Global Trade Alert
Global Trade Alert

Italy: Introduction of EUR 2.9 billion scheme to support SMEs and mid-caps in the context of Russia's invasion of Ukraine

Announcement

29 Jul 2022

In July 2022, the European Commission approved a direct grant and guarantee scheme from Italy to support SMEs and mid-caps affected by the consequences of the current economic crisis caused by the Russian invasion of Ukraine.

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Jul 2022

Revocation date:

31 Dec 2023

Updated: 29 Jul 2022
Loan guarantee

On 29 July 2022, the European Commission approved a EUR 2.9 billion (USD 2.95 billion) loan guarantee scheme from Italy. The aid will support all SMEs and mid-caps (maximum 1'500 employees) irrespe...

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Updated: 29 Jul 2022
Financial grant

On 29 July 2022, the European Commission approved a EUR 2.9 billion (USD 2.95 billion) financial grant scheme from Italy. The aid will support all SMEs and mid-caps (maximum 1'500 employees) irresp...

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