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Lombardia - Incentives for internationalization - 02/04/2009

Financing in support of Small and Medium Enterprises Lombardy for the creation, through direct investment or joint ventures with foreign firms, the new industrial centers post-sales technical assistance or logistical facilities abroad.
may apply to persons, the date of submission of the following requirements:
a) the qualifications of small and medium size enterprises (excluding micro enterprises);
b) manufacturing activity code ATECO 2007 letter C, except limitations and exclusions under Regulation (EC) No 1998/2006 on aid of minor importance (de minimis);
c) the establishment of the corporate capital;
d) headquartered in Lombardy by at least 2 years;
e) a minimum of 2 years of operation in the field Manufacturing (2007 ATECO letter C) the date of submission demand
the purpose of verifying the requirements of paragraphs d) and e) above shall prevail as resulting in the Commercial Register.

are excluded from financial assistance covered by this provision:
a) undertakings in difficulty within the meaning of Community rules on state aid;
b) firms set up in association (cooperatives and associations);
c) companies "who have received and not subsequently refunded or deposited in an escrow account to aid that is identified as illegal or incompatible by the European Commission, in accordance with DPCM May 23, 2007 (the" Commitment Deggendorf).

investment programs eligible for financial assistance should focus on:
a.la permanent construction of new production facilities abroad,
b.la implementation of new technical assistance centers, after-sales abroad
c.la permanent construction of new logistics facilities to permanent 'foreign transit and international distribution of products,

initiatives can be implemented in direct form (100% of the share capital held by the recipient) or by forming joint ventures with foreign firms (at least 30% of share capital must be held by the recipient).
is not permitted the establishment of joint ventures between subsidiaries and / or affiliates, pursuant to art. 2359 of the Civil Code.
E 'except the eligibility of investment programs that could include export subsidies.
The investment plans should not provide assistance for relocation, that is, when does not involve full or partial divestiture of productive activities, thereby weakening the capacity of the / and home / the operational / and located in Lombardy and in Italy.
will not be allowed investment programs that have a total eligible cost less than € .150.000,00.
The investment programs should be initiated after the date of submission demand and must be completed within 18 months from the granting of assistance.

For investment programs involving the implementation of investments held in direct form are eligible the following types of costs:
a.Acquisto, renovation and construction of real estate abroad to the exclusion of land;
b.Acquisto machines , plant and equipment intended for the setting of production or service center or after-sales logistics permanent
c.Oneri for the registration of industrial property rights (trademarks and patents);
d.Acquisto integrated management systems (maximum of 10% of eligible expenditure under points earlier), including the installation and upgrading of electronic links between firms,
e.Spese for technical and administrative staff employee of the recipient used abroad for the project (with the exception of members who are not employees), travel of these personnel and travel (maximum 10%).

For investment programs involving the implementation of the Joint Venture shall be eligible the following types of costs:
-contribution in cash or in kind (machinery, plant and equipment) as capital of the Joint Venture.

are not eligible for the purchase of capital equipment used although functional the investment.
In the case of contributions in kind contribution of assets is permitted provided that the recipient used the same shall engage in the same process of modernization and renovation of existing systems that do not entail a weakening of the productive capacity of the / home and / the operational / and located in Lombardy and in Italy. The value of assets transferred should be indicated by sworn appraisal by a qualified professional.
will be accepted only expenses incurred after the date of application and until the conclusion of the investment program.
are only eligible expenses incurred and duly receipted directly by the beneficiary (company headquartered in California).

The financial measures are provided within the "de minimis." The aid intensity is expressed in terms of gross grant equivalent is equal to 40% of the eligible costs of the proposed project and is as follows:
a) a portion grants, up to 40% of assistance overall, by way of capital contribution (the "Contribution");
b) a share to redemption, at least 60% of assistance, as funding at a subsidized rate (the "Financing").

The share of the Loan will be governed by the following conditions:
-Length: up to 7 years with a maximum of two pre-redemption;
-Refund: semi-annual installments of principal and interest;
-Interest rate: fixed rate of 0 , 25% every six months;
Guarantee: bank guarantee or insurance of an amount equal to the sum to be paid.


This grant will be in two tranches:
a) the first by anticipation (financing);
b) the second balance (contribution).

Disbursement anticipation will be performed by the operator since the adoption of the decree granting of assistance and following the conclusion of the loan agreement with the beneficiary and after acquisition of the guarantees.
The release of the balance (contribution), will be performed once measures to verify the final report of all expenditure incurred and duly paid. Applications will be educated with
assessment procedure to stop. The investigation conducted by the Manager within 60 days from the date of application in the chronological order of presentation given by the online procedure and until the Fund's resources are exhausted.
the date of publication of this schedule are still available resources.

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