Circular Economy
Support for productive conversion for better use of resources
WHAT IT IS
“Circular economy” is the incentive that promotes the reconversion of production activities towards an economy model that maintains the value of products, materials and resources, minimising the production of waste.
The measure supports the productive reconversion of the industrial fabric and finances entrepreneurial research and development projects aimed at a more efficient and sustainable use of resources.
The incentive is managed by Invitalia and is promoted by the Ministry of Enterprise and Made in Italy with the Ministerial Decree of 11 June 2020.
The available resources consist of:
- € 100 million for subsidised loans;
- € 40 million for the direct contribution to expenses, gross of the costs for the management of the measure.
WHO IT IS FOR
It is aimed at companies of any size that carry out industrial, agro-industrial, crafts, industrial and research centre service activities, which present projects individually or jointly with each other or with research organisations, indicating the lead partner. Research organisations can participate in projects carried out jointly and benefit from the financial benefits as co-proposers.
Companies, on the date of submission of the application, must meet the following requirements:
- they are duly incorporated, enrolled and active in the Companies Register;
- they are not subject to insolvency proceedings and are not in a state of bankruptcy, liquidation, even voluntary, receivership, arrangement with creditors or any other equivalent situation;
- they are in the ordinary accounting regime and have at least two financial statements approved and filed with the Companies Register or have submitted, in the case of sole proprietorships and partnerships, at least two tax returns;
- they are not among the companies that have received and, subsequently, not reimbursed or deposited in a blocked account, the aid identified by the European Commission as illegal or incompatible;
- they are up to date with the repayment of sums due in relation to measures to revoke the subsidies granted by the Ministry of Enterprises and Made in Italy;
- they are not in such a condition as to be a company experiencing difficulty, as identified in the GBER Regulation.
Research organisations must meet all the requirements listed, except those indicated in point 3.
THE FINANCIAL BENEFITS
The financial benefits are granted in the form of subsidised loans and direct contribution to expenses.
In particular:
- thesubsidised loan covers up to 50% of eligible expenses;
- the direct contribution to expenses covers up to:
- 20% for micro and small companies;
- 15% for medium-sized companies;
- 10% for large companies.
The financial benefits are not cumulative, with reference to the same expenses, with other public concessions, except those obtained in the form of tax benefits and guarantees and, in any case, within the limits of the maximum intensities provided for in the area of State aid.
Incentive or tool status
Active
Opening Date
10/12/2020