The (R)esisto Fund, grants for companies and self-employed workers

Here comes the support of the Region for the loss of turnover caused by Covid. The help of the Agency

The Region of Sardinia has approved the terms of access to the (R)esisto Fund, which provides direct grants to businesses and self-employed workers in Sardinia who have suffered a loss of turnover due to Covid-19. The Fund, established by Regional Law number 22 of 2020, provides support for three categories: micro, small and medium-sized enterprises; workers with a VAT number; large enterprises. The application for aid must be submitted from February 8 to February 22, 2021. The Agency of Cipnes, in Olbia, is available to entrepreneurs to provide support and information on technical and regulatory aspects of the Fund.

Micro, small and medium enterprises. The beneficiaries are micro, small and medium-sized enterprises, with at least one employee, which in the period between March 1, 2020 and June 30, 2020 have suffered a loss of at least 30% of turnover compared to the same period of the year 2019 and have maintained at least 40% of employees and staff in service compared to the same period of the year 2019 in terms of Annual Work Units (AWU). Grants will be awarded on the basis of the annual labor cost, as reflected in the 2020 Single Certification, for 30% of the annual labor cost in the case of micro enterprises, 20% in the case of small enterprises, and 15% in the case of medium-sized enterprises. In all cases the aid granted cannot exceed the amount of 500,000 euros per individual company.

Target sectors. Companies that may apply for subsidies must operate in the following production sectors: agri-food sector, craft, tourist and cultural industry; knowledge sector, technological innovation, mechatronics and artificial intelligence; traditional chemical industry sector and non-ferrous metallurgy; construction sector for the implementation of a plan for public infrastructure and maintenance as well as for energy, aesthetic and functional upgrading of public and private real estate, transport sector.

Self-employed workers and professionals. Eligible for grants are workers with VAT registration number resident in Sardinia and owners of companies without employees with operational headquarters in Sardinia. The subsidy corresponds to 30% of annual taxable income, and in any case does not exceed 30% of the maximum amount of the 1st income bracket.

Large tourism enterprises. Large enterprises operating in the tourism sector are entitled to the subsidies, for which the contribution is admitted up to 60% of the gross monthly salary of the beneficiary personnel or in force at the enterprise on March 11, 2020. The wage payment subsidy is granted for a period not to exceed twelve months from March 1, 2020 for employees who would otherwise have been laid off as a result of the suspension or reduction of business operations due to Covid-19 and provided that the benefiting personnel continue to perform work on a continuous basis throughout the period for which aid is granted. The aid is granted up to an amount of 1 million per individual company.