Protocol for the Growth and Development of the female entrepreneurship and selfemployment

Where
Italy
When
2016
Who
Presidency of the Council of Ministers
Key objectives of the measure:

In order to encourage the female enterpreneurship and selfemployment some financial measures have been taken in Italy. They facilitate the accesibility to loans for the small and medium-sized female enterprises through the concession of a pubblic guarantee. There are three working practises:

- investiments for the creation of new enterprises/selfemployed ("women in start up/donne in start up");

- investiments to develop the enterprise/self-employed