Green New Deal

Green New Deal

Invests Italy firms in ecological transition and circular innovation investments through structured financing and growth-oriented milestones.

The MIMIT Green New Deal incentive supports industrial research, experimental development, and — for SMEs only — industrialisation of R&D outputs, in projects aligned with the Italian Green New Deal's ecological and circular transition objectives. The measure is governed by the Interministerial Decree of 1 December 2021 and implements the Fondo per la Crescita Sostenibile. The six priority intervention areas are: decarbonisation of the economy; circular economy; reduction of plastics and substitution with alternative materials; urban regeneration; sustainable tourism; and adaptation and mitigation of territory-level climate change risks.

Enterprise of any size in industrial, agro-industrial, craft, or industrial-service activities, as well as research centres, may apply individually or jointly. Projects must have eligible costs of EUR 3–40 million and a duration of 12–36 months. Two access procedures apply: a sportello procedure for projects of EUR 3–10 million with up to three participating firms, and a negotiated procedure for EUR 10–40 million projects with up to five firms. Industrialisation activities are exclusive to SMEs. Financial support combines an FRI soft loan from Cassa Depositi e Prestiti equal to 60% of project costs (with mandatory 20% co-financing from a CDP-convention bank, whose creditworthiness attestation is a hard eligibility condition) plus a direct grant of 15% on R&D and consulting costs and 10% on industrialisation assets. Total programme endowment is EUR 600 million in FRI loans and EUR 150 million in direct grants, split equally between sportello and negotiated procedures.

Applications have been accepted on a rolling basis since 17 November 2022 (pre-compilation from 4 November 2022) and remain open until resources are exhausted. Submissions are made exclusively online via the Mediocredito Centrale (MCC) platform at fondocrescitasostenibile.mcc.it on weekdays from 10:00 to 18:00. The mandatory bank creditworthiness attestation must be issued by a bank registered on the CDP convention list, which is published and continuously updated on CDP's website; any application received without it is rejected. Applicants seeking to win should secure the bank attestation before drafting the proposal, as delays in banking engagement represent the single most common cause of exclusion at admission check.