G/SCM/N/401/EU/Add.15  
 
29 August 2023  
(23-5803) Page: 1/10 
Committee on Subsidies and Countervailing Measures  Original: English  
 
SUBSIDIES  
NEW AND FULL NOTIFICATION PURSUANT TO ARTICLE XVI:1  
OF THE GATT 1994 AND ARTICLE 25 OF THE AGREEMENT  
ON SUBSIDIES AND COUNTERVAILING MEASURES  
EUROPEAN UNION 
Addendum  
The following addendum to the notification of the European Union dated and received on 
14 July 2023 relates to the subsidy programmes of Italy . 
 
_______________  
 
Contents  
1   MINISTRY OF ENTERPRISE AND MADE IN ITALY  ................................ .........................  2 
1.1   EXTRAORDINARY INTERVENTION IN THE SOUTH OF ITALY  ................................ ...............  2 
1.2   NUOVA SABATINI  ................................ ................................ ................................ ........  2 
1.3   CONTRATTI DI SVILUPPO  ................................ ................................ .............................  4 
2   SIMEST  ................................ ................................ ................................ ........................  5 
2.1   "FONDO 394/81" – SOFT LOANS AND DIRECT GRANTS FOR THE  
INTERNATIONALIZATION OF ITALIAN BUSINESSES, IN VIEW OF THEIR PROM OTION AND  
FUTURE DEVELOPMENT IN FOREIGN MARKETS ESTABLISHMENT  ................................ ..............  5 
2.2   DIRECT GRANTS SUPPORTING TH E UNCOVERED FIXED COSTS OF THE ITALIAN  
TRADE FAIR SYSTEM  ................................ ................................ ................................ .......... 10 
 
  G/SCM/N/401/EU/Add.15  
 
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  1  MINISTRY OF ENTERPRISE AND MADE IN ITALY  
1.1  EXTRAORDINARY INTERVENTION IN THE SOUTH OF ITALY  
1. Background and authority for the subsidy  
Law No. 488/92 – Law-Decree No. 415/92, Art. 1, section 2,  converted with modifications into 
Law No. 488/92 (re -financing of Law No. 64/86), concerning extraordinary intervention in the South 
of Italy. The law is no longer in force since 2012.  
2. Form of the subsi dy 
Grant.  
3. Subsidy per unit or, in case this is not possible, the global amount of subsidies distributed in 
2021 and 2022, related to the industry sector:  
Year 2021:  EUR 3,690,499.96 . 
Year 2022:  EUR 2,570,463.41 . 
4. Policy objective and/or purpose of the subsidy  
The main policy target is about providing subsidies for entrepreneurial activities in economically 
disadvantaged areas. Law 488 offers incentives for the implementation of a new productive unit, for 
expansion, modernization, restructuring, conversi on or re -activation of an existing unit or for its 
transfer.  
5. Duration of the subsidy  
The measure is no longer in force since 2012 and so it is effective just for residual subsidies 
distribution.  
6. Statistical data permitting an assessment of the trade effec ts of the subsidy  
Not relevant: the measure has no impact on trade and has been authorized by the European 
Commission. Therefore, statistical data would not lead to any assessment of trade -effects of the 
subsidy . 
7. To whom and how the subsidy is provided  
All national and foreign firms can potentially benefit from the subsidy.  
(A) Beneficiaries are extractive and manufacturing enterprises and related service companies.  
(B) Contributions fulfill the EU Regulation amount limits provided for the disadvantaged areas 
and are assigned every four months.  
The Initiatives must be part of an operational program for each productive unit that is itself 
sufficiently structured to pursue pre-set production, financial and employment goals.  
1.2  NUOVA SABATINI  
1. Title of the subsidy programme  
"Nuova Sabatini " – Law-Decree No. 69/2013, Art. 2 , converted with modifications into 
Law 9 August  2013, No. 98 – "SME investment aid scheme for purchase of new machinery and 
equipment ".  G/SCM/N/401/EU/Add.15  
 
