Description
This is a non-repayable grant to fund investments in the modernisation and refurbishment of accommodation facilities, with the aim of raising quality standards.
Eligible initiatives
A business may apply for the grant for fixed-asset investments in the modernisation and refurbishment of accommodation facilities located within the province, in relation to:
- spaces used or to be used for guest accommodation
- spaces used or to be used as communal areas for guests
- spaces used or to be usedfor sporting, therapeutic, recreational and leisure activities
- new car parks serving the accommodation facility
If the exemption scheme is chosen, the planned initiatives must meet one of the following conditions:
- an extension of the floor area/volume allocated to business activities;
- a redevelopment of the operational unit involving diversification of the products and services offered through the introduction of new, additional products or services, or a radical transformation of the activity carried out in the operational unit concerned.
Eligible expenditure
Eligible expenditure includes:
- expenditure on property investments: building works, installations, technical costs, and the purchase of car parks or land for car parks;
- expenditure on movable assets: furniture, fittings, equipment, IT hardware and software, and mobile homes.
Ineligible expenses
The following expenses are not eligible:
- new accommodation facilities;
- staff accommodation.
Eligible expenditure limits
- Minimum eligible expenditure limit: €30,000.00
- Maximum eligible expenditure limit: €1,500,000.00
- Limit for the purchase of car parks or land for car parks: €300,000.00
Grant scheme
The percentage of funding that the company can obtain is:
- under the de minimis scheme: 30%
- under the exemption scheme
- small enterprise: 20 per cent
- medium-sized enterprises: 10%
The grant is paid in a single instalment upon completion and reporting of the investment.
Restrictions
Costs
There are no application fees, apart from the revenue stamp.
Requirements
Subsidised investments must:
- meet requirements of rationality and functionality;
- be used exclusively by the beneficiary company for the purposes of the activities subsidised under the Call for Applications;
- relate to an operational unit within the province;
- relate to property owned by the applicant (for investments exceeding €500,000.00, total application amount).
Receiving the grant entails the following obligations for you:
- not to dispose of, transfer or otherwise divert from their intended purpose the assets or services for which the grants have been awarded (property valued at over €250,000.00: 10 years; property valued at €250,000.00 or less: 5 years; movable assets valued at more than €250,000.00: 5 years; movable property with a value of €250,000.00 or less: 3 years);
- prompt notification of any subjective or objective changes relevant to the granting of the concession or to the continuation thereof;
- application of collective agreements and national and provincial agreements to its employees, compliance with legislation on labour, social security and welfare, and with provisions concerning the protection of workers’ health and physical integrity;
- purchase of the assets covered by the leasing contracts.
Cumulation
You may not have received grants in respect of the same investment under Provincial Law 6/99 or under the ‘Quality in Trentino’ Call for Proposals – hospitality sector (2020 edition).
Nor are portions of a property investment, covered by a single planning permission, eligible if the applicant has submitted or intends to submit an application under Provincial Law 6/99.
For the same investment, you may benefit from any tax or social security relief, provided that such relief does not constitute State aid.