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Liguria Region announces €14 Million in Funding for Business Energy Efficiency
Genoa,Italy – The Liguria Region is set to launch a new funding initiative in October,designed to bolster energy efficiency and reduce emissions among businesses of all sizes throughout the region. This substantial investment,totaling €14 million,will be distributed through a combination of grants and subsidized loans.
The program, designated as action 2.1.2 under the PR FESR 2021-2027, aims to support Micro, Small, medium, and Large Enterprises in their efforts to improve energy performance and adopt sustainable practices. It focuses on the modernization of properties, plants, and production processes, including the installation of cutting-edge, high-efficiency production lines.
According to Councilor for Energy, Paolo Ripamonti, and Alessio Piana, Director delegated to Economic Development and FESR Programming, this is the third announcement targeting companies investing in energy improvements. The initiative provides financial assistance through non-refundable contributions and favorable loan terms.
Micro,Small,and Medium-sized Enterprises (SMEs) are eligible for coverage of up to 90% of their investment costs. This is broken down into a direct grant of up to 43%, a subsidized loan at a 1.50% interest rate covering up to 45%, and an additional 3% allocated to reducing guarantee costs. Larger enterprises can access subsidized loans covering up to 80% of eligible expenses, with a maximum funding amount of €400,000.
The application process will be conducted through the “online bands” system of Filse, opening for submissions from october 14th to October 23rd. An offline application mode will be available starting September 22nd. Officials caution that the announcement may close earlier than scheduled if funding resources are depleted.
Understanding Energy Efficiency Funding
investing in energy efficiency is not only environmentally responsible but also economically advantageous for businesses. Reduced energy consumption translates to lower operating costs and increased profitability. This initiative from the Liguria Region provides a significant possibility for companies to embrace sustainable practices and enhance their competitiveness.
Businesses considering applying shoudl carefully review the eligibility criteria and prepare a detailed investment plan outlining the proposed energy efficiency improvements and their anticipated impact. seeking expert advice can also be beneficial in navigating the application process and maximizing the potential benefits.
Frequently Asked Questions
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What types of projects are eligible for funding?
Projects focused on improving energy performance, reducing emissions, and modernizing production processes are eligible. This includes upgrades to buildings, plants, and the installation of new, high-efficiency equipment.
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What is the maximum funding amount available for large enterprises?
Large enterprises can receive subsidized loans up to a maximum of €400,000, covering 80% of eligible expenses.
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How can businesses apply for this funding?
Applications must be submitted through the “online bands” system of Filse between October 14th and October 23rd.
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What is the interest rate on the subsidized loans?
The interest rate on subsidized loans for SMEs is 1.50%.
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When dose the application period begin?
The online application period begins on October 14th, with an offline mode available from September 22nd.
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Is there a risk the funding will run out before the application deadline?
Yes,the announcement may close early if funding resources are tired,as resolute by a managerial decree.
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