Title II Chapter 6 - Working Capitol (LIFT PLUS

The submission of applications was suspended on January 8, 2021 due to exhaustion of resources.

The intervention provides support to companies in the tourism and hospitality sector to address the liquidity shortages caused by the Covid-19 health emergency. It is directed to micro, small and medium-sized enterprises operating in the tourism sector and is aimed at activating new finance to be allocated to immediate needs for the resumption of economic activities following the shutdown imposed by the emergency. Only loans approved after the entry into force of Law Decree no. 23 of 8 April 2020 will be considered valid. 

The aid will be disbursed in the form of a direct grant equal to 20% of the amount of a new loan granted by an accredited lender. This aid will reach 30% for those companies that take the commitment to ensure the 2019 employment levels (in terms of annual work units) also in 2022.

The amount of each individual financing operation, on which the direct grant will be calculated, must not be lower than € 30,000.00 nor higher than € 2,000,000.00, regardless of the total amount of the loan granted, which may also exceed € 2,000,000.00. The loan will have a minimum duration of 24 months and at least 12 months of pre-amortization.

Applications must be submitted to a Confidi (collective guarantee consortium of credit lines) or to an accredited bank, which, after the appropriate checks, will grant the loan and then send the request for admission to the facilities.

The aid under Title II Chapter 6 Working Capital (Lift Plus) can be combined with other emergency instruments provided by the European Commission. For more info, see the Public Notice here