Green New Deal

R&D&I projects for the ecological and circular transition within the framework of the Italian Green New Deal.

The incentive provides financial support for the implementation of research, development and innovation projects aligned with the ecological and circular transition goals of the Italian Green New Deal.

This program is aimed at supporting projects submitted by companies eligible for subsidized financing under the FRI (Rotating Fund for Business Support and Research Investments) and includes grants for industrial research, experimental development, and, for SMEs, the industrialization of research and development results.

The initiative, part of the Sustainable Growth Fund (FCS), is governed by the Decree of December 1, 2021, issued by the Minister of Economic Development in collaboration with the Ministry of Economy and Finance.

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Green New Deal in short

Intended Audience Intended Audience

Companies of any size operating in the industrial, agri-industrial, artisanal and industrial services sectors, as well as research centers, are eligible to apply—either individually or as part of a consortium

Total Budget Total Budget

A total of €600 million on FRI subsidized loans is available to support projects (€300 million for the open-call procedure, €300 million for the negotiated procedure). Additionally, €150 million in grants is available (€75 million allocated to each procedure)

Funding type Funding type

The FRI subsidized loans cover 60% of project costs, with an additional 20% provided through bank financing supported by appropriate credit certification. Non-repayable grants are also available, including: Up to 15% for research, development, and consulting services related to industrialization, up to 10% for the purchase of fixed assets intended for industrialization.

Project Type Project Type

The initiative supports projects aligned with key priorities such as decarbonization, circular economy, plastic reduction, urban regeneration, sustainable tourism and climate change adaptation. R&D activities must aim to create or significantly improve products, processes or services.

Cooperation Cooperation

The program eligible for the incentive can also be carried out by multiple entities, with a maximum of 5 participating companies in total.

Deadlines Deadlines

Applications for funding have been open since November 17, 2022, and will remain available until resources are exhausted. There are two application procedures: Open-call procedure: for programs between €3 million and €10 million, with a maximum of 3 participating companies and negotiated procedure: for programs between €10 million and €40 million, with a maximum of 5 participating companies.

Themes

R&D&I projects for the ecological and circular transition within the framework of the Italian Green New Deal, focusing on key areas such as:
decarbonization, circular economy, urban regeneration, sustainable tourism and climate change.

Is your project eligible for funding?

Eligible projects must meet the following requirements:

  • Be implemented within one or more local units located in the Italian territory
  • Involve eligible costs and expenses of no less than €3 million and no more than €40 million
  • Have a duration of no less than 12 months and no more than 36 months
  • Start only after the submission of the funding application

How will PNO Innovation help you with the Green New Deal application?

Are you looking for incentive schemes dedicated to supporting large-scale, strategic and innovative investment programs? PNO Innovations’s experts work every day—with deep knowledge and proven experience—on developing project proposals for national funding opportunities in the key sectors targeted by this incentive.

A few of our experts

Start your Green New Deal application

Are you interested in financial incentives for implementing R&D&I projects aligned with the ecological and circular transition goals of the Italian Green New Deal? Would you like to learn more about PNO Innovation’s services?
Contact us to receive more information about this opportunity, the types of eligible actions and projects and to discover how our expertise can help lead your project to success.

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