Tenders and subsidized finance

With subsidized finance we mean all those interventions and instruments promoted by the legislator at community, local, regional or national level and made available of companies with the aim of encouraging economic development and investment projects. In fact, the State, Regions, Chambers of Commerce and the European Union offer businesses loans, subsidies, contributions and other financial instruments at more advantageous conditions than those of the market to allow the growth of companies through the recruitment of new personnel or the implementation of new investments and projects, with the ultimate aim of promoting the development of the national entrepreneurial fabric and increase the competitiveness of existing companies and the creation of new ones.

Depending on who establishes, regulates and grants the concessions, the subsidized finance instruments respond to a different regulatory framework. The main distinction in this regard concerns the institution of competence and territoriality of reference:

In the event of measures envisaged at the local level, the Chambers of Commerce will issue public tenders and provide tools to support businesses and therefore it is up to the Chamber of Commerce of the province in which the company is registered in the Business Register the body to contact to obtain the concessions.

If the measure is taken at the regional level, it is the regions that establish and agree on the methods of support for companies based in the region itself.

At the national level, it is instead the Government, through the various ministries (in particular the Ministry of Economic Development) that regulates the assignment of the concessions that can be accessed through national tenders.

Finally, if the measures are taken by the European Union, the beneficiaries are the companies operating in one of the EU Member States by means of Community instruments and tenders. These tenders may concern direct funds (managed directly by the European Commission) and indirect funds (coming from the European Commission but managed by the local authorities of the member countries).