Business Start-up: 30 Million € Call Published

Today the Call to select eligible projects to be funded by the revolving fund to develop Campania SMEs, under the resources of ERDF Regional Operational Programme 2007/2013 for the acceleration of expenditure measures, has been published in the Official Journal of Regione Campania.

The call has been published by Sviluppo Campania spa, in house company of Regione Campania to whom the Directorate General for Economic Development and Production Activities entrusted its management.  

The action aims at promoting the setting up of new businesses in Campania, mainly made of young people under 35 and women, through subsidized interest rate loan to pay back in 7 years with a deferral time of 24 months.

Any business working or that will work in the sectors established by Ateco 2007 codes, excluding limits resulting from current EU regulation, are eligible.

The "Start-up" call has an appropriation of 30 million € and funds investment programmes from a minimum of 25,000 € to 250.000 € to cover 100% of eligible investment programme.

The applications shall be submitted from 29 May 2014 at 10.00 to 30 September 2014 through the online access point available on the websites www.sviluppocampania.it, www.porfesr.regione.campania.it,www.economia.campania.it

It will be possible to register on the above mentioned websites from 29 April 2014 and fill in the requests from 14 May 2014 (click here to register).

Regional Minister for Production Activities of Regione Campania Fulvio Martusciello commented: "Regione Campania backs our production system: from small and medium enterprises to youth, potential entrepreneurs, we invest in revamping our economy. We have released resources up to 30 million € quickly to fund new business plans, especially for young people under 35 and females. We spur on the most vital driving forces of our land, namely the youth with great creativity and business philosophy”.

"This will be fertile ground for the "Start-up" call to stimulate the growth of new businesses, able to trigger a quality local development. The most recent data spread by the start-up observatory of Infocamere emphasises the more and more positive trend concerning the setting up of new businesses in our region. We should go along this road, simplifying the path of Campania entrepreneurs and supporting them through appropriate actions. The “Start-up” call and the initiatives promoted by the Regional Executive Board within the context of the revolving fund and anti-cyclical policies for SMEs, aim at that.

Mr Martusciello concluded: "Now it’s up to our youth, we expect quality projects and a positive spur to make Campania a land with a positive cooperation among traditional SMEs and highly skilled businesses, a winning model that will further enhance competitiveness”.