Fondo Tematico Turismo Sostenibile

The Fund aims to provide the necessary financial support to businesses and services that, even in the context of the Covid-19 pandemic crisis, are committed to the transition towards more sustainable tourism.
The objectives of the Fund, in the context of the PNRR and in particular under "Mission 1: Digitalisation, innovation, competitiveness and culture", investment 4.2, by promoting investments in strategic tourism infrastructure and services, the renewal of the tourism ecosystem and local and sustainable tourism, aim to
- support innovative investments in favour of digital and green transition, energy efficiency, in compliance with the principle Do no signficant harm ("DNSH") and Sustainability Proofing;
- increase the supply of services to tourism;
- encourage business aggregation processes

The Fund may intervene by covering approximately 50% of the eligible expenses of the investment project: the intervention ticket ranges from a minimum of EUR 1 million to a maximum of EUR 16 million. The portion of residual financial requirements not covered by the Fund may be covered by: i) equity of the beneficiary, ii) bank financing, iii) grants or subsidised finance, iv) any other form of financing.
The Fund intervenes through:
- Debt: i) disbursement of loans, with an amortisation period of up to 20 years for investments (interest-only max 3 years), up to 15 years for interventions in working capital (interest-only max 2 years); ii) subscription of bonds issued by tourism enterprises (mini-bonds)
- Equity and quasi-equity (e.g. shareholder financing)
In the case of intervention with Debt, the interest rate is calculated as IBOR +
spread (SDG-linked).