Development contract

For significant investments in the industrial, agro-industrial, tourism and environmental protection sectors

Contratto di sviluppo

WHAT IT IS

The development contract is the incentive for Italian and foreign companies that present significant projects in the industrial, agro-industrial, tourism and environmental protection sectors.

The minimum investment required is € 20 million, which is reduced to € 7.5 million for projects for the processing of agricultural products and for tourism projects located in inland areas of the country, or to those involving the recovery of disused structures.

See the table for the minimum size of the investments

For large-scale strategic projects with a significant impact on the production system a “fast track” procedure is envisaged with the signing of a development agreement, which gives priority to the assignment of the funds and has faster evaluation times.

Download the slide presentation of the development contract

WHO IT IS FOR

The development contract is for Italian and foreign companies of any size. The investment programmes can be presented in different ways:

Individual Company
The applying company presents individually, within a single programme, one or more investment projects, closely connected and functional to each other, including any research, development and innovation projects in which several companies or research institutions may participate.

Applying Company with Participating Companies
The applying company is the formal interlocutor towards Invitalia, also on behalf of the participating companies (up to a maximum of 4) and is responsible for the technical and economic compliance of the initiative. The programme consists of investment projects, closely connected and functional to each other, including any research, development and innovation projects in which several companies or research institutions may participate.

Business Network
The development contract can also be submitted, with a maximum number of 5 companies, in joint form with the network contract (Italian Law 33 of 9 April 2009). In this case, the common body, specifically appointed, acts as an agent of the participants in the contract and takes care of all the obligations towards Invitalia.

WHAT IT CAN DO

Investments can be of the industrial, agro-industrial, tourism or environmental protection type.

The programme is composed of one or more investment projects and any research, development and innovation projects, which are closely connected and functional to each other.

For particular industrial policy objectives, funds dedicated to specific purposes, production chains or geographical areas may also be provided.

THE FINANCIAL BENEFITS

The amount of the incentives depends on the type of project, the location of the initiative and the size of the company.

The financial benefits provided are:

  • non-repayable contribution towards production facilities
  • non-repayable contribution towards expenses
  • subsidised financing
  • interest subsidy

To find out more, read the Italian version

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