Revolving Fund for tourism businesses: who is entitled to it and how it works

The Revolving Fund for Tourism Businesses is a special section of the Revolving Fund for Innovation (FRI) to facilitate access to credit for small and medium-sized enterprises and support medium-sized investments in the tourism sector.

The objective of the measure is to finance accommodation facilities engaged in energy efficiency upgrades, anti-seismic improvements, and digitalization.To improve the quality of Italian hospitality services in relation to international standards by strengthening accommodation facilities and supporting new investments in the exhibition sector, according to principles of environmental sustainability and digitalization, in order to attract new tourist flows on both a national and international scale.

Who is eligible for the Revolving Fund for Tourism Businesses?

The measure is aimed at managers and owners of accommodation businesses such as:

• Hotel businesses;
• Farm holiday businesses;
• Businesses managing open-air accommodation facilities;
• Businesses in the tourism, recreational, exhibition, and congress sector, including beach resorts, spa complexes, tourist ports, theme parks including water and wildlife parks.

What are the eligible expenses for the Revolving Fund for Tourism Businesses?

Investment Programs that include interventions for:

• energy efficiency upgrades and anti-seismic improvements for structures
• elimination of architectural barriers
• building interventions functional to the realization of the interventions listed above
• construction of thermal pools and purchase of equipment and apparatus for thermal activities
• digitalization
• purchase/renewal of furnishings
• interventions concerning spa centers, tourist ports, theme parks, including water and wildlife parks.

What are the incentives?

The incentives are structured as a direct contribution to expenses and a subsidized loan, granted considering the size of the company and the location of individual local units.

• The direct contribution to expensesis granted for a maximum of 35% based on the eligible amounts of expenses;
• Thesubsidized loanis granted at a fixed rate of 0.50% with a minimum duration of 4 years and a maximum of 15 years, including 3 years of pre-amortization;
• The subsidized loan is associated with a bank loan at a market rate of equal amount and duration, disbursed by the financing Bank.

When does the Revolving Fund for Tourism Businesses expire?

Investment Programs must be completed by and no later than December 31, 2025.

Pubblicato in TravelNews