d) appear in the assets of the beneficiary company for at least 3 years.

Relief (companies established between 36 months and 60 months)

Zero-interest financing for investments of up to 3 million euros, with a maximum duration of 10 years and an amount not exceeding 90% of the eligible expenditure. A part of the previous loan can be granted on a non-repayable basis up to a maximum of 15% of the tangible and intangible assets only.

Guarantees

For loans up to €250,000.00, no guarantees are required.

Loans of amounts exceeding €250,000.00 must be assisted by a special privilege where it can be acquired within the scope of subsidized investments and depending on the nature of the assets.

If the subsidized investment program also includes the purchase of the property where the business is based, from a first degree mortgage on the same property.

Cumulability

The benefits can be cumulated with other state aid, including de minimis, within the limits established by the European regulations on reference state aid.

Presentation

Over-the-counter evaluation procedure, applications can be submitted until available resources are exhausted.

Service Design

Who is it aimed at?

Small businesses, Medium businesses, Enterprise - predominantly female, Business to be set up - Female, SME, Professional

Facilitation

Concessionary rate financing, Contribution/Repayable fund

expiration

Until funds run out

Opening

Geographic area

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

Sector

Tourism, Commerce, Manufacturing, Services, Industry, Agro-industry, Crafts, Artistic craftsmanship

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