Facilitated financing and non-repayable co-financing: let's start again!

Applications can be submitted starting from from 9.30 on October 28th and until 18 of the December 3, 2021unless funds run out.

Share of non-repayable co-financing: may be recognized up to the limit of 25% of the total amount of the requested loan (non-repayable co-financing will no longer be available for capitalization operations).

How it went in June 2021

Simest had communicated that on 3 and 4 June 2021 he had processed further 8125 instances to be drawn from the 394 Fund. The Fund was distributed on 3 June with a dowry of approx €2.1 billion, but following the massive influx of requests, which has exhausted the substantial availability of resources, operations had been suspended on 4 June.

The 45% of questions concerned financing Fairs and Exhibitions while approximately 20% concerned the financing for the Capitalisation (almost 775 million in value).

Third parties with approximately 15% each in funding Market entry (over 930 million euros), which is intended for promotion and development in foreign markets, and that Ecommerce (almost 170 million euros) which supports companies in the development of electronic commerce platforms.

They follow with lower requests than the 5% Feasibility Studies, Temporary Export Manager and Technical assistance (a total of around 60 million euros).

As just illustrated, Funds are limited and until exhaustion. It is important to leave immediately, don't wait for the last moment, to arrive prepared and thus be able to access this great opportunity that has allowed many companies to obtain a real one competitive advantage.

Octagona can support you in creating the demand for Simest and with our experience in Internationalization and Digital Export we can be your ideal partner to increase turnover and profits of your company.

If you want to find out what steps to take and you want expert advice in the sector, then call or write to us by clicking on the button below.

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