Funding a business - Obtaining access to finance at national level

Last updated on 28 April 2021 by the Ministry of Economic Development

 

You can access various financing schemes in Italy. Below is the list of schemes run by the Ministero dello Sviluppo economico [Ministry of Economic Development]:

Capital assets – Nuova Sabatini

This is a financing scheme designed to facilitate access to credit for businesses and to boost the competitiveness of Italy’s manufacturing sector. The measure supports investments in the purchase or leasing of machinery, equipment, plant, capital assets for manufacturing use and hardware, in addition to software and digital technology.

  • Who is eligible? Micro, small and medium-sized enterprises.
  • Who manages the scheme? Ministry of Economic Development with technical support from the Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa SpA [National Agency for Inward Investment and Economic Development] – Invitalia.

 

Incentives for businesses to expand and strengthen the social economy

This financing scheme, the result of a joint initiative between the Ministry of Economic Development, Ministero del lavoro e delle politiche sociali [Ministry of Employment and Social Policy] and Cassa Depositi e Prestiti, seeks to promote the expansion and strengthening of the social economy by supporting the creation and growth of businesses that operate nationwide in the public interest and for the benefit of society.

  • Who is eligible? Social enterprises, social cooperatives and related consortia, as well as cooperatives with non-profit status.
  • Who manages the scheme? Ministry of Economic Development with technical support from the National Agency for Inward Investment and Economic Development – Invitalia.

 

Nuova Marcora – Creation and development of small and medium-sized cooperatives

The ‘Nuova Marcora’ scheme consists of a subsidised loan for cooperatives whose shareholders, under the Legge Marcora [Marcora Law], include the finance companies in which the Ministry of Economic Development has a stake.

  • Who is eligible? Cooperatives whose shareholders, under the Marcora Law, include the financial company in which the Ministry of Economic Development has a stake (CFI Scpa).
  • Who manages the scheme? CFI – Cooperazione Finanza Impresa Scpa

 

Guarantee fund for small and medium-sized enterprises

The guarantee fund for small and medium-sized enterprises is designed to facilitate access to funding for small and medium-sized enterprises by granting a public guarantee which supplements and often replaces the collateral provided by businesses. Thanks to the fund, businesses have a real chance of securing loans without having to provide additional security for the amounts guaranteed by the fund.

  • Who is eligible? Micro, small and medium-sized enterprises.
  • Who manages the scheme? Temporary consortia composed of: Mediocredito Centrale (lead bank), Mediocredito Italiano, Artigiancassa, MPS and BFF Bank S.p.A (già DepoBank S.p.A.)
  • How to apply: By following the instructions on the page Conosci il Fondo [About the fund]

 

Businesses previously confiscated or seized from organised crime

Measure aimed at supporting development programmes that restore to the community company assets previously managed by organised crime, developing new manufacturing activities and safeguarding existing jobs. The incentive consists of a zero-rate subsidised loan for up to 100% of the eligible development scheme, for amounts of between EUR 50 000 and EUR 700 000.

  • Who is eligible? Businesses of any size operating in all sectors throughout Italy and in the following situations:
    • businesses that have been seized or confiscated from organised crime;
    • businesses that have purchased or leased seized or confiscated companies or their business units;
    • social cooperatives awarded confiscated immovable property;
    • cooperatives of employees of the confiscated business, tenants or assignees of confiscated company assets.
  • Who manages the scheme? Ministry of Economic Development with technical support from the National Agency for Inward Investment and Economic Development – Invitalia.
  • How to apply: You must apply online via the page Agevolazioni DGIAI [DGIAI incentives], in the section ‘Accoglienza Istanze DGIAI’ [DGIAI applications].

 

Transfer of guarantees issued by companies or guarantee institutions in liquidation

This measure is aimed at facilitating the transfer of guarantees provided by companies and guarantee institutions placed in liquidation to financially sound and fully operational credit guarantee funds, with a view to minimising the negative impact on Italian small and medium-sized enterprises (SMEs).

  • Who is eligible? Credit guarantee funds listed in the register of financial intermediaries, which:
    • have applied for or obtained a grant to set up a risk reserve;
    • have taken on, as guarantors, guarantees on performing loans previously issued to SMEs by companies and guarantee institutions placed in liquidation. The transfer must have taken place after 28 September 2017.
  • Who manages the scheme? Ministry of Economic Development with technical support from the National Agency for Inward Investment and Economic Development – Invitalia.

