IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

Trade finance

On 20 October 2012, the decree "additional measures for the growth of the country" entered into force. The decree mainly simplifies bureaucratic procedures (via digitalisation) and provides incentives for innovation.
Among others, a start-up fund was created to favour the initiation of international projects of SMEs. The new instrument is created as an equity-participated fund; that is, SMEs are not entitled to any form of loan or insurance on their capital. They can instead request that the fund provides capital via equity participation.
SMEs can only apply to the new instrument, if their head office is in Italy and if they wish to support projects realised outside the EU. The fund provided cannot exceed 49% of the capital share of the sponsored enterprise.

AFFECTED COUNTRIES

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