(ANSA) – ROME, MAY 03 – Simest announces that all the resources assigned by the National Recovery and Resilience Plan (Pnrr) to Fondo 394 have been booked by the companies. Therefore, the operational portal closes due to total absorption of the available funds: 1.2 billion euros. This was announced by the company of the Cdp Group for the internationalization of Italian companies, underlining that the phase of receiving applications, which began on October 28th and should have ended on May 10th, ends successfully and in advance. The response from southern companies was very positive, sending requests for financing of approximately 500 million euros, thus higher than the “reserve” of 480 million dedicated to them.
Applications will be examined by the Facilitation Committee in compliance with the chronological order of arrival, the so-called “South Reserve” and according to the financial resources available.
Last year, the PNRR assigned to the 394 Fund, which SIMEST manages in agreement with the Ministry of Foreign Affairs and International Cooperation, 1.2 billion euros of European NextGenerationUe resources to be distributed through subsidized loans (currently 0.051%) and with a non-repayable share of up to 25%.
Particular attention was paid to the South to whose businesses 40% of the resources – 480 million – are reserved and which have access to a non-repayable co-financing share of up to 40%.
There are three lines of financing available to companies since last October 28: Digital and Ecological Transition of small, medium and mid-capitalization companies with an international vocation: participation of SMEs in international fairs and exhibitions, also in Italy, and system missions; development of electronic commerce of SMEs in foreign countries (E-commerce) (ANSA).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