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  2. Period covered by the notification  
Pursuant to the Commission Regulation (EU) 2020/972, the covered period was extended until 
31 December 2023 following the evaluation deliverables provided to the European Commiss ion in 
accordance with art. 1, par. 2, let. a) of the Commission Regulation (EU) No. 651/2014.  
3. Policy objective and/or purpose of the subsidy  
The interest subsidy scheme is mainly oriented to improve the competitiveness of Italian production 
system by faci litating SMEs access credit for new machineries, plants and equipment investments. 
The specific purpose of the guaranteed subsidy is to reduce SMEs credit crunch and to contrast the 
consistent reduction in the level of investments in fixed capital assets.  
With the Budget Law for 2017, a reinforced subsidy for equipment and machineries classified as 
"4.0" was introduced in addition to "ordinary " investments ( Annexes 6/A and 6/B of the  Ministerial 
provision 6 December 2022, No. 410823) .  
With the Budget Law for 2020, a reinforced subsidy for equipment and machineries "with low 
environmental impact " was introduced in addition to "ordinary " and "4.0" investments ( Annex 6/C 
of the  Ministerial provision 6 December 2022, No. 410823 ). 
4. Background and authority for the subsidy  
The subsidy scheme has been introduced and modified by the following normative acts:  
− Art. 2, Law -Decree 21 June 2013, No. 69;  
− Interministerial Decree 27 November 2013;  
− Ministerial provision (Circolare) 10 February 2014, No. 4567 ( terms and procedure for the 
applications);  
− Ministerial provision (Circolare) 26 March 2014, No. 10677 (further instruction for the 
implementation of the measure);  
− Ministerial provision (Circolare) 24 December 2014, No. 71299 (modifies the Ministerial 
provision 10 February 2014, No. 4567);  
− Art. 1, Law 23 December 2014, No. 190 ( "Legge di stabilità " 2015);  
− Art. 1, par. 53, Law 11 December 2016, No. 232 ( "Legge di bilancio " 2017);  
− Art. 1, par. 32, Law 27 December 2017, No. 205 ( "Legge di bilancio " 2018) ; 
− Art. 1, par. 200, Law 30 December 2018, No. 145 ( "Legge di bilancio 2019 "); 
− Art. 20, Law -Decree 30 April 2019, No. 34 ( "decreto crescita "), converted into Law 
No. 58/2019;  
− Art. 1, par. 226 -229, Law 27 December 2019, No. 160 ("Legge di bilancio 2020 "); 
− Art. 39, par. 1, Law -Decree 16 July 2020, No. 76 ( "decreto semplificazioni "), converted into 
Law No. 120/2020;  
− Art. 60, par. 1, Law -Decree 14 August 2020, No. 104 ( "decreto agosto "), converted into 
Law No. 126/2020;  
− Art. 1, par. 95 -96, Law 30 December 2020, No. 178 ( "Legge di bilancio 2021 "); 
− Art. 11, ter Law -Decree 25 May 2021, No. 73, converted into Law No. 106/2021;  
− Art. 1, par 47 -48, Law 30 dicembre 2021, No. 234  ("Legge di bilancio 2022 "); 
− Interministerial Decree  22 April 2022;  
− Ministerial provision (Circolare) 6 December 2022, No. 410823 (terms and procedure for the 
applications – Nuova Sabatini Green);  
− Art. 1, par. 414 -416, Law 29 December 2022, No. 197  ("Legge di bilancio 2023 ").  
5. Form of the subsidy  
Grant.  
6. To whom and how the subsidy is provided  
Subsidy for all the SMEs works as follows:  
− SMEs submit the application to the bank or to the financial intermediary;  
− the bank or the financial intermediary shall verify the application is formally correct and 
complete. Then the bank transmits the reservation of funds to the Ministry;  G/SCM/N/401/EU/Add.15  
 
