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Startup and Guarantee Fund: the financing exceeds one billion

MoED releases the new report

As at mid 2019 the Italian innovative startups received bank financing worth over 1 billion euros thanks to the support of the Guarantee Fund for small- and middle-sized enterprises. These are the findings of the new edition of the quarterly report prepared by the DG for the Industrial Policy at the MoED, in cooperation with MedioCredito Centrale.
A message reminds that the innovative startups that wish to apply for bank financing may activate the coverage from the Guarantee Fund free of charge, following a simplified procedure. The guarantee covers 80% of the loan and it can amount to 2.5 M per business.
Since the instrument was launched in 2013, there has been 2,858 beneficiary startups, accounting for 4,986 operations (952 companies were granted a loan). In the second quarter of 2019, the startups received new bank loans worth 66 M euros. This amount is in line with the recent trends: in 2017 and 2018 preferential financing of over 260 M euros was granted. As at June 30, 2019 the total was 1,011,157,872 euros.

Energy Morning is an information service on facts and news on the energy industry. As such, the contents of this service do not directly or indirectly reflect the vision and strategy of Snam on the topics covered.

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updated
10 September 2019 - 15:11 CEST