Simest, a company of the CDP group controlled by Sace, announces a series of innovations on the front of funding for internationalization disbursed through a public fund managed on behalf of the Ministry of Foreign Affairs. From today, companies that apply for credit aimed at accessing and competing on international markets can obtain 50% of the non-repayable sumi.e. no return obligation.
The new facilitation was made possible by the go-ahead recently obtained from the European Commission which extends this advantage until the end of 2020, with a limit of 800 euros in total for the aid component.
The 50% non-repayable measure is the last step in the process of strengthening internationalization loans, which started at the height of the Covid19 pandemic and which envisaged an expansion of Simest tools in terms of resources and radius of action.
In detail, the availability of the fund was quadrupled, the obligation to present guarantees was eliminated for 2020; the maximum amounts have also been raised, while the range of eligible expenses has been extended, as has the number of companies that can access them. Lastly, the operation of loans was also extended to internationalization projects in European Union countries.
