Description
This is a non-repayable grant for investments in modernising and upgrading accommodation facilities with the aim of raising quality standards.
Eligible initiatives
Companies may apply for the grant for fixed investments to modernise and upgrade accommodation facilities located in the province, in relation to
- spaces intended or to be used for guest accommodation
- spaces intended or to be intended as common areas for the guest's stay
- the spaces intended or to be intended forsporting, curative, recreational and leisure activities
- new car parks serving the accommodation facility
If the exemption scheme is chosen, the planned initiatives must fulfil one of the following conditions
- an extension of the surfaces/volumes intended for the business activity
- a redevelopment of the operational unit with diversification of the products and services offered through new additional products/services, or a radical transformation of the activity carried out in the operational unit concerned.
Eligible expenses
Eligible expenses include
- real estate investment expenditure: works, installations, technical expenses, purchase of parking spaces or land for parking;
- expenditure on movable investments: furniture, furnishings, equipment, computer hardware and software systems, mobile homes.
Ineligible expenses
Expenditure is not eligible for:
- new accommodation facilities;
- staff rooms.
Eligible expenditure limits
- Minimum eligible expenditure limit: € 30,000.00
- Maximum eligible expenditure limit: € 1,500,000.00
- Limit for the purchase of parking spaces or land for parking: €300,000.00
Contribution measure
The percentage of contribution that the company can obtain is
- under de minimis regime: 30%
- under the exemption regime
- small enterprise: 20%
- medium-sized enterprise: 10%.
The contribution is paid in a single instalment upon completion and reporting of the investment.
Restrictions
Costs
There are no application costs other than the stamp duty.
Obligations
Facilitated investments must
- meet rationality and functionality requirements
- be used exclusively by the beneficiary enterprise to carry out the activities facilitated by the Call for Proposals;
- relate to an operating unit in the province;
- refer to real estate owned by the applicant (for investments exceeding €500,000.00, total application).
Access to the grant entails these obligations for you
- not to dispose of, transfer or in any case remove from their intended use the goods or services for which the grants have been awarded (immovable property worth over €250,000.00: 10 years; immovable property worth less than or equal to €250,000.00: 5 years; movable property worth over €250,000.00: 5 years; movable property worth less than or equal to €250,000.00: 3 years)
- prompt notification of any subjective or objective change relevant to the granting of the facility or to its continuation;
- application to its employees of national and provincial collective contracts and agreements, compliance with labour, social security and assistance laws and with the provisions on the protection of the health and physical integrity of workers;
- redemption of assets covered by leasing contracts.
Cumulation
For the same investment you cannot have benefited from contributions under LP 6/99 or the Bando Qualità in Trentino - settore ricettivo (2020 edition).
Norare shares in a property investment, with a single qualification, for which the applicant has applied or intends to apply under LP 6/99, eligible.
For the same investment, you may benefit from any tax or social security relief, if it does not constitute State aid.