Banca Sella, 50 million for businesses in Eastern Veneto
The resources may be directed towards environmental sustainability, the adoption of advanced digital solutions and innovation
Fifty million euros to support investment by local businesses.
Banca Sella and Confindustria Veneto Est have signed an agreement aimed at supporting the investment programmes of member companies and thereby helping to strengthen the local business community.
As part of the agreement, Banca Sella is making available a credit facility of up to 50 million, aimed at businesses that are members of Confindustria Veneto Est. The funds may be used to finance investments aimed at improving environmental sustainability, facilitating the adoption of advanced digital solutions and promoting innovation projects across various manufacturing sectors.
The agreement provides for financing on special terms, disbursed as a single lump-sum unsecured loan with a maximum term of 96 months. Businesses will also be able to benefit, where the relevant criteria are met, from the guarantee provided by the SME Guarantee Fund or other similar schemes.
“The agreement with Confindustria Veneto Est reinforces Banca Sella’s commitment to supporting businesses’ investment programmes. These businesses will have access not only to financing but also to the full range of services provided by the Sella Group and to dedicated resources to support them on their journeys towards growth, innovation, digitalisation and sustainable transition – explains Gennaro Crescenzo, Head of Business Development at Banca Sella – ‘The partnership with an association representing over 5,000 businesses in the provinces of Venice, Padua, Rovigo and Treviso enables us to be even closer to a particularly dynamic business community and to contribute to the region’s competitiveness and economic development.’
