XA Number

XA 7021/07

Member State

Italy

Region

Lazio

Title of aid scheme or name of company receiving individual aid

Fondo di rotazione per la promozione e lo sviluppo della cooperazione — Foncooper — in relazione alle iniziative nella Regione Lazio

Legal basis

Titolo I della legge 27 febbraio 1985 n. 49 e successive modificazioni

Direttiva del ministero dell'Industria, del commercio e dell'artigianato (ora ministero dello Sviluppo economico) del 9 maggio 2001 (G.U. n. 171 del 25 luglio 2001)

Articolo 19 del decreto legislativo 31 marzo 1998, n. 112

Articolo 45, comma 2, della legge regionale 6 agosto 1999, n. 14

Deliberazione di giunta regionale n. 1911 del 14 dicembre 2001

Annual expenditure planned under the scheme

Aid scheme: annual overall amount EUR 6 million (1)

Maximum aid intensity

The gross aid intensity must not exceed:

Date of implementation

Date of submission of this summary to the European Commission

Duration of the scheme or the individual aid

Open-ended. The aid scheme is, however, exempt from compulsory notification under Article 88(3) of the EC Treaty until 30 June 2008, when, unless it is extended, Regulation (EC) No 70/2001, as amended, expires

Objective of the aid

Aid to cooperative SMEs for investment projects in tangible fixed assets, to be implemented after the request for funding is submitted.

Eligible expenditure (net of VAT) to purchase land and buildings, carry out building works and to purchase, modernise and restructure machinery, equipment and facilities

Economic sectors concerned

or

or

Yes

or

Name and address of the granting authority

Decision-making body:

‘Comitato di gestione Foncooper — Regione Lazio’ (Foncooper Management Committee — Lazio Region), in accordance with the agreement concluded on 26 June 2000 between the Ministry of Industry, Trade and Crafts (now the Ministry of Economic Development) and Coopercredito SpA (now Banca Nazionale del Lavoro SpA, Via Veneto 119, I-00187 Roma) and the Addendum adopted on 13 May 2002 between the Lazio Region and Coopercredito SpA (now Banca Nazionale del Lavoro SpA)

Other information

Individual finance projects may not exceed EUR 2 million or 70 % of the eligible investment.

The aid granted covers the difference between the repayments at market rates and the repayments at the subsidised rate applicable under the scheme