A total investment of 12 million euros. This is how the Friuli Venezia Giulia Region has decided to grant low-interest loans to support the purchase of land by young farmers, intended for the production of agricultural products. In particular, the financing is guaranteed through the regional agricultural revolving fund with the contribution of the EAFRD for over 4 million, for the implementation of investments aimed at promoting generational renewal in agriculture, the creation of new agricultural enterprises run by young people, and the increase of their average area.
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The measure
It was announced by the Councillor for Agri-food, Forestry and Fisheries Resources Stefano Zannier after the approval by the Regional Council of the call for access to the intervention “SRD16 – FVG Financial Instrument – Agricultural productive investments for the competitiveness of agricultural enterprises” of the Rural Development Complement (Csr) of the Autonomous Region Friuli Venezia Giulia to the PAC Strategic Plan 2023-2027.
The requirements for recipients are: to be registered in the Business Register, and if cooperative enterprises, also registered in the regional register of cooperatives; to fall within the definition of micro, small or medium-sized enterprises; to have at least one active operational unit located in the regional territory for the production of agricultural products; to be in full exercise of their rights, not in voluntary liquidation and/or subject to insolvency procedures or not meeting the conditions provided by national law for the opening of such procedures against them at the request of creditors; not to be an enterprise in difficulty.
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The selection
The selection of the final recipients, loan holders, will take place according to the methods provided by the financial instrument, through counter procedures arranged by the Fund, subject to creditworthiness verification by the affiliated banks.
“The maximum intensity of the aid granted is equal to 65% of eligible expenses – specifies Zannier -. The total amount of aid granted to a single company cannot exceed the amount of 300,000 euros per investment project. The minimum duration of the loans is five years, while the maximum is twenty years.”
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