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Di Stefano: Decreto Rilancio (Relaunch Decree-Law), 400 million for the Integrated Promotion Fund

On the occasion of the publication of the “Relaunch” Decree-Law in the Official Journal, Undersecretary Manlio Di Stefano drew attention to the important news for the support of the internationalization of our companies and the Italy system in general.

“Firstly, we are going to increase by 150 to 400 million euro the funds allocated to the Integrated Promotion Fund. The Fund will be used to finance the promotion of the Italian System abroad through our Embassies, Consulates, Italian Cultural Institutes and ICE Offices,” said Di Stefano.

“A further 200 million euro will be allocated to refinance Simest’s Revolving Fund 394/81; it is an indispensable tool to help our companies expand abroad and to finance their capitalization, participation in trade fairs and exhibitions, feasibility studies, programs to enter non-EU markets; technical assistance programs. Moreover, from today Simest’s funding can be doubled by the Committee in charge of the tax reliefs, exceeding the maximum amounts so far provided for by European regulations; companies can access it, even without bank guarantees, until 31 December 2020”.

“Another important novelty is represented by the 40 million that will be allocated to complete the Bologna Tecnopolo,” continued Di Stefano. “Bologna Tecnolopolo is an excellence-research centre in big-data and meteorology. It has already attracted hundreds of millions of euros in funding from private and public institutions in Europe and abroad. In Europe, it is becoming a leader in the sector with a return on investment of 6 euros per euro invested.

Finally, “we are refinancing with 11 million euros our participation in Expo Dubai 2020, which has been postponed to 2021. The Italian Pavilion will be the great showcase of Made in Italy excellence in the world,” concluded the Undersecretary.

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