|
|
The Commission approved the Italian framework temporarily adapting certain existing risk-capital schemes to increase companies' financing possibilities during the current crisis. The measure will allow for more flexible risk-capital investments until 2010, in line with the Commission's Temporary Framework for state aid measures to support access to finance in the current financial and economic crisis.
In particular, the measure will allow five risk-capital investment schemes to increase, until 2010, the maximum investment tranches from €1.5 million to €2.5 million over each 12-month period. The minimum private participation for risk capital investments is temporarily reduced from 50% to 30%.
The duration and thresholds are in line with the provisions on risk-capital of the Commission's Temporary Framework state aid.