Temporary Manager

We can consolidate the international competitiveness of your Business helping with the expenses to recruit a Temporary Manager, for the development of technological, digital or ecological innovation projects, supporting the international expansion of your Business on international markets.

What’s new: since 25 July 2024, special conditions to assist Italian businesses in Africa*.

Duration of the financing: 4 years, of which a 2-year grace period

Maximum amount that may be financed: the maximum amount of Subsidised Financing that a Business may apply for is equal to the lesser of:

• 20% of average revenues resulting from the last two Financial Statements;
• €500,000;
• Minimum amount equal to €10,000

Maximum grant: up to 10% of the amount of the Subsidised Loan applied for, and in any case up to a maximum amount of €100,000), which is disbursed as an incentive to Applicants if they meet the requirements indicated in the reference documentation (Operating circular 8/394/2023) available at the bottom of the page.

Plus if you apply for a loan to recruit a Temporary Manager for a development project of your Business in Africa, you can benefit from special conditions, up until 31.12.2025.

View the Contract Proposal template >>. Note: the Contract Proposal will be sent by SIMEST only after approval by the Financial Support Committee; the contract must be signed for acceptance and sent to SIMEST exclusively from the Portal.

 * measure pursuant to Article 10 of Italian Decree Law 89/2024 and subject to its conversion into law

Duration of the financing: 4 years, of which a 2-year grace period

Maximum amount that may be financed: the maximum amount of Subsidised Financing that a Business may apply for is equal to the lesser of:

• 20% of average revenues resulting from the last two Financial Statements;
• €500,000;
• Minimum amount equal to €10,000

Maximum grant: up to 10% of the amount of the Subsidised Loan applied for, and in any case up to a maximum amount of €100,000), which is disbursed as an incentive to Applicants if they meet the requirements indicated in the reference documentation (Operating circular 8/394/2023) available at the bottom of the page.

Plus if you apply for a loan to recruit a Temporary Manager for a development project of your Business in Africa, you can benefit from special conditions, up until 31.12.2025.

View the Contract Proposal template >>. Note: the Contract Proposal will be sent by SIMEST only after approval by the Financial Support Committee; the contract must be signed for acceptance and sent to SIMEST exclusively from the Portal.

 * measure pursuant to Article 10 of Italian Decree Law 89/2024 and subject to its conversion into law

• From 09.00 hours on 25 July 2024, businesses can access the Portal to compile and submit loan applications for the new instrument “Potenziamento dei mercati africani” (“Strengthening African markets”), and for the new conditions dedicated to Africa of the instruments “Inserimento mercati” (“Entry on markets”), “Certificazioni e consulenze” (“Certification and advisory services”), “Fiere ed Eventi” (“Trade fairs and events”), “E-commerce” and “Temporary Manager”.
• From 18.00 hours on 24 July until 09.00 hours on 25 July, the Portal will be offline for updates, in view of the opening, and it will not be possible to use it.
• See how to access the Portal

Compiling the application

• To compile the application, you must (i) attach all necessary documentation, as indicated in the Circular, (ii) give details of the legal representative, (iii) give details of the beneficial owner of the Applicant company, (iv) upload the contract of the dedicated current account, (v) upload the articles of association of the company. All documents must be digitally signed.
• In any case, submitting an application will not entitle the applicant to have the financing approved/granted. Approval/granting is subject to the application being complete, access requirements being met, the successful completion of SIMEST’s application review and the actual availability of financial resources, as well as approval from the Financial Support Committee.