Local and foreign Enterprises of all sizes (including networks of enterprises with a maximum of 5 participating enterprises) investing in Italy

• Industrial Investments.
• investments in the processing of agricultural products (TPA), which may include investments for the creation, renovation and expansion of suitable structures for accommodation and hospitality.
• investments in Environmental Protection.
• investments in tourism, which may also include Business Development programs, within the 20 percent of the total amount of the investment.
• investments in research and development (only if related and functional to investments aiming the Industrial and Environmental Protection).

The special FAST TRACK procedure allows to skip the ordinary protocol and get shorter processing times, ad hoc financial resources and possibly the involvement of local governments for co-funding.
Programs whose total amount exceeds €50MLN are eligible to this procedure.
> In addition, the program must highlight a peculiar strategic relevance in relation to the local context and the production system involved.
For this purpose it is evaluated:

• the Existence of at least three of the requirements to get access to the ordinary procedure

Or alternatively:

• The significant environmental impact (only in the case of investments in Environmental Protection)

Or alternatively:

• The implementation of the development program in joint form through the use of the network contract tool.

When related to investments in the processing of agricultural products, the capability of the program to bring positive effects or synergies with regional and/or national direct and extended supply chain systems is also required.

a. Purchase of the industry ground and its setup (up to 10 percent of eligible costs).
b. Building works and related, including the purchase of the building (up to 40 percent of eligible investments for an industrial development program, up to 70 percent for the tourism industry).
c. Enterprise specific infrastructures.
d. Machinery, plants and equipment, brand new.
e. Computer programs, patents, licenses, know-how and unpatented technical knowledges.
f. Project-related consultancy (for SMEs only) to the maximum extent of 4 percent (engineering designs, construction management, statutory testing, economic-financial feasibility study and environmental impact assessment studies, quality and environmental certifications). Consultancy is also eligible for large enterprises only for development programs for processing and trading of agricultural products (TPA).

Expenditures are eligible when incurred after the application is submitted.
The enterprise has an obligation to keep the subsidized assets for 3 years (SME) and 5 years (LARGE ENTERPRISE).

The Development programs may also provide for the implementation of infrastructure works, both tangible and intangible, which have to be functional to the purposes of the development programs. The charges for those works, including design costs, are fully paid by public resources.

the subsidies are granted as following, including in combination with each other:

• Non-repayable grant for equipment
• Non-repayable grant to expenditure (for research and development and consulting costs)
• soft-loans
• subsidy on Interest

The use of the different grants and their combination are defined during negotiation

The soft loan is granted up to 75 percent of the eligible costs.
The enterprise may also choose to apply only for the non-repayable grant.

CONDITIONS OF THE SOFT-LOAN
Duration: max. 10 years + grace period related to the project duration (max. 4 years)
REFUND: semi-annual instalments June 30 and December 31
grace period: refund only of the interest amount related to the loan provided
Warranties: mortgage, bank and/or insurance in the limit of the principal amount of the loan.
Rate: the subsidized loan rate corresponds to the 20 percent of the current rate on the date the subsidies are granted.

the grants are supplied upon submission of work progress facing receipted expenditure titles with a maximum of 5 work progresses.
Each work progress must cover at least the 20 percent of the eligible costs.
The supply occurs within 30 days from the application (and from the date the full documentation is sent), if it refers to intermediate work progress, within 120 days if it concerns the last work progress.

However, it is possible to apply for a 40 percent anticipation of the subsidy by submitting appropriate bank/insurance guarantee related only to the non-repayable grant. In this case, the enterprise must submit the first work progress within six months. If no anticipation is requested, there is no time requirement for submitting the first work progress.

Whenever it is necessary to obtain provisions or authorization acts by other public administrations, which are preparatory to start, where the involvement of several central public or local administrations is needed,
the Ministry shall hold a service conference according to Article 14, Paragraph 2, of Law No. 7 August 1990. 241, and following amendments, inviting the other administrations involved in the implementation of the development program.
Following the outcomes of the service conference and in any case after the deadline set forth in Article 14-bis, paragraph 3, of Law No. 14 of August 7, 1990, and following amendments, the Ministry shall adopt a measure for approving the investment program, which shall completely replace any authorization, concession, clearance, understanding, agreement or act of assent necessary for the starting of the development program,
in behalf of the administrations participating, or otherwise invited to participate but found to be absent, in the aforementioned conference.