Subsidized financing and grant co-financing: it's on again!

Applications may be submitted from from 9:30 a.m. on October 28 and until 6 p.m. on December 3, 2021, unless funds are exhausted.

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

How it was in June 2021

Simest had reported that on June 3 and 4, 2021, it had processed over 8125 instances from the 394 Fund. The Fund was apportioned on June 3 with an endowment of approx. € 2.1 billion, but as a result of the massive influx of applications, which exhausted the albeit substantial supply of resources, operations had been suspended on June 4..

45% of the applications were for funding. Fairs and Exhibitions while about 20% involved funding for the Capitalization (nearly 775 million in countervalue).

Third with about 15% each the funding Market Placement (more than 930 million euros), which is intended for promotion and development in foreign markets, and that E-Commerce (nearly 170 million euros) that supports companies in developing e-commerce platforms.

They follow with demands below 5% Feasibility Studies, Temporary Export Manager e Technical Assistance (a total of about 60 million euros).

As just illustrated, Funds are limited and while funds last. It is important to start right away, don't wait until the last moment, to arrive prepared and thus be able to access this very large opportunity that has enabled many companies to get a real competitive advantage.

Octagona can support you in creating the application to Simest, and with our experience in internationalization and Digital Export we can be your Ideal partner for increasing turnovers and profits Of your company.

If you would like to find out what steps to take and would like to get expert industry advice then give us a call or write to us by clicking on the button below.

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