Description
This is a non-repayable grant under the new ERDF Programme 2021–2027, aimed at supporting the revival of investment appetite amongst established businesses already operating in the market. The aim is to finance tangible and intangible productive investments and consultancy costs, thereby improving business processes and strengthening competitiveness.
Eligible initiatives
To access the grant, the company must submit a project proposal and details of the related expenditure to be incurred. The project submitted must consist of:
- the transformation of an existing production process;
- and/orthe introduction of a new production process in addition to those already in place within the company.
The investment for which the grant is sought must be carried out andlocated within the territory of the Autonomous Province of Trento, and the project must be completedwithin 18 monthsof the date on which the assessing body notifies the company of the decision to award the grant.
Please refer to points 6, 7, 8 and 9 of the Noticefor the assessment criteria, the procedures for granting and disbursing the grant, and the project timetable.
Eligible expenditure
Eligible expenditure includes tangible and intangible investments, as well as consultancy fees. For further information on eligible expenditure (excluding VAT),please refer to Annex 1 of the Notice.
The total eligible expenditure mustexceed 200,000 eurosand be within themaximum limit of 2,500,000 euros.
Grant scheme
The grant that the enterprise may receive is determined on the basis of the project cost, the chosen aid scheme (de minimis scheme orexemption scheme) and with reference to the expenditure deemed eligible. For further information on the grant scheme,please refer to point 4 of the Notice.
From 7 February 2024, the grant under the de minimis scheme is awarded in accordance with the new Regulation 2023/2831. Until 30 June 2024, the grant may be awarded under the previous Regulation 1407/2014, as amended, only if this is more favourable to the applicant in terms of the aid ceiling.
Restrictions
In return for the grant received, the company must also fulfil a number of obligations, including:
- carrying out the approved project, whilst adhering to the deadlines for commencement, completion and reporting;
- not to dispose of, transfer or otherwise divert from their intended purpose the assets for which the financial assistance was granted within the five years following the date of the final payment of the grant to the beneficiary;
Further conditions are set out inAnnexes 5 and 6 of the Call for Applications, which relate to additional obligations on beneficiaries, as well as to the reporting, monitoring and publicity requirements concerning the funded projects.
A summary of the main communication requirements applicable to beneficiaries of the 2021–2027 ERDF Programme calls for proposals can be found at the following link.