<<

INVEST IN PIEMONTE

Incentive Program for Foreign Investments

Gianfranco Di Salvo

<< Piemonte Region offers a wide range of tools to support the activity and the development of foreign companies in the Region.

Specific calls are dedicated to support:

The support to local development

Research and development

Export

Investment attraction

Energy and environment

Development

Start up

<< Investment attracion: Regional Investment Contract Piemonte is the only Region, in Italy, that offers a specific Incentive Program

dedicated to foreign investors, in order to support every stage of starting up and developing a new business in the Region. It is called “Regional Investment Contract”

What is the Regional Investment Contract? It is an opportunity for foreign investors to be assisted, supported and granted in

Piemonte It is a real contract signed by the Regional Government and the Investor that

provides guarantees for the investment It is totally managed by Local Authorities, that can provide solutions through a direct

negotiation It is a process driven by the Regional Government and shared with all the public

and private Entities that are strategic for the investment (Universities, Companies, R&D Centers, Municipalities, Local Authorites, etc)

It is the right way for the company to get guarantees on:

TIMING & FUNDING

<< Timing and Funding

Bureaucracy simplification (set up the company, select HR, apply for grant, etc)

Fixed and quick timing for authorizations (Building, certifications, environment, etc..)

Single reference point, negotiation, Public authorities’ commitment

Assistance to development (Expansion, fund raising, connection with local companies/research, etc..)

Non repayable grant on fixed assets for SMALL PROJECTS (from €60.000 up to €200.000)

Non repayable grant on R&D expenses for LARGE COMPANIES (from €450.000 to €2.600.000)

Combination of grants from the

Regional Aid Framework

TIMING & FUNDING

<< How can Piemonte provide Timing & Funding?

Supporting the Company in drawing the project’s guidelines, in order to define an eligible project

Linking the Company directly to the Public Authorities to define

strategic aspects (e.g.: employment impact, real estate impact, environment, etc..)

Pushing Universities, R&D Centres and local companies in

cooperating with the investor, supporting them with financial resources

Supporting the Company to develop the project and to realize the

whole investment

<< Who can apply for the R.I.C.?

Recipients

– Foreign Companies wishing to locate a new branch in Piemonte

– Branches of Foreign Large

Companies wishing to expand in the region

Eligible Sectors – Production of goods and services,

renewable energy, R&D

<< Funding

Production facility

Fixed assets

LARGE INVESTMENT

New employment : min + 15 H.R.

Land/Building (purchasing) Building renovation Machinery / Equipment Plants Software

10% non-repayble grant

R&D Center

R&D expenses Labour cost for R&D Advisory and patents for R&D Consumables for R&D Equipment depreciation General expenses

Min. 2 €/Mio Within 36 months

25% - 40%(*)

non-repayble grant (*) Depending if involving

Local Universities or SMEs (+15%)

Min. 2 €/Mio Within 36 months

ALL THE REGION (including TURIN area)

FEW AREAS (excludingTURIN area)

Expenses: Min. 2 €/Milion

New employment (H.R.)

Max. grant (€)

New employment (H.R.)

Max. grant (€)

+100 2.600.000 +50 1.500.000 +90 2.400.000 +40 1.200.000 +80 2.200.000 +30 900.000 +70 1.900.000 +20 600.000 +60 1.700.000 +15 450.000

Grant limits linked to new employment (within 36 months)

<< Depending on the kind of project and the type of expenses, the Regional Investment contract can be combined or followed (not for the same costs) by other incentives, dedicated to every local companies:

Possible additional support

Free of charge guarantee for loans (Region)

Low interest loans (BEI)

Non repayble grants

Vouchers

Interests pay-back (Region)

Zero interest loans (Region)

<<

Fund raising

Building permission

Environmental permission

HR recruitment & training

Investment

4 months 8 months 12 months

Preliminary phase

Incentive approval

t0

Site selection Timing: with the backing of Piemonte Agency

Timing: without the backing of Piemonte Agency

Start-up executive project

Evaluation phase

Timing Start-up of the executive project

<< Results

TEXTILE / MECCANICS

AUTOMOTIVE / ENERGY

CHEMISTRY

ENVIRONMENT

ELECTRONICS / FOOD

ENERGY / SERVICES

BIOTECH / CHEMISTRY

15 MEDIUM/LARGE Projects financed 20 SMALL Projects financed

4 Universities cooperating More than 200.000 s.m of facilities

800 €/mio NEW INVESTMENTS 1.600 NEW EMPLOYEES

MORE THAN 28 €/MIO GRANTED TO FOREIGN INVESTORS

<< Next steps...

To be admitted to the R.I.C., the company can deal directly with Finpiemonte, the reference point for the Regional Investment Contract

After the negotiation, the company submits to Finpiemonte a formal application

The formal application results (within 90 days) in a CONTRACT that fixes

obligations for the Regional Governement and the Company, and guarantees the financial and administrative support for the investment

Finpiemonte supports the company to define the project’s details, involving other public entities and potential partners to create favourable conditions for the investment

<< Success cases

CSA Abalioglu: Turkish Textile Company that develops research activities in new textiles, joining a local Company in the Textile District of Biella

AR Metallizing: Belgian company, leader in Europe in the sector of metallizzed papers that acquired a local hi tech comany, growing employment and activity (up to 120 employees).

IPP, first Italian company specialized in large scale and automatic sterilization of surgical equipment for hospitals: new plant, about 50 employees.

C5.6 Technologies: US Company specialized in enzimes for biofuels, that opened a R&D Center cooperating with a Large Local Chemical Group and the local University

A-27: large producer of gourmet dessert, controlled by the Swiss group Emmi Schweiz AG opened in Piemonte one of the largest italian facilities to produce gourmet desserts (more than 200 people)

Matica Electronics: German group, leder in the field of credit card printing, has opened a new R&D Center with more than 30 researchers in the area of Olivetti.

Syntesalloys: related company of a russian player in the field of industrial precious metals. New Production Plant employing more than 70 Human Resource

Magna Electronics: Business Unit of the Austrian group MAGNA: new R&D Center, with 30 researchers

<< Contacts

Gianfranco Di Salvo Agevolazioni e Strumenti Finanziari tel. +39 011 5717834 mob. +39 340 5121836 gianfranco.disalvo@finpiemonte.it