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  − in agreement with the Ministry, the bank may grant the loan through the use of CdP (Cassa 
depositi e prestiti S.p.A.) fund or different funds;  
− the bank shall adopt the necessary me asures and sends the documentation to the Ministry;  
− the Ministry shall make decision to grant aid and informs SME and bank or financial 
intermediary;  
− the bank/financial intermediary commits to conclude the contract with undertaking and to 
provide it funding in one lump sum;  
− SME completes its investment within 12 months from the signing of the financing contract 
and it sends to Ministry the request for payment via the computerised system.  
7. Subsidy per unit or, in case this is not possible, the global am ount of subsidies distributed in 
2021 and 2022 : 
Year 2021:  EUR 397,884,167.12. 
Year 2022:  EUR 1,027,030,680.52. 
8. Duration of the subsidy  
Twelve years (2014 -2026) . 
9. Statistical data permitting an assessment of the trade effects of the subsidy  
The grant has no impact on trade and has been authorized by the European Commission. Therefore, 
statistical data would  not lead to  any assessment of trade -effects of the subsidy.  
1.3  CONTRATTI DI SVILUPPO  
1. Title of the subsidy programme  
"Contratti di sviluppo ", Law -Decree 25 June 2008, No. 112 , Art. 43,  converted with modifications 
into Law 6 August 2008 No. 133.  
2. Period covered by the notification  
Pursuant to the Commission Regulation (EU) 2020/972, the covered period was extended until 
31 December 2023 followi ng the evaluation deliverables provided to the European Commission in 
accordance with art. 1, par. 2, let. a) of the Commission Regulation (EU) No. 651/2014.  
3. Policy objective and/or purpose of the subsidy  
The subsidy programme represents one of the most im portant subsidy to support strategic and 
innovative investment projects with a relevant impact on the territory. Subsidy 's purposes are:  
facilitating sectorial requalification, developing production chains and/or specialization poles, 
enhancing the competi tive positioning of traditional sectors and attracting foreign investments.  
4. Background and authority for the subsidy  
Initially introduced by Decree 24 of September 2010, it was reformed in 2014 by the article 3 of 
Law-Decree 21 June 2013, No. 69. This ref orm was implemented by Ministerial Decree 
14 February  2014 that introduced procedural simplifications and extended the measure to projects 
dealing with environment protection. With the following Ministerial Decree 9 December 2014 the 
regulatory framework w as adapted to the new Regulation No. 651/2014.  
The aforementioned Decree was subject to subsequent amendments and additions in order to 
simplify the access procedures and select more strategic programs for the development of the 
territory.  
The sectors involved in the "Contratti di sviluppo " are industrial (including agro -industry), tourism 
and environmental protection.  G/SCM/N/401/EU/Add.15  
 
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  The managing authority of the subsidy is Invitalia S.p.a, the in -house firm of the Ministry of 
Enterprises and Made in Italy . 
5. Form of the subsidy  
The aid can take the form of grant, soft loan and interest subsidy.  
6. To whom and how the subsidy is provided  
All national and foreign firms can potentially benefit from the subsidy. The eligibility criteria concern 
a minimum amount (cut -in) of investment, on the base of the main sector involved. The "Contratti 
di sviluppo " measure must imply one or more investmen t projects and, possibly, R&S&I projects. It 
applies to areas under Regional State Aid Regulation, or in the other areas of the Country, provided 
that the investment projects are presented by SMEs or the program concerns environment 
protection.  
7. Subsidy pe r unit or, in case this is not possible, the global amount of subsidies distributed in 
2021 and 2022 : 
Year 2021:  EUR 256,550,000.00. 
Year 2022:  EUR 223,500,000.00. 
8. Duration of the subsidy  
The subsidized loans have a maximum duration of 14 years.  
9. Statistical data permitting an assessment of the trade effects of the subsidy  
The grant has no impact on trade and has been authorized by the European Commission. Therefore, 
statistical data would not lead to  any assessment of trade -effects of the subsidy.  
2  SIMEST  
2.1  "FONDO 394/81 " – SOFT LOANS AND DIRECT GRANTS FOR THE 
INTERNATIONALIZATION OF ITALIAN BUSINESSES, IN VIEW OF THEIR PROMOTION AND 
FUTURE DEVELOPMENT IN FOREIGN MARKETS ESTABLISHMENT  
1. Title of the subsidy  programme  
Soft loans and direct grants  for the internationalization of Italian businesses, in view of their 
promotion and future development in foreign markets  establishment.  
2. Period covered by the  notification  
2021-2022.  
3. Policy objective and/or purpose of the  subsidy  
Support to Italian companies to increase their competitiveness on international markets.  
a. Programs for entering foreign markets;  
b. carry out prefeasibility and feasibility studies on Italian investments as well as the related 
technical assistance  programmes;  
c. participation to trade fairs and exhibitions;  
d. capitalization of small, medium and mid -capitalization companies ; 
e. development of E -Commerce solutions;  
f. temporary consultancy of professional manager (TEM – Temporary Export Manager) aimed 
at the realization of i nternationalisation projects;  
g. capitalization of the Italian trade fair system;  G/SCM/N/401/EU/Add.15  
 
