New investments ready to start with the support of the Regional Government


investments_ready_to_start

14/10/2016 - Emilia-Romagna Region has published the results of the first phase of the selection procedure to enter into regional Agreements for Settlement and Development of Enterprises. Companies admitted to the second phase presented investment programmes with an employment impact of 1,213 new jobs and a value of 195 million Euro. The requested incentives amount to 66 million Euro, but the Agreement supports the investments also facilitating the relation with institutions, local bodies and stakeholders and ensuring the timing of completion of the programme.
Among the investors there are many regional top companies but also several foreign groups: Volkswagen (through Lamborghini and Ducati), Bosch Rexroth and Braun Avitum from Germany, AVL from Austria and Teko Telecom that is part of the JMA Wireless group headquartered in USA. The 10 remaining companies are Italian.

The locations of the investments cover almost all the regional provinces, with higher concentration in Bologna, followed by Modena and Reggio Emilia. The presented investment programmes are divided in the following types: 3 with at least 150 additional employees, 7 with high strategic and innovative value, 4 for the creation of R&D centres and 3 for redirection of production.

The first phase of the procedure has considered several evaluation criteria, among which the consistency with the key sectors identified by the Region's Smart Specialization Strategy (S3). Most of the projects are in the sectors of Mechatronics and Automotive: Ima aims at developing Smart Manufacturing Technologies, Lamborghini is committed to produce a new SUV model, Ducati is creating new motorcycles with advanced technological standards, AVL and HPE intend to open specialized centres to collaborate with the top companies of the regional motor valley, Bosch wants to move 4 whole production lines from Germany, etc.

Other investments are in the Agrofood, Health, Construction and ICT sectors: SECI with the production of bioproducts, Ecor developing machinery for processing and packaging of food and medicines, Braun Avitum with biomedical technologies, instruments and skills, Yoox-Ynap developing new highly strategic big data services, Teko Telecom producing antennas for mobile radio communication systems, Fox with thermic appliances.
Companies admitted to the second evaluation phase will have to present the technical documentation by 60 days after the official communication from the Emilia-Romagna Region.

Evaluation list of the applications (Regional Law. 14/2014, Art.6 โ€“ Call for the promotion of investments โ€“ Resolution 1587/2016) โ€“ In Italian.

Further information on the Call: http://www.investinemiliaromagna.eu/en/news/2016/new_incentive_to_invest.asp -
http://imprese.regione.emilia-romagna.it/Finanziamenti/ricerca-e-innovazione/promozione-di-progetti-di-investimenti

Further information on the regional law for the promotion of the investments:

http://www.investinemiliaromagna.eu/en/invest/start/Settlement_and_development_agreement.asp

 

 

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