The scheme supports strategic and innovative programmes of significant size, including attracting inward investment with the aim of boosting Italy’s production structure. The Development Contract promotes programmes in the areas of industry, tourism, and environmental protection.
The Development Contract is applied in the areas covered by regional State aid. In rest of Italy, it is only applied in programmes for environmental protection or investments proposed by small and medium-sized enterprises.
The total minimum investment required is 20 million euro. For businesses that process and sell agricultural products, this is reduced to 7.5 million euro.
The development Programme should be made up of one or more investment projects and any research, development, and innovation projects, which are interconnected and work together. It may also include the construction of public utility infrastructure.
The Development Contract includes the following financial benefits:
- non-repayable grant towards facilities
- non-repayable grant towards expenses
- subsidised financing
- interest subsidy
The incentives depend on the type of project, the location of the initiative, and the size of the company. The incentives are different for environmental projects.
Furthermore, in the framework of the National Recovery and Resilience Plan (NRRP) this scheme has been chosen to implement the following call for proposals: Industry supply chain (automotive; design, fashion and furniture; microelectronics and semiconductors; metal and electromechanics; agroindustry; chemical/pharmaceutics); Renewable (wind and solar) and Batteries; Electric buses production. Deadline: until funds are available.
Contact our Italian PNO Conusultant to learn more about this funding scheme.