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 and 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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Applications are accepted from October 28 at 9:30 a.m. until December 3 at 6 p.m. 2021, subject to the early exhaustion of funds. The reopening of the SIMEST desk stems from the resolution of July 27 and the publication in the Official Gazette of August 7, 2021. The resources come from the PNRR.
The full-funding co-financing can be granted up to 25% of the total amount of the subsidized loan requested to SIMEST. There remains an important exception: for asset-dilution operations, the full-funding co-financing is no longer available. In that case, the company can therefore obtain only the subsidized loan.
The Fund 394 was suspended on June 4, 2021 because the requests exhausted the resources. It was resumed on June 3 with approximately 2.1 billion euros. In two days SIMEST processed over 8125 requests, a massive influx that consumed all the available resources.
The most requested was Fairs and Exhibitions, with 45% of the requests. Patrimonialization received about 20% of the requests, amounting to almost 775 million euros. Market Entry (over 930 million) and E-Commerce (almost 170 million) accounted for about 15% each. Feasibility Studies, Temporary Export Manager and Technical Assistance remained below 5%.
It is advisable to submit the application as soon as the service desk opens because the funds are limited and access ends when the resources are exhausted, even before December 3, 2021. In June 2021, the funding of approximately 2.1 billion euros was exhausted in two days. Arriving prepared allows you not to miss the opportunity.
The Inserimento Mercati funding is intended for the promotion and development of the company in foreign markets. The E-Commerce funding supports the development of e-commerce platforms to sell abroad. As of June 2021, requests for Inserimento Mercati were over 930 million euros and for E-Commerce nearly 170 million euros.
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