Information communicated by Member States regarding State aid granted under Commission Regulation (EC) No 70/2001 on the application of Articles 87 and 88 of the EC Treaty to State aid to small and medium-sized enterprises
Date: 2007-08-15
Institutions: European Commission
Subjects: Italy, State aid, aid to undertakings, control of State aid, investment aid, small and medium-sized enterprises

C 190/4

EN

Official Journal of the European Union

15.8.2007

Information communicated by Member States regarding State aid granted under Commission Regu-
lation (EC) No 70/2001 on the application of Articles 87 and 88 of the EC Treaty to State aid to
small and medium-sized enterprises

(2007/C 190/03)

XA Number

XA 7022/07

Member State

Italy

Region

Piedmont

Title of aid scheme or name of
company receiving an individual aid
award

Fondo di rotazione per la promozione e lo sviluppo della cooperazione —
Foncooper — in relazione alle iniziative nella Regione Piemonte

Legal basis

— Titolo I della legge 27 febbraio 1985 n. 49, modificata con legge 5 marzo

2001 n. 57, art. 12 (G.U. n. 66 del 20 marzo 2001)

— Direttiva del ministero dell'Industria, del commercio e dell'artigianato (ora
ministero dello Sviluppo economico) del 9 maggio 2001 (G.U. n. 171 del
25 luglio 2001)

— Deliberazione regionale n. 73-14507 del 29.12.2004

Annual expenditure planned under
the scheme or overall amount of indi-
vidual aid granted to the company

Aid scheme: overall annual amount of EUR 8 million

Maximum aid intensity

In accordance with Regulation (EC) No 70/2001, the aid intensity may not
exceed 7,5 % or 15 %, depending on the size of the business.
Where the investment takes place in areas that qualify for regional aid, the aid
intensity must not exceed the ceiling for regional investment aid laid down in
the map approved by the Commission for each Member State by more than the
percentages applicable under Article 4(3) of Regulation (EC) No 70/2001.
For investment in the processing and marketing of agricultural products, the
maximum aid intensity may not exceed:
— 50 % of eligible investments in regions eligible under Article 87(3)(a) of the

EC Treaty,

— 40 % of eligible costs in other regions

Date of implementation

Date of submission of this summary

Duration of scheme or individual aid
award granted

31 December 2008

Objective of the aid

Aid to cooperative SMEs for investment projects in tangible fixed assets, to be
implemented after the request for funding is submitted.
Eligible expenditure (net of VAT) to purchase land and buildings, carry out
building works and to purchase, modernise and restructure machinery, equip-
ment and facilities

Economic sectors concerned

All sectors eligible for aid to SMEs in accordance with Article 1 of Regulation
(EC) No 70/2001, as amended by Regulation (EC) No 364/2004 and Regulation
(EC) No 1857/2006

15.8.2007

EN

Official Journal of the European Union

C 190/5

Name and address of
authority

the granting

Other information

‘Regione Piemonte — Direzione Formazione professionale e lavoro — Settore
Sviluppo dell'imprenditorialità’
Via Magenta, 12
I-10128 Torino
Decision-making body:
‘Comitato di gestione Foncooper — Regione Piemonte’ (Foncooper Management
Committee — Piedmont Region), in accordance with the agreement concluded
on 26 June 2000 between the Ministry of Industry, Trade and Crafts (now the
Ministry of Economic Development) and Coopercredito SpA (now Banca
Nazionale del Lavoro SpA, Via Veneto 119, I-00187 Roma) and the addendums
adopted on 3 May 2002 between the Piedmont Region and Coopercredito SpA
(now Banca Nazionale del Lavoro SpA) and on 15 November 2005 between the
Piedmont Region and Banca Nazionale del Lavoro SpA

Individual finance projects may not exceed EUR 2 million or 70 % of the eligible
investment.
The aid granted is the difference between the repayments at market rates and the
repayments at the subsidised rate applicable under the scheme