In case you have missed it, know that they are operational measures for the development of youth employment in the green economy arranged by Development Decree approved by the Government. The circular that makes them feasible was in fact published in the Official Gazette on 25 January 2013.
In essence, it is a fund that disburses subsidized loans for projects and interventions in the sectors of green economy and in sectors of activity connected with the securing the territory from hydrogeological and seismic risks. Companies, in individual corporate form, already registered in the business register under ordinary accounting can benefit from it.
The Green Economy Fund funds projects in one of the following sectors:
- protection of the territory and prevention of hydrogeological and seismic risk;
research, development and production of second and third generation biofuels;
- research, development and production through biorefineries of chemical intermediate products from biomass and vegetable waste;
- research, development, production and installation of technologies in solar thermal, concentration solar, thermodynamic solar, photovoltaic solar, biomass, biogas and geothermal;
- increase in efficiency in the final uses of energy in the civil, industrial and tertiary sectors, including social housing interventions;
- production processes or enhancement of products, production and organizational processes or services which, compared to the alternatives available, lead to a reduction in pollution and the use of resources over the entire life cycle.
The granting of loans is subject tohiring permanent staff of at least 3 young people aged 35 or under. In the case of recruitment of more than three units, at least one third of the positions are reserved for young graduates with an age not exceeding 28 years.
The Fund is intended exclusively to new investment projects (started no earlier than the date of publication in the OJ) and with a minimum denomination of 1,000,000 euros, reduced to 500,000 euros in the case of projects presented by PMI and ESco (Energy service Company) and to 200,000 euros for projects presented by simplified srl . The factors that contribute to determining the size of the project are:
- expenses for tangible (machinery, plant, equipment) and intangible (patents, computer programs) investments;
- costs for services and consultancy up to a maximum of 15% of the total eligible costs;
- personnel costs attributable for a maximum number of years equal to the duration of the subsidized loan with separate indication of the costs relating to newly hired personnel;
- overheads up to a maximum of 10% of the total value of the project;
- additional costs attributable to the adaptation of the buildings functional to the implementation of the activities envisaged by the project to the anti-seismic legislation.
There maximum percentage that can be financed from the Fund is equal to 60% of the total cost of the eligible expenses for simplified projects other than those presented by PMl, ESCo, Srl; 75% of the total cost of the eligible expenses in the case of simplified projects presented by SMEs, ESCo and Srl.
The characteristics of the loan are: fixed rate; duration not exceeding 72 months; constant installment calculated with the French method; refund by direct debit or other required instrument. ll interest rate applied is equal to 0.50 per cent annually. Applications can be submitted no later than April 26, 2013 by certified electronic mail (PEC)
Read the circular 18.01.2013 published on 25.01.2013
To apply for funding: [email protected]