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  h. support the Italian companies exporting in Ukraine and/or Russian Federation and/or 
Belarus;  
i. support the Italian exporting companies with supplies from Ukraine and/or 
Russian  Federation and/or Belarus;  
j. digital and green transition of Italian companies with international vocation. Measure 
approved under the Italian National Recovery and Resilience Plan – NRRP;  
k. promotion of the internationalization of Italian SMEs in a di gital environment, through the 
development of e -commerce. Measure approved under the Italian National Recovery and 
Resilience Plan – NRRP;  
l. participation to trade fairs and exhibitions. Measure approved under the Italian National 
Recovery and Resilience Pla n – NRRP . 
4. Background and authority for the  subsidy  
− For subsidy under point 3 letters a), b), c), d), e) and f): Loans established by Law 
No. 394/81, art. 2, and subsequent amendments and covered by Law 133/08, art. 6 (2) 
letter a) letter b) and letter c). Loans shall fall within the rules set out in the EU De Minimis  
Regulation. Granting institution: SIMEST S.p.A.;  
− For subsidy under point 3, letter g): Loans from a special section of the Fund 394/81 
established by Decree -law 14 August 2020, No. 104, convert ed, with amendments, by 
Law 13 October 2020, No. 126, Art. 91 paragraphs 1, 2 and 3 and subsequent 
amendments. Granting institution: SIMEST S.p.A.;  
− For subsidy under point 3, letter i): Loans established by art. 5 -ter of Decree -Law 
25 February 2022, No. 14, converted, with amendments, by Law 5 April 2022, No. 28 
and regulated in accordance with Section 2.1 of Temporary Crisis Framework. 
Co-financing of this measure was authorised by Decision of the European Commission a 
C (2022) 5303 fi nal of 19 July 2022. State Aid SA.103464 (2022/N) - Italy TCF: Direct 
grants to companies with commercial relationships in Ukraine, Russia, and Belarus 
affected by the current crisis and subsequent amendments. Granting institution: SIMEST 
S.p.A.;  
− For subsi dy under point 3, letter j): Loans established by art. 29 of Decree -Law 
17 May 2022, No. 50, converted, with amendments, by Law No. 91 of 15 July 2022 and 
regulated in accordance with Section 2.1 of Temporary Crisis Framework. Co -financing 
of this measure was authorised by Decision of the European Commission C (2022) 7008 
final of 28 september 2022. State Aid SA.104242 (2022/N) - Italy TCF: Direct grants to 
companies relying on supply from Ukraine, Russia and Belarus affected by the current 
crisis. Granting  institution: SIMEST S.p.A.;  
− For subsidy under point 3, letters j), k) and l): Loans under measure M1.C2.I5 
("Rifinanziamento e ridefinizione del fondo 394/81 gestito da Simest ") of PNRR from the 
loans section (and the contributions section for co -financin g) of Fund 394/81 established 
by Article 11 of Decree -Law 10 September 2021, No. 121, converted, with amendments, 
by Law 9 November 2021, No. 156. Granting institution: SIMEST S.p.A.  
5. Form of the  subsidy  
Soft loan and connected direct grant . 
6. To whom and how the subsidy is  provided  
a. Beneficiaries are industrial, trading and services companies. SMEs have priority eligibility on 
the funds allocated (70% of funds granted to SMEs). The maximum level of funding is fixed 
at 100% of the total budgeted expenses. The beneficiary shall provide guarantee. The loan 
is paid in two instalments: an advance payment equal to 50% of the sum granted and a final 
settlement. Reimbursement is spread over up to six years: two years maximum of 
pre-amortisation during wh ich only interests are due and four years maximum of capital 
payment due in six -month equal instalments. Interest rate is fixed and equal to 10% of the 
reference rate. The subsidized rate cannot be lower than an annual rate of zero. Can be 
expected up to 4 0% of direct grant under de minimis  regulation or the scheme of the Covid 
Temporary Framework, section 3.1;  
b. Beneficiaries are industrial, trading and services companies. SMEs have priority eligibility on 
the funds allocated. Financing covers up to 100% of the budget proposal. The beneficiary G/SCM/N/401/EU/Add.15  
 
