SELFIEMPLOYMENT | |
Objective | The New SELFIEmployment, active since February 22, 2021, finances the start-up of small business initiatives, promoted by NEET, inactive women and long-term unemployed, through zero-interest loans of up to 50,000 euros, throughout the Italian territory. |
Target | • NEET (Not in Education, Employment or Training) adults who at the time of submitting the application: – have enrolled in the Youth Guarantee program by the age of 29 – are not engaged in other work activities and in study or professional training courses; • Inactive women adult women who at the time of submitting the application do not appear to be employed in other work activities; • Long-term unemployed adults who at the time of submitting the application: – Do not appear to be employed in other work activities; – Have submitted a declaration of availability to work (DID) at least 12 months ahead Inactive women and long; – Term unemployed do not need to be registered with the Youth Guarantee. |
Legal forms admitted | • Individual enterprises / partnerships / cooperatives or social cooperatives composed of a maximum of 9 members: – Established no more than 12 months from the date of submission of the application, provided that they are inactive; – Not yet established, provided that they are established within 90 days of any admission to the facilities. • Professional associations and companies between professionals – Established no more than 12 months from the date of submission of the application, provided that they are inactive; |
Composition of the corporate structure | For partnerships, the legal representative must hold the absolute majority of the company shares (51%) and be NEET / inactive woman / long-term unemployed and meet the eligibility requirements set out in the Notice; for cooperative societies or social cooperatives, the members representing the absolute numerical majority and shareholdings of the cooperative, as well as the President of the cooperative, must be NEETs / inactive women / long-term unemployed and possess the eligibility requirements; for professional associations and for companies between professionals, all members must be NEETs / inactive women / long-term unemployed and meet the eligibility requirements. |
Type of business activity allowed | Production of goods Provision of services to businesses and individuals Tourism Retail also in the form of franchising. |
Business activities NOT allowed | Agriculture, fishing, aquaculture, lotteries, betting and gambling sites. |
Facilitated funding | The spending programs can be of an amount between 5,000 and 50,000 euros. In particular, there are 3 different types of funding: • Microcredit for spending programs between € 5,000.00 and € 25,000.00; • Extended microcredit for spending programs between € 25,000.00 and € 35,000.00; small loans, for spending programs between € 35,000.00 and € 50,000.00. |
Eligible expenses | The following investment costs are eligible: a) Movable assets such as new tools, equipment and machinery; b) Hardware and software; c) Masonry works, within the limit of ten percent (10%) of the amount of expenses referred to in the aforementioned letters a) and b). N.B. The purchase of cars / vehicles strictly functional to the financed activity is also allowed, even used ones. The following management costs are eligible: a) The leasing of real estate and leasing installments; b) Utilities; c) IT, communication and promotion services; d) Insurance premiums; e) Raw materials, consumables, semi-finished and finished products; f) Wages and salaries; g) Non-recoverable VAT. |
Facilities | The benefits cover 100% of the costs and include: a subsidized loan without interest and not backed by any form of collateral and / or signature, with a duration of 7 years repayable in deferred monthly installments. The concessions are provided on a flat rate scheme |
Managing Body | Invitalia as part of the Youth Guarantee Program under the supervision of ANPAL. |
Deadline for submission | Revolving fund (until funds run out) |
Modality for submission | One-stop shop. There are no calls, deadlines or rankings and funding can be requested until the available resources are exhausted. |
Submission | Applications can be sent exclusively online, through the Invitalia 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 business plan to be completed online and the documentation to be attached, according to the forms on the site. |
Evaluation process | Applications are evaluated in chronological order of arrival within 60 days of the submission date. The preliminary investigation also includes an optional evaluation interview to be held online. |
Rewards and credits | Attendance at an accompanying path as referred to in measure 7.1 (Yes I Start Up on the national territory) gives an additional score in the evaluation of the application for funding. |
Further info | https://www.invitalia.it/cosa-facciamo/creiamo-nuove-aziende/nuovo-selfiemployment |