August 20, 2021 / Tenders, funding and incentives

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: it can be recognized up to the limit of 25% of the total amount of the loan requested (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 exhausted the considerable availability of resources, operations were suspended on June 4.

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 start immediately, don't wait until the last moment, to arrive prepared and thus be able to access this great opportunity which has allowed many companies to obtain a real competitive advantage.

Octagona can support you in creating your application to 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.