Reinforcing Med Microfinance Network System for Start-ups

Italy Regional Measures – Puglia – NIDI

ObjectiveThe measure supports the birth of new entrepreneurial and self-employed businesses in Puglia.
TargetWho intends to start a new business and has not yet set up the business:
• Companies established for less than 6 months;
• Companies, even if established for more than 6 months, which are configured as:
– Generational change;takeover of a company in crisis or a company confiscated by employees;
– Social cooperatives assignees of confiscated real estate;beneficiaries of the “PIN – Pugliesi Innovativi” measure.  
The new initiatives must fall into one of the following cases:  
• Compagini Giovanili, to be set up in the form of a company, wholly owned by young people between the ages of 18 and 35 on the date of the preliminary application and made up of at least 50% of both the capital and the number of members, by persons who are not: employees of other companies with permanent contracts exceeding 20 hours per week, retirees, owners or directors of other companies;
• Women’s enterprises, both in the form of sole proprietorships and companies, wholly owned by women over the age of 18 and composed for at least 50%, both of the capital and of the number of partners, by subjects who are not: employees of other enterprises with an open-ended contract exceeding 20 hours per week, retirees, owners or directors of other companies;New companies, owned for at least 50% of both the capital and the number of shareholders, by disadvantaged individuals belonging, at the date of submission of the preliminary application, to at least one of the following categories:
a. Young people between the ages of 18 and 35;
b. Women over 18 years of age;
c. Subjects who have not had employment relationships in the last month;
d. People about to lose a job; And. VAT number holders not registered in the register of companies who, in the 12 months prior to submitting the preliminary online application, have issued invoices for a taxable amount of less than 15,000 Euros;
e. Worker members and directors of social cooperatives that are assignees of confiscated real estate;
f. The shareholders and directors of companies, incorporated in the form of a company, who have signed the deed of commitment and regulation of relations within the project financed by the public notice “PIN – Pugliesi Innovativi”.  Tourist Enterprises in possession of the same requisites envisaged for New Enterprises.
Business activities admitted • Manufacturing;
• Construction and building;
• Repair of motor vehicles and motorcycles;
• Guest houses and bed & breakfasts;
• Catering with and without kitchen;
• Information and communication services;
• Professional, scientific and technical activities;
• Travel agencies;
• Support services to companies;
• Instruction;
• Health and non-residential social assistance;
• Artistic, sporting, entertainment and fun activities (lottery, betting and casino activities are excluded);
• Personal service activities;
• E-commerce.
Business activities not admitted – Agriculture, aquaculture and fishing;
– Export;
– Coal industry, shipbuilding;
– Steel industry.
Maximum funding amountFor new businesses and existing businesses because they are beneficiaries of the “PIN – Pugliesi Innovativi” measure, the proposed investment can have a value between €10,000 and €150,000  
For initiatives in continuity with pre-existing companies such as:
– Generational transfer
– Takeover of a company in crisis, takeover of a confiscated company
– Social cooperatives assignee of confiscated real estate, it is possible to envisage investment programs up to € 250,000.00.
Eligible ExpensesThe following investment expenses are eligible for financing: interventions for the restructuring or extraordinary maintenance of motionless goods;new systems, equipment, machinery and furnishingsnon-personalized computer programs.  
For Youth Teams and Women’s Enterprises only, the following are also eligible: development of B2B and B2C platforms, proprietary e-commerce systems and mobile apps, up to a maximum of €5,000.  
Tourism Enterprises must make investments in at least two of the following additional types of sustainable and innovative investment:
• Technological tools connected to the activity and aimed at innovating organizational processes and services for guests;
• Development of platforms and mobile apps, also for the management of electronic booking systems, up to a maximum of €5,000;
• Interventions to improve the accessibility of the structure to people with disabilities;
• Means of sustainable locomotion intended for guests.  

For Tourist Businesses, the costs for building and renovation works (which also include fixtures, electrical, thermo-hydraulic, centralized air conditioning and heating systems, telephone and telematic systems, energy production, swimming pools, prefabricated and removable structures and land development costs) are eligible overall within the limit of 20% of the amount of eligible investment in other assets.  
The management costs that can be financed are:  
• Raw materials, semi-finished products, consumables;
• Leasing of buildings or production equipment rental;
• Utilities: energy, water, heating, telephone and connectivity;
• Premiums for insurance policies;
• Fees and subscriptions for access to databases, for software services, “cloud” services, IT services, housing, Internet domain registration, search engine positioning services, purchase of space for Web Marketing campaigns; website customization services acquired by a company operating in the sector of software production, IT consultancy and related activities;
• Expenses for the purchase of personal and collective protective equipment.  
VAT, planning and promotional expenses, costs of setting up the company (notary, consultant, chamber of commerce expenses), expenses for consultancy and for employees are not eligible.
Facilitated Funding The benefit consists of:
• A grant equal to 50% of the total subsidized investments;
• A repayable loan equal to 50% of the total subsidized investments (reduced to 25% for Youth Teams and Women’s Enterprises);
• For Youth Teams and Women’s Enterprises, aid in the form of repayable assistance equal to 25% of the total investments. 
The benefit, the sum of the grant (repayable fund) and subsidized loan, varies as the value of the investment increases. Discount equal to 100% for investments between 10,000 and 50,000 euros. Discount equal to 90% (100% only for female companies) for investments between 50,000 and 100,000 euros. Discount equal to 80% for investments between 100,000 and 150,000 euros.  
For all subsidized initiatives, the repayable loan is disbursed in the form of a 60-month mortgage (84 months for mortgages over €60,000.00), with a fixed rate of 0.00%.  
In addition to the investment grant, it is envisaged that management costs will be subsidized at 100% up to a maximum of 10,000 euros. This maximum amount applies to each project. An additional contribution of € 5,000.00 is foreseen for the Youth Teams and Women’s Enterprises for IT service expenses. The concessions are provided on a flat rate scheme.
Managing BodyPuglia Sviluppo 
Deadline for SubmissionThere are no deadlines as the measure is over the counter and funding can be requested until the available resources are exhausted.
Modality for submissionThere are no deadlines as the measure is over the counter and funding can be requested until the available resources are exhausted.
SubmissionApplications can be submitted exclusively online, via the web platform: To submit the application, it is necessary to have a SPID identity, a digital signature and a certified mail address (PEC). The application consists of the entrepreneurial project to be completed online and the documentation to be attached, according to the forms on the site.
Evaluation ProcessApplications are evaluated in chronological order. The preliminary procedure also includes a mandatory evaluation interview.
Further Info
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