 

Subsidised loans for SMEs affected by non-payment

The credit fund for SMEs and professionals affected by non-payment offers zero-rate loans of up to EUR 500 000 for a maximum of 10 years for small and medium-sized enterprises and professionals facing a potential liquidity crisis due to non-payment by debtors charged with criminal offences.

  • Who is eligible? SMEs and professionals.
  • Who manages the scheme? Ministry of Economic Development with technical support from the National Agency for Inward Investment and Economic Development – Invitalia.

 

Fund for protection of employment levels and continuation of business activities

The Fund acquires minority stakes in the venture capital of companies in economic and financial difficulties that propose a restructuring plan to ensure business continuity and safeguard employment, and finances restructuring programs also through the transfer of a business.

  • Who is eligible?
    • companies that have initiated a confrontation at the business crisis structure of the Ministry of Economic Development;
    • companies in economic and financial difficulty: pursuant to EU guidelines (paragraph 2.2 of Communication 2014 / C 249/01) or with inadequate prospective cash flows to regularly meet planned obligations (state of difficulty not pursuant to paragraph 2.2 of Communication 2014 / C 249/01);
    • companies that meet at least one of the following conditions: owners of historical brands of national interest; joint stock companies with a number of employees exceeding 250 (consolidated figure including temporary workers, apprentices and workers with part-time employment contracts, employed in local units located throughout the country); hold assets and relationships of strategic importance for the national interest, regardless of the number of employees.
  • Who manages the scheme? National Agency for Inward Investment and Economic Development – Invitalia.

 

Development contracts

Incentive mechanism designed to support large-scale manufacturing, strategic and innovative investment programmes.

  • Who is eligible? Italian or foreign companies of any size (in accordance with the EU regulations applicable at the time).
  • Who manages the scheme? National Agency for Inward Investment and Economic Development – Invitalia, which operates under the instructions and control of the Ministry of Economic Development.

 

DM 2 agosto 2019 – Intervento a sostegno dei progetti di ricerca e sviluppo nei settori applicativi ‘Fabbrica intelligente’, ‘Agrifood’, ‘Scienze della vita’ e ‘Calcolo ad alte prestazioni [Ministerial Decree of 2 August 2019 – Support measure for research and development projects in the following areas: ‘Smart factory’, ‘Agrifood’, ‘Life sciences’ and ‘High-performance computing’]

Financial support for research and development (R&D) projects in the following areas of the national smart specialisation strategy: the ‘Smart factory’, ‘Agrifood’, ‘Life sciences’ and ‘High-performance computing’.

  • Who is eligible? Companies of any size involved in industrial, agro-industrial, craft and industrial service activities and research centres.
  • Who manages the scheme? Mediocredito Centrale SpA.

 

DM 11 giugno 2020 - Research and development projects for the circular economy

Intervention by the “Fund for Sustainable Growth” for research and development projects in the circular economy to support research, development and testing of innovative solutions for the efficient and sustainable use of resources, with the aim of promoting the conversion of production activities towards a circular economy model in which the value of products, materials and resources is maintained for as long as possible, and the production of waste is reduced to a minimum.

  • who can participate: Companies of any size that carry out industrial, agro-industrial, artisan, industrial services and research centers, which submit projects individually or jointly.
  • who is responsible for managing the programs: National Agency for Investment Attraction and Business Development S.p.A. - Invitalia.

 

DM 1 luglio 2020: ECSEL JU: joint technology initiative in the electronics sector

Industrial research and experimental development projects of Italian companies selected in the calls issued by the institutions of the European Union

  • who can participate: Companies of any size that carry out industrial, agro-industrial, artisan, service to industry activities and research centers.
  • who is responsible for managing the programs: Ministry of Economic Development with the technical assistance of the National Agency for the Attraction of Investments and Business Development S.p.A. - Invitalia.
  • How to apply: By following the instructions on the page dedicated to ECSEL JU

 

Revitalisation of areas affected by industrial decline (Law 181/89)

Measure aimed at reviving industry, protecting jobs and supporting investment programmes and business development in areas affected by industrial and sectoral decline.

