Bank Ifis e Veneto Development, the financial institution of the Region that supports local companies, have signed an agreement to support the Veneto companies most affected by the pandemic. The initiative provides for the disbursement of co-financing up to 500 thousand euros for investment purposes and up to 250 thousand euros for liquidity support. Furthermore, as part of the loan disbursed by Banca Ifis, Veneto Sviluppo will provide a portion of public funding at zero interest rate fed by the "Anti-crisis productive activities" revolving fund set up by the Veneto Region.
“Being close to businesses means continuing to disburse credit even in complex situations, guaranteeing quick times and clear answers to accompany entrepreneurs towards recovery – comments Raffaele Zingone, head of central business management at Banca Ifis – In this regard we continue to invest with conviction in the partnership with Veneto Sviluppo, a collaboration that will allow us to support companies in our area with ever more resources in this phase of uncertainty. We are still far from a return to normality and moving in an integrated manner with the institutions is essential. The goal is to continue to inject confidence in the future of our economic fabric".
According to Gianmarco Russo, general manager of Veneto Sviluppo, "this synergy will make it possible to strengthen an increasingly widespread network in support of the real economy of the area".
