FORM FACILITATION

Repayable loan/advance

REGIONS

Veneto

SECTOR

Crafts, Construction, Electronics, Energy Supply, Water and Waste Management, ICT, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles

ALLOWED EXPENSE

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INCENTIVE STATUS

ACTIVE

OPENING DATE

CLOSING DATE

February 17, 2002
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NOTES

Door open

Things

The incentive provides benefits in the form of subsidized financing for small and medium-sized businesses, with mixed public-private funding at bank risk. The region intervenes by transferring zero-interest funding to the bank.  

Who is it aimed at?

SMEs operating in the sectors specified below are eligible for the benefits (ref. ATECO 2007 classification). LR 17 January 2002, n. 2: Artisan SMEs in all sectors – Registration requirement in the register of artisan businesses. Initiatives aimed at making investments – The operational offices subject to the investment must be located in the Veneto Region. Financial support interventions – All operational offices must be located in the territory of the Veneto Region.

What does it predict

Concessions are provided for: - investment expenses - real estate investments, movable investments, intangible assets - costs of construction management, studies, planning, consultancy outsourced, connected with the investment program, and also aimed at marketing and promotion initiatives as well as obtaining quality certifications (10% max) - expenses for financial support - company recapitalization - company financial rebalancing - consolidation of short-term bank liabilities - other financial support initiatives. 

Objective – Purpose

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

Form – Facilitation

Repayable loan/advance

Minimum Allowable Expenditure

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Maximum Allowable Expenditure

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Allowed Costs

Buildings and land, Plant/Machinery/Equipment, Services, patents and licenses, Overheads/other charges

Minimum concession that can be granted

--

Maximum grantable benefit

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Subject type
Enterprise, Enterprise - innovative SU/SME, Enterprise - predominantly female, Enterprise - predominantly young people, Enterprise to be established - Female, Enterprise to be established - Youth

Dimension

Medium Enterprise, Microenterprise, Small Enterprise

Activity sector

Crafts, Construction, Electronics, Energy Supply, Water and Waste Management, ICT, Mechanics, Metallurgy, Furniture, Wood and Paper, Fashion and Textiles

ATECO

All economic sectors eligible to receive aid;

Regions

Veneto

Municipalities

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Special territorial scope

Internal areas, SEZ

Other features

Applications for relief can be submitted continuously, as the relief is "one-stop" (art. 5, Legislative Decree no. 123/1998). The application must be submitted to Veneto Sviluppo through the banks or leasing companies affiliated with the Regional Finance Company or, alternatively, through a Guarantee Cooperative, a Credit Consortium or an Office (Provincial, Interprovincial or Regional) of a trade association, also through its own service company. The application presented through a Guarantee Cooperative, a Credit Consortium or an Office (Provincial, Interprovincial or Regional) of a Trade Association must already be complete with a copy of the resolution granting credit by the Bank / Chosen affiliated leasing company, with indication of: amount, technical form, duration, type of guarantees required to support the assignment.

Managing entity

Veneto Innovazione Spa

Primary regulatory basis

REGIONAL FINANCIAL LAW FOR THE 2002 FINANCIAL YEAR - Art. 21 – Revolving fund for the granting of subsidized loans to artisan businesses.
Secondary regulatory basis
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Implementation measure

REGIONAL FINANCIAL LAW FOR THE 2002 FINANCIAL YEAR - Art. 21 – Revolving fund for the granting of subsidized loans to artisan businesses.

References Official Journal

113 of 12/24/2013

Incentive allocation

75242723.96 €

Reference site

https://bur.regione.veneto.it/BurvServices/Pubblica/DettaglioDgr.aspx?id=264290

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