Loans for young entrepreneurs

60 million euros from the Veneto Region for young agricultural entrepreneurs

60 million euros from the Veneto Region for young agricultural entrepreneurs

The Veneto Region will soon make available resources for 60 million euro destined for the establishment of new farms run by young people under 40, and to support the modernization of existing corporate structures. Applications for loans for companies, depending on the interventions requested, must be submitted by the end of May or by the end of June 2014. The provision meets the need to encourage generational turnover in a sector that is strategic, creates jobs, wealth, image and quality and ranks first for national exports.

Loan for young farmers

Loan for young farmers

Of the available investment, it is expected that 30 million will go to agricultural start-ups, while the other 30 million will be used for investments capable of strengthening the already operating business structures, also owned by the less young. This result was achieved thanks to intense work by the Department of Agriculture and Rural Development of the Region, which was able to optimize the possibilities existing in this period of transition from the old to the new Rural Development Program, using the so-called “Transitional Regulations” for however, continue to issue calls, without waiting for the formal definition of future programming. For each of the two fields of intervention it is foreseen that 7 and a half million euros, for a total of 15 million, will be addressed to mountain companies.

The call for proposals refers to measure 112, called “young farmers settlement”, of the Rural Development Program 2007-2013. This programming tool identifies, for farmers under 40 who settle at the head of a company, the possibility of accessing a series of tools capable of supporting and developing professional entrepreneurial skills. Through the so-called “integrated planning”, for the Youth Package, the simultaneous activation of several RDP measures is envisaged, coordinated and made coherent with the project in the Business Plan. These include the modernization of farms, individual training in the company and consultancy services for agricultural entrepreneurs.

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