PROMOTE IT > Productivity Promotion Actions, Subsidies to Enterprises
   
 

These actions include financial incentives to businesses, aiming at facilitating the granting of working capital or investment loans, leasing, factoring, or targeted loans including those for the improvement of industrial safety.

The Chamber of Commerce financial support wide-ranging activities for SMEs consist in the granting of subsidies aiming at economic and social development. As Chambers aim at promoting enterprise public interests, in granting financial support and benefits they cannot financially benefit single businesses; conversely, they must benefit multiple enterprises, according to prearranged specific criteria.

Moreover, through their actions, they can provide financial support to promotional activities organised by other public and private actors. Should they do so, they would have to comply with the following criteria:

avoid excessive resource fragmentation entailed by the granting of small subsidies, thus focussing on significant initiatives;
give top priority to initiatives implemented within the framework of possibly multi-year programmes, as opposed to single and sporadic ones;
prioritise initiatives carried out alongside other public bodies or trade organisations, thus excluding specifically internal ones, benefiting single organisation, which are not open to all actors concerned;
favour initiatives entailing direct and long-lasting impact on the provincial economic system, as opposed to actions only indirectly or temporarily impinging on it;
favour the turnover of support beneficiaries;
give top priority to initiatives aiming at providing services of common interest to operators.

Facilities and financings in