Things
The Call supports and finances the opening or modernization of Micro and Small economic activities with street windows in an area at risk of commercial desertification (defined as the "Target Area") falling within Municipalities 4 and 5 of the Municipality of Milan, further afield detail outlined between Via Ripamonti, Piazza Angilberto II and Corso Lodi. The tender is divided into two lines of intervention: LINE 1 – CLOSED WINDOWS for the reactivation of vacant or unused commercial premises in the Target Area, with a financial allocation of €500,000; LINE 2 – OPEN WINDOWS for the strengthening of street-based economic activities already active in the Target Area, with a financial allocation of €500,000.
Who is it aimed at?
Aspiring entrepreneurs or micro and small businesses can participate (EU Regulation 651/2014), including social enterprises referred to in art. 1 of the Legislative Decree. 112/2017, already established or intending to establish themselves in the "Target Area".
What does it predict
Public support is made up of a non-repayable contribution equal to 50% of the cost of the project and a subsidized loan equal to 25% of the cost of the project; the remaining 25% will have to be covered by the proponent with its own resources. The loan will be disbursed upon correct reporting of the expenses incurred. The maximum duration of implementation for projects is 18 months (subject to any extensions).