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  shall provide guarantee. The loan is paid in two instalments: an advance payment equal to 
50% of the sum granted and a final settlement. Reimbursement is spread over four years 
maximum: 1 years of pre -amortisation durin g which only interests are due and three years 
of capital payment due in six -month equal instalments. Interest rate is fixed and equal to 
10% of the reference rate. The subsidized rate cannot be lower than an annual rate of zero. 
Can be expected up to 40% of direct grant under de minimis  regulation or the scheme of 
the Covid Temporary Framework, section 3.1;  
c. Beneficiaries are only industrial, trading and services companies. SMEs have priority 
eligibility on the funds allocated (70% of funds granted to SMEs) . Financing cannot exceed 
EUR 150,000.00. The beneficiary shall provide guarantee for the share of financing 
exceeding EBTDA recorded in the last financial statements. The loan is paid in two 
instalments: an advance payment equal to 50% of the sum granted and a final settlement. 
Reimbursement is spread over 4 years maximum: 1 years of pre -amortisation during which 
only interests are due and three years of capital payment due in six -month equal 
instalments. Interest rate is fixed and equal to 10% of the refe rence rate. The subsidized 
rate cannot be lower than an annual rate of zero. Can be expected up to 40% of direct grant 
under de minimis  regulation or the scheme of the Covid Temporary Framework, section 3.1;  
d. Beneficiaries are industrial, trading and servic es companies set up as corporations and with 
a maximum of 1,500 employees. SMEs have priority eligibility on the funds allocated. 
Financing cannot exceed EUR 800,000.00. The beneficiary shall provide guarantee. The loan 
is paid in a single lump -sum instalm ent. Reimbursement is spread over 6 years maximum: 
two years of pre -amortisation  during which only interests are due and four years of capital 
payment due in six -month equal instalments. The loan is granted at the reference rate and 
upon achievement of the objective of the initiative (improve, maintain or exceed a 
benchmark level of c apital strength) repayment takes place in 4 years at subsidized interest 
rate fixed and equal to 10% of the reference rate. The subsidized rate cannot be lower than 
an annual rate of zero. Can be expected up to 40% of direct grant under de minimis  
regulati on or the scheme of the Covid Temporary Framework, section 3.1;  
e. Beneficiaries are only industrial, trading and services companies set up as corporations. 
SMEs have priority eligibility on the funds allocated (70% of funds granted to SMEs). 
Financing cannot  exceed EUR 450,000.00. The maximum level of funding is fixed at 100% 
of the total budgeted expenses. The beneficiary shall provide guarantee. The loan is paid in 
two instalments: an advance payment equal to 50% of the sum granted and a final 
settlement. R eimbursement is spread over up to four years: one year maximum of 
pre-amortisation during which only interests are due and three years maximum of capital 
payment due in six -month equal instalments. Interest rate is fixed and equal to 10% of the 
reference r ate. The subsidized rate cannot be lower than an annual rate of zero. Can be 
expected up to 40% of direct grant under de minimis  regulation or the scheme of the Covid 
Temporary Framework, section 3.1;  
f. Beneficiaries are only industrial, trading and services  companies set up as corporations. 
SMEs have priority eligibility on the funds allocated (70% of funds granted to SMEs). 
Financing cannot exceed EUR 150,000.00. The maximum level of funding is fixed at 100% 
of the total budgeted expenses. The beneficiary s hall provide guarantee. The loan is paid in 
two instalments: an advance payment equal to 50% of the sum granted and a final 
settlement. Reimbursement is spread over up to four years: two years maximum of 
pre amortisation during which only interests are due  and two years maximum of capital 
payment due in six -month equal instalments. Interest rate is fixed and equal to 10% of the 
reference rate. The subsidized rate cannot be lower than an annual rate of zero. Can be 
expected up to 40% of direct grant under de minimis  regulation or the scheme of the Covid 
Temporary Framework, section 3.1;  
g. Beneficiaries are Italian trade fair organizations or companies set up as corporations that 
organize international trade fair events. Financing cannot exceed EUR 10.000.000,00 . The 
beneficiary shall provide guarantee. The loan is paid in a single lump -sum instalment. 
Reimbursement is spread over 6 years maximum: two years of pre -amortisation during 
which only interests are due and four years of capital payment due in six -month equal 
instalments. The loan is granted at the reference rate and upon achievement of the objective 
of the initiative (improve, maintain or exceed a benchmark level of capital strength and 
increases the yearly number of organized events). Repayment takes pl ace in four years at 
subsidized interest rate fixed and equal to 10% of the reference rate. The subsidized rate G/SCM/N/401/EU/Add.15  
 
