July 13, 2020 / Calls for proposals, funding and incentives

SIMEST, SAVE MASSIMALS of subsidized financing related to Pact for Export.

The new maximum amounts will allow companies to benefit from greater liquidity for their cross-border investments, both in absolute terms and in proportion to their size limits.
(turnover or net worth depending on the instrument) making, in effect,
the most attractive subsidized financing, even for MidCaps and large companies.
This latest measure is in addition to the other two new features already in effect since mid-June,
under which, throughout 2020, eligible companies are exempt from the requirement to provide collateral to access financing and are eligible to receive up to 40% of the requested amount non-repayable fund
(for a maximum non-repayable amount of 100 thousand euros), with the remainder to be repaid in the medium to long term and at a subsidized rate (equal to July at 0.085% per year).
Finally, by summer, the wide range of innovations introduced by the “Relaunch Decree” in response to the post-Covid19 crisis will be supplemented by the extension of financing operations to intra-EU projects and by the expansion of eligible expenses and types of companies.

Below, instrument by instrument, are the new amounts that companies can now apply for from SIMEST.

Capitalizationdoubles the ceiling of this financing dedicated to exporting companies from 400,000 to 800,000 Euros and which, compared to others, does not have a specific use.
The instrument therefore turns into a real medium-to-long-term liquidity injection
(6 years including 2 years of pre-depreciation).

Entering Foreign Markets4 million Euros – compared to the previous 2.5 million – is the maximum amount that SIMEST can grant to companies for the expenses of opening a shop, corner, or showroom.,
office or after-sales service center abroad.

Feasibility studies: This program, which covers up to 100% of the costs associated with preparing feasibility studies related to productive or commercial investments abroad, sees the maximum amount increase from
150 thousand to 200 thousand Euro for studies related to commercial investments, and from 300 thousand to 350 thousand Euro
For studies related to productive investment.

E-CommerceCompanies wishing to leverage the potential of e-commerce can access funding that increases from 300,000 to 450,000 Euros for the creation of their own online platform and from 200,000 to 300,000 Euros for joining a marketplace provided by third parties.

Fairs, Exhibitions and System Missions.: The ceiling to cover up to 100% the budgeted expenses for exhibition area, logistics, promotional and consultancy related to participation in international fairs/exhibitions, including system missions promoted by MISE and MAECI and organized by ICE Agency, Confindustria and other institutions and trade associations, rises from 100 to 150 thousand euros.

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