What you need to know about the Lazio Regional Authority Revolving Fund for Small Scale Loans
The Lazio Regional Authority has made a Revolving Fund for Small Scale Loans (Fondo Rotativo per il Piccolo Credito - FRPC) available to small and medium-sized enterprises (SMEs), legally constituted consortia and networks of enterprises, and freelance professionals from all sectors, that have been duly constituted with an office in Lazio for at least 36 months or intend to open one within 36 months.
The objective of the FRPC is to finance energy efficiency investments aimed at reducing energy consumption and climate-changing gas emissions, including the installation of renewable energy generation systems intended for self-consumption only.
NATURE OF THE FINANCING:
The concession consists of a zero-interest loan with the following characteristics.
Amount: minimum € 10,000, maximum € 50,000;
Duration: minimum 12 months, maximum 60 months;
Pre-amortisation: maximum 12 months, if the duration of the loan is greater than or equal to 24 months;
Interest rate: zero;
Repayments: equal deferred monthly instalments.
The total amount of eligible project costs must not be less than € 10,000. The concessionary financing may cover up to 100% of the investment costs.
The loans may be granted for:
- Tangible and intangible investments required to carry out the project, including the purchase, transportation and installation of machinery, systems, equipment, solutions, components and instruments; the development of network infrastructures; construction work for the building’s energy efficiency upgrade;
- Ancillary expenses, up to a limit of 10% of the total eligible costs, for consultancy services, studies and projects;
- Working capital up to a maximum of 30% of the total eligible project costs.
The call for applications shall remain open until the available resources have been exhausted, and expenses are eligible only if they are incurred after the request’s submission date.
To be eligible to apply, the enterprise, consortium or network of enterprises must not be in a state of bankruptcy, compulsory liquidation, voluntary liquidation, dissolution, arrangement with creditors or any other insolvency proceeding as provided for by bankruptcy legislation or any other special laws, with the exception of an arrangement with creditors on a going concern basis; in addition, there must be no procedures underway for the declaration of any of those situations. Furthermore, the entity must have term loans with banks totalling no more than € 100,000, as can be verified by the Bank of Italy’s central credit register (Centrale dei Rischi Banca d’Italia).
ELIGIBLE ENEL X PRODUCTS:
Installation of LED lighting, photovoltaic panels, heat pumps for hot water, condensing boilers, electric heat pumps for climate control.
The content of this page is provided by Enel X Italia S.p.A. (hereinafter, “Enel X Italia”) for information purposes only and has no official significance. Enel X Italia expressly disclaims any liability relating to the accuracy, completeness or adequacy of the aforementioned content. No liability shall be ascribed to Enel X Italia for any direct and/or indirect loss incurred as a result of or connected to the use or to the provision of the information contained on this page. For any specific or detailed information, please consult the official documents issued by the competent authorities.
