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NEW SABATINI GREEN

Read all the news for access to investment credit

With the advent of 5.0 and the new investment regulations under this new announcement, the Sabatini law is also being "tinged" with green.

Dated Dec. 11, 2023, the new Directorial Circular No. 50031 provides what is briefly listed below

Circular n. 50031 of Dec. 11, 2023 - Amendments to Circular n. 410823 of Dec. 6, 2022, on the terms and procedures for the submission of applications for the granting and disbursement of grants under the Decree of the Minister of Economic Development in consultation with the Minister of Economy and Finance April 22, 2022 (Capital Goods - New Sabatini), following the entry into force on July 1, 2023, of Commission Regulation (EU) 2023/1315 of June 23, 2023.  

...

Circular n. 410823 dated December 6, 2022 of this Directorate General is amended as follows:  

  1.  point 6.5 is replaced in its entirety by the following: "With reference to enterprises operating in sectors not included among those referred to in points 6.1 and 6.2 above, the investment programs must be attributable, within the limits and under the Page 4 of 4 conditions set forth in the GBER Regulation, to one of the types referred to in Article 17 "Investment aid for SMEs" of the GBER:
    • investment in tangible and intangible assets related to the establishment of a new establishment;
    • expansion of the capacity of an existing establishment;
    • diversification of the production of an establishment to obtain products or services not previously manufactured or supplied in that establishment;
    • substantial change in the overall production process of the product(s) or the overall provision of the service(s) affected by the investment in the establishment;
    • acquisition of assets belonging to an establishment: - that has been closed or would have been closed without such acquisition; - through a transaction that takes place at arm's length; - by a third party that has no relationship with the acquirer.  The mere acquisition of shares in an enterprise is not considered an initial investment. 
  2. annex 1 to Circular No. 410823 of December 6, 2022, as amended by Circular No. 28277 of July 3, 2023, is replaced by Annex 1 to this Circular;  
  3. annex 4 to Circular No. 410823 of December 6, 2022, is amended by Annex 4 to this Circular. 

References and pdf attachments

 Below are useful links to view the articles in full from the Ministry of Enterprise and Made in Italy's portal related to the new Sabatini Green

Article 2 of Decree Law No. 98 of June 21, 2013, provided for the granting of financing to micro, small and medium-sized enterprises by banks and financial intermediaries for investments in, 

  • machinery, 
  • equipment, 
  • business capital goods, 
  • hardware, 
  • software
  • digital technologies

as well as a contribution, from the Ministry of Business and Made in Italy, related to the interest calculated on the aforementioned loans. Law No. 139 of Dec. 27, 2019, June 16, 2022 , defined the new discipline of the facilitation measure for the purpose of implementing the changes made to the measure by the aforementioned Law No. 160 of Dec. 27, 2019, as well as to incorporate the additional regulatory changes made to the instrument over time.

Read the full circular

The new Directorial Circular December 11, 2023, No. The new Directorial Circular July 3, 2023, No. 410823 of December 6, 2022, with reference to the entry into force of the aforementioned regulations and the updating of the list of environmental product certifications included in 'Annex 6/C, for the purpose of access to the "green" contribution surcharge.

The facilities
The new Directorial Circular December 11, 2023, No. The new Directorial Circular July 3, 2023, No. 410823 of December 6, 2022, with reference to the entry into force of the aforementioned regulations and the updating of the list of environmental product certifications included in 'Annex 6/C, for the purpose of access to the "green" contribution surcharge.

2.75% for ordinary "industry 4.0" investments that can benefit from the increased contribution of 30% provided for in Law 232 of December 11, 2016 , are identified within Annexes 6/A and 6/B to the February 15, 2017 Circular No. 269210 of August 3, 2018 the list of intangible assets in relation to which the maximum contribution can be recognized has been adjusted.

Guidelines and clarifications

Exclusively with regard to the traceability of assets among those listed in the annexes above, it is possible to independently acquire the technical opinion from the Ministry of Enterprise and Made in Italy.

Green investments

In implementation of the aforementioned rule, the Interministerial Decree April 22, 2022 requires, for the purpose of the recognition of the increased contribution, the possession of an appropriate environmental process certification or an appropriate environmental product certification. The SME submits the application for access to the ministerial contribution to the bank or financial intermediary together with the application for financing, attesting to the possession of the requirements and the adherence of the investments to the provisions of the law.

Read the full circular

Below is an example of Exhibit 1 cited in Directorial Circular No. 50031 from the new bill.

 

We quote an example of Exhibit 4 cited in Directorial Circular No. 50031 from the new bill.