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  cannot be lower than an annual rate of zero. Can be expected up to 40% of direct grant 
under the scheme of the Covid Temporary Framework, sectio n 3.1;  
h. Beneficiaries are industrial, trading and services exporting companies set up as corporations 
and with a maximum of 1,500 employees, which suffered a contraction of exports from 
Ukraine to Russia and Belarus. SMEs have priority eligibility on the fu nds allocated. Financing 
cannot exceed EUR 1,500,000.00. The beneficiary shall provide guarantee. The loan is paid 
in a single lump -sum instalment. Reimbursement is spread over 6 years maximum: two 
years of pre -amortisation during which only interests are due and four years of capital 
payment due in six -month equal instalments. The loan is granted at the reference rate and 
upon achievement of the objective of the initiative repayment takes place in 4 years at 
subsidized interest rate fixed and equal to 10% of the reference rate. The subsidized rate 
cannot be lower than an annual rate of zero. Can be expected up to 40% of direct grant 
under the scheme of the Temporary Crisis Framework, section 2.1;  
i. Beneficiaries are industrial, trading and services exporting companies set up as corporations 
and with a maximum of 1,500 employees, which export and with supplies from Ukraine 
and/or Russian Federation and/or Belarus. SMEs have priority eligibility on the funds 
allocated. Financing cannot exceed EUR 1,500,000.00. T he beneficiary shall provide 
guarantee. The loan is paid in a single lump -sum instalment. Reimbursement is spread over 
six years maximum: two years of pre -amortisation during which only interests are due and 
four years of capital payment due in six -month e qual instalments. The loan is granted at the 
reference rate and upon achievement of the objective of the initiative repayment takes place 
in four years at subsidized interest rate fixed and equal to 10% of the reference rate. The 
subsidized rate cannot be lower than an annual rate of zero. Can be expected up to 40% of 
direct grant under the scheme of the Temporary Crisis Framework, section 2.1;  
j. Beneficiaries are industrial, trading and services companies whit international vocation set 
up as corporations an d with a maximum of 1,500 employees. SMEs have priority eligibility 
on the funds allocated. Financing cannot exceed EUR 1,000,000.00. The beneficiary shall 
provide guarantee. The loan is paid in two instalments: an advance payment equal to 50% 
of the sum granted and a final settlement. Reimbursement is spread over six years 
maximum: two years of pre -amortisation during which only int erests are due and four years 
of capital payment due in six -month equal instalments. Interest rate is fixed and equal to 
10% of the reference rate. The subsidized rate cannot be lower than an annual rate of zero. 
Can be expected up to 40% of direct grant u nder the scheme of the Covid Temporary 
Framework, section 3.1;  
k. Beneficiaries are only industrial, trading and services companies set up as corporations. 
SMEs have priority eligibility on the funds allocated (70% of funds granted to SMEs). 
Financing cannot exceed EUR 300,000.00. The maximum level of funding is fixed at 100% 
of the total budgeted expenses. The beneficiary shall provide guarantee. The loan is paid in 
two instalments: an advance payment equal to 50% of the sum granted and a final 
settlement. Re imbursement is spread over up to four years: one year maximum of 
pre-amortisation during which only interests are due and three years maximum of capital 
payment due in six -month equal instalments. Interest rate is fixed and equal to 10% of the 
reference ra te. The subsidized rate cannot be lower than an annual rate of zero. Can be 
expected up to 40% of direct grant under the scheme of the Covid Temporary Framework, 
section 3.1;  
l. Beneficiaries are only industrial, trading and services companies. SMEs have prio rity 
eligibility on the funds allocated (70% of funds granted to SMEs). Financing cannot exceed 
EUR 150,000.00. The beneficiary shall provide guarantee for the share of financing 
exceeding EBTDA recorded in the last financial statements. The loan is paid i n 
two instalments: an advance payment equal to 50% of the sum granted and a final 
settlement. Reimbursement is spread over four years maximum: one years of 
pre-amortisation during which only interests are due and three years of capital payment due 
in six-month equal instalments. Interest rate is fixed and equal to 10% of the reference rate. 
The subsidized rate cannot be lower than an annual rate of zero. Can be expected up to 40% 
of direct grant under the scheme of the Covid Temporary Framework, section 3.1 ; 
7. Subsidy  per unit or, in case this is not possible,  the annual  amount  budgeted  for the subsidy  
Year 2021 : EUR 457 million for type a (average amount per unit EUR 754.125,413)  G/SCM/N/401/EU/Add.15  
 
