News- 8 Ottobre 2021
394 Fund: Green light for the Digital and Ecological Transition of Italian SMEs with an international vocation
In view of the PNRR, the National Recovery and Resilience Plan, SIMEST, a company of the CDP Group, has announced the reopening of the new 394 Fund, i.e., resources, provided by Next Generation EU, entirely in support of the green and digital transition and internationalization of Italian SMEs.
1.2 billion reserved for the digital and green transition of SMEs, with particular focus on small and medium-sized enterprises in the south and with different facilities: low-interest loans and non-repayable fund starting from 25% and up to 40% reserved for SMEs in the South (Abruzzo, Basilicata, Calabria, Campania, Molise, Puglia, Sardinia and Sicily).
The resources of the 394 Fund are intended exclusively for small and medium-sized enterprises (SMEs), which represent the backbone of the Italian economic and productive fabric. A new funding measure that represents a great incentive for projects of ecological and digital transition for our SMEs with international vocation and for the development of electronic commerce of the same in foreign countries (E-commerce), aspects that have now become a priority to be competitive and successful in the market.
As the CEO of SIMEST Mauro Alfonso pointed out
"With the pandemic, digitization and sustainability have established themselves as essential variables of development: thanks to the resources of the PNRR we have been able to revolutionize the operation of our funding for internationalization and help SMEs to invest in the digital transition and ecological a special focus is put on SMEs in the South that will enjoy more facilities. The objective is to help bridge the gap with the rest of the country through the reversal of the phenomena of economic impoverishment".
Funding available from 28 October > Read now
If you need more information and assistance on this great opportunity for SMEs and for the innovation of Made in Italy, contact us!