7. Mr. Rallo, what can you share with us in terms of concrete results achieved so far?
The adopted scheme has allowed to indirectly reach small agricultural businesses, which are the main target of public policy and the weak link in the supply chain, due to their difficulties in accessing bank credit. At the same time, it has allowed to enhance the functioning of the financial instrument which focuses on the strongest processing company, the latter being the central point in the supply chain and the one which has the best financial rating.
Now, to give you some concrete data, the Credit Fund with a budget of approximately 57 million euros, (EUR 35 million in financing and EUR 22 million in grants) attracted EUR 53 million of additional financing from affiliated banks, for a total amount of around EUR 110 million of eligible investments. Out of the EUR 35 million EAFRD-backed loans, 25 have been disbursed to date.
Of the three calls that were launched, 23 projects and 20 beneficiaries (some of them applied for separate projects over several editions) were supported.
Indeed, through the signature of the supply chain agreements, the 23 projects involved several hundred of primary producers in the Lombardy region.