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  EUR 28 million  for type b (average amount per unit EUR 83.582,0896)  
EUR 2.166  million for type c (average amount per unit EUR 499.769,2662)  
EUR 284 million for type d (average amount per unit EUR 54.974,8354)  
EUR 177 million for type e (average amount per unit EUR 161.3 49,1340)  
EUR 31 million for type f (average amount per unit EUR 84.468,6648)  
EUR 151 million for type g (average amount per unit EUR 2.359.375)  
EUR 0 million for type h (average amount per unit EUR 0) 
EUR 0 million for type i  (average amount per unit EUR 0) 
EUR 411 million for type j (average amount per unit EUR 224.835,8862)  
EUR 196 million for type k (average amount per unit EUR 139.402,5604)  
EUR 144 million for type l (average amount per unit EUR 72.800,8088)  
Year 2022: EUR 403 million for type a (average amount per unit EUR  7 88.649,7064)  
EUR  5 million for type b (average amount per unit EUR 75.757,57)  
EUR  6 million for type c (average amount per unit EUR 600.000,00)  
EUR 0,4 million for type d (average amount per unit EUR 57.142,8571)  
EUR 5 million for type e (average amount per unit EUR 131.578,9473)  
EUR 1 million for type f (average amount per unit EUR 62.500,00)  
EUR 0 million for type g (average amount per unit EUR 0) 
EUR 57 million for type h (average amount per unit EUR 548.076,9230)  
EUR 33 million for type i (average amount per unit EUR 647.058,8235)  
EUR 328 million for type j (average amount per unit EUR 298.724,9544)  
EUR 164 million for type k (average amount per unit  EUR 134.206,2193)  
EUR 77 million for type l (average amount per unit EUR 76.086,9565)  
8. Duration of the  subsidy  
No final term is established for subsidy under point 3 letters a), b), c), d), e) and f).  
Subsidy under point 3, letters g) ended on 29 December 2021. 
Subsidy under point 3, letters i) and j) ended on 31 October 2022 . 
Subsidy under point 3, letters k), l) and m) ended on 30 June 2022 . 
9. Statistical data permitting an assessment of the trade effects of the  subsidy  
Not relevant: the measure is not specific and it is notified for the sake of transparency.  G/SCM/N/401/EU/Add.15  
 
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  2.2  DIRECT GRANTS SUPPORTING THE UNCOVERED FIXED COSTS OF THE ITALIAN TRADE 
FAIR SYSTEM  
1. Title of the subsidy  programme  
Direct grant supporting the uncovered fixed costs of the Italian trade fair system.  
2. Period covered by the  notification  
2021.  
3. Policy objective and/or purpose of the  subsidy  
Grants support for the uncovered fixed costs of the Italian trade fair system. The scheme aims at 
responding to the liquidity needs of Italian companies of the trade f air sector – enti fiera and fair 
organizers  whose activities have an international vocation - that have been strongly exposed to the 
negative economic shock caused by the COVID -19 outbreak . 
4. Background and authority for the  subsidy  
Direct grants established by art. 6, paragraph 3 (2), of Decree -Law of 28 October 2020, No. 137, 
converted with amendments into Law of 18 December 2020, No. 176 amending art. 91, 
paragraph  3, of Decree -Law of 14 August 2020, No. 104, converted with amendme nts into Law of 
13 October  2020 No. 126 and regulated in accordance with Section 3.12 of Temporary Covid 
Framework. This measure was authorised by Decision of the European Commission C (2021) 1879 
final of 16  March  2021 - SA. 61294 (2021/N) - Italy Covid -19 Support to undertakings in the trade 
fair sector under section 3.12 of TF. Granting institution: SIMEST S.p.A.  
5. Form of the  subsidy  
Direct grants . 
6. To whom and how the subsidy is  provided  
Beneficiaries are trade fair organizations or companies set up as c orporations that organize 
international trade fair events. The measure consists of a grant that cannot exceed the minimum 
of EUR 10,000,000.00 and the amount of the uncovered fixed costs. The scheme is under the Covid 
Temporary Framework, section 3.12. 
7. Subsidy  per unit or, in case this is not possible,  the annual  amount  budgeted  for the subsidy  
Year 2021: EUR 113 million for type a (average amount per unit EUR 2.260.000) . 
Year 2022: EUR 0 million for type h (average amount per unit EUR 0). 
8. Duration of the  subsidy  
Subsidy ended on 29 December 2021 . 
9. Statistical data permitting an assessment of the trade effects of the  subsidy  
Not relevant: the measure is not specific and it is notified for the sake of transparency.  
 
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