Strengthening African Markets (active from July 25, 2024)

We strengthen the international competitiveness of Italian companies with strategic interests on the African continent by supporting their productive and commercial investments, including for digitalization and sustainability, and expenses for training and induction of local staff.

 

 N.B. measure pursuant to article 10 of DL 89/2024 and subject to its conversion into law

Benefits

0,511% Facilitated Rate
10% Non-repayable share
20% Non-repayable portion for enterprises with operational headquarters in the South
6 years Duration of financing
Reserve from 200 mln With 10 percent sub-reserve for youth, women, start-ups/innovative SMEs

To whom it is dedicated

To Italian companies that are permanently present or export or procure in the African continent, or that are permanent suppliers to the aforementioned companies, according to the requirements of Circular 1/394/2024 (Par. 2.2, G)

The facility allows for the financing of expenses aimed at strengthening the capital strength of the company, including in Italy, as well as that of expenses strictly related to the implementation of the investments, including expenses for training African personnel in Italy or Africa, travel, entry and regularization expenses in Italy for recruitment.

How it works

Maximum amount that can be financed: the maximum amount of the Facilitative Intervention that can be requested is equal to the lesser of:

  • 35% of the average revenues resulting from the last two Financial Statements (item A1 of the income statement)
  • € 500,000 for Micro Enterprises; € 2,500,000 for SMEs and innovative start-ups;
  • € 5,000,000 for Other enterprises

Minimum amount equal to € 10,000

Maximum non-repayable amount:

  • up to 20% of the total amount of the Facilitated Intervention requested, up to a maximum of € 200,000.00 and in any case within the limits of the de minimis ceiling available to the company, for companies with at least one operational headquarters established for at least 6 months in a region of Southern Italy.
  • up to 10% of the amount of the Facilitative Intervention requested, up to a maximum of € 100,000.00 and in any case within the limits of the de minimis plafond available to the enterprise, for all other enterprises

Method of operation of the portal for submitting the application for funding

  • From 09:00 a.m. on July 25, 2024, it will be possible to access the Portal for the compilation and submission of applications for funding related to both the new tool “Strengthening African Markets” and the new conditions dedicated to Africa of the tools “Market Placement,” “Certifications and Consulting,” “Fairs and Events,” “E-commerce,” and “Temporary Manager.”
  • From 6 p.m. July 24 until 9 a.m. July 25, the Portal will be offline to allow it to be updated for the opening and no operations will be possible
  • See here the operating procedures for accessing the Portal

Filling out the request

  • For the purpose of filling out the application, it is necessary to (i) attach all the necessary Documentation as per the Circular, (ii) indicate the information of the legal representative, (iii) indicate the information of the beneficial owner of the requesting Enterprise, (iv) upload the contract for opening the dedicated current account, (v) Articles of Association of the enterprise. All documents must be digitally signed.
  • In any case, the submission of the application does not imply the right to the deliberation/grant of the intervention, which remains subject to the completeness of the application, the existence of the access requirements, the successful completion of the SIMEST preliminary investigation and the actual availability of financial resources, as well as the positive deliberation by the Facilities Committee.

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