Funding and concessions
Please note! The call for applications for funding and concessions valid for participation in international trade fairs in 2021, including Expo Riva Schuh and Gardabags, has been temporarily suspended.
Until 31st December 2020, italian businesses can benefit from a non-repayable share of funding equal to 50% of the amount requested (under the "Temporary Framework"). This is one of the latest initiatives in terms of internationalisation loans that, since 1991, SIMEST - a company of the CDP Group, has been using to support the growth and competitiveness of Italian companies that also operate abroad, disbursing the Public Fund 394/81 managed on behalf of the Ministry of Foreign Affairs and International Cooperation (MAECI).
Companies that request funding to access and compete within international markets can now obtain half of the requested sum as a non-repayable fund, i.e. without the obligation to repay. This new concession was made possible by the green light recently obtained by the European Commission which extends the timescale of this benefit until the end of 2020, with a limit of 800 thousand euros in total funding aid.
Applications already sent that refer to the 40% non-repayable share of funding remain valid, so therefore, to take advantage of the new conditions, it is necessary to present a new application via the SIMEST Portal. The measure of the non-repayable fund at 50% is only the latest step in a progressive strengthening of the loans for internationalisation tool that started at the height of the Covid19 pandemic, and which provided for an unprecedented expansion of the SIMEST tools, both in terms of resources and range of action.
Through the introduction of subsequent regulatory interventions aimed at relieving the difficult economic situation, the availability of the public fund from which SIMEST draws liquidity to finance companies has been quadrupled. The obligation to present guarantees has been eliminated for 2020, the maximum amounts have been raised, the range of expenses that can be financed has been expanded, the number of companies that can access them has been enlarged and, above all, the operation of loans has also been extended to internationalisation projects in European Union countries.
How do Expo Riva Schuh and Gardabags support their exhibiting companies?
Expo Riva Schuh and Gardabags have activated a collaboration with Euris Srl to facilitate the forwarding of requests for contributions by Italian companies.
How can I find out more about this opportunity?
To ask to be contacted, to receive information on Euris' free online desk and to book an appointment, fill in the pre-access form.
Are you interested in taking part in Expo Riva Schuh and/or Gardabags?
Find out about all the services offered by the fair to support your participation and fill in the form now to register your interest.
Please note: the exhibition space request form is not binding and does not constitute a contract.