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 enable companies to benefit from greater liquidity for their investments across borders, 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 concessional financing for MidCap and large enterprises as well.
This latest measure is in addition to the other two new measures already operational since mid-June,
which see through 2020 applicant companies exempt from the requirement to provide collateral to access financing and qualified to receive up to 40% of the amount requested to 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 the summer, the wide range of innovations introduced by the “Relaunch Decree” in response to the post-Covid19 crisis will be complemented by extending the operability of financing to intra-EU projects as well and expanding the expenditures and types of businesses that can be financed.

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

Capitalization: doubles from 400,000 to 800,000 euros the ceiling of this financing dedicated to exporting companies and which, compared to the others, has no specific purpose.
The instrument is thus transformed into a real medium- to long-term liquidity injection
(6 years including 2 years of pre-depreciation).

Entering Foreign Markets: 4 million euros -- up from the previous 2.5 million -- is the maximum amount that SIMEST can grant to companies regarding the expenses of opening a store, corner, showroom,
office or after-sales service center abroad.

Feasibility studies: This facility, which covers up to 100% for expenses related to the preparation of feasibility studies linked to productive or commercial investments abroad, sees the maximum amount rise 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-Commerce: Enterprises that want to exploit the potential of electronic commerce can access financing that rises from 300,000 to 450,000 euros for setting up 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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