Description
Grants are awarded for the following initiatives:
- the purchase of properties registered with the Land Registry and the associated land.
- construction, provided that the applicant holds ownership or another real right of disposal for at least 10 years from the date of completion of the investment,with the exception of holiday homes.
- the renovation and extension of properties which may result in a building complex different from the previous one;
- purchase of equipment and furnishings
Restrictions
The properties eligible for the scheme must be situated in areas where there are no establishments governed by Provincial Law No. 7 of 15 May 2002 and Provincial Law No. 9 of 14 July 2000 (in the case of holiday homes, only those managed and organised to provide accommodation for guests are eligible)
The properties eligible for the subsidy are subject to a restriction on their use for at least 10 years from the date the business opens.