  • Who is eligible? Businesses set up in the form of limited companies, cooperatives and consortia. Business networks that have adopted the network agreement model are also eligible.
  • • Who manages the schemes? National Agency for Inward Investment and Economic Development – Invitalia.

 

Smart & Start

Smart&Start Italia is a facilitation tool established by decree of the Minister of Economic  Development of 24 September 2014 and subsequent amendments and additions, to promote, throughout the national territory, the conditions for the spread of new entrepreneurship and support policies for technology transfer and economic exploitation of the results of the public and private research system.

Who is eligible? Innovative startups of small size, located throughout the national territory and consisting of no more than 60 months on the date of submission of the application. Can also apply for a facility the natural persons wishing to set up an innovative startup. In this case, the formation of the company must take place within 30 days from the communication of admission to the facilities. Foreign companies that undertake to establish at least one operation headquartes in Italy can also obtain the facilities.

  • Who manages the scheme? National Agency for Inward Investment and Economic Development – Invitalia.

 

New zero-rate businesses

This measure aims to support, throughout Italy, the creation and development of micro and small enterprises with a prevalent or total youth or female participation.

  • Who is eligible? Micro and small enterprises consisting of no more 60 months on the date of submission of the application for a facility on which the company by young people between the ages of 18 and 35 or women of all ages.Natural person wishing to set up a new business may also have as long they send the documentation necessary to prove that it has been established within the time limits indicated in the notice of a admission to the facilities.
  • Who manages the scheme? National Agency for Inward Investment and Economic Development – Invitalia.

 

Innovative machinery

Measure aimed at supporting the implementation, in the Basilicata, Calabria, Campania, Apulia and Sicily regions, of investment programmes aimed enabling technological and digital transformation of the enterprises that is to facilitate the transition of the manufacturing sector towards the paradigm of the circular economy.

  • Who is eligible? Micro, small and medium-sized enterprises, business networks and self-employed professionals registered with professional bodies or members of professional bodies on the list held by the Ministry of Economic Development. Companies, up to a maximum of six parties, which are members of a network contract may benefit from the assistance.
  • Who manages the scheme? Ministry of Economic Development with technical support from the National Agency for Inward Investment and Economic Development – Invitalia.

 

Digital Transformation

Facilitation to support the technological and digital transformation of the production processes of micro, small and medium-sized enterprises through the implementation of projects aimed at implementing the enabling technologies identified in the National Enterprise Plan 4.0 as well as other technologies related to digital supply chain technology solutions.

  • Who is eligible? PMI which, on the date of submission of the application, operate predominantly or primarily in the manufacturing sector may benefit from the facilities and/or in that of direct services to manufacturing enterprises and/or in the tourism sector and/or in the commercial sector.
  • Who manages the scheme? Ministry of Economic Development with technical support from the Agenzia nazionale per l’attrazione degli investimenti e lo sviluppo d’impresa SpA [National Agency for Inward Investment and Economic Development] – Invitalia.

 

3I voucher

Measure aimed at supporting the innovative and competitive capacity of start-ups by financing the consulting services needed to promote and protect their innovation processes in Italy and abroad using industrial patents.

Who is eligible? Innovative start-ups.

Who manages the scheme? National Agency for Inward Investment and Economic Development – Invitalia.

How to apply You may only apply online via the Invitalia website. VOUCHER 3I - Presenta la domanda [3I VOUCHER – Apply]

 

SME equity fund

Measure aimed at companies that decide to invest in their relaunch. The fund operates through the purchase of bonds or debt securities issued by companies that have made a capital increase of at least 250,000 euros.

Who is eligible? SMEs with the legal form of joint stock company, limited partnership limited by shares, limited liability company (also simplified), cooperative companies, European companies and European cooperative companies with registered office in Italy. Companies or cooperatives operating in the banking, financial and insurance sectors are excluded.

Who manages the scheme? National Agency for Inward Investment and Economic Development – Invitalia.

How to apply You may only apply online via the Invitalia website. Fondo Patrimonio PMI - presenta la domanda [SME equity fund – Apply]

 

Relevant legislation

  • Marcora Law (Law 49/85)
  • Legge 662/1996 [Law 662/1996], Article 2(100)(a) – Measures to rationalise public finances, guarantee fund for small and medium-sized enterprises.

 

Help us improve

Go to Your Europe website (open new tab)



Was this page helpful?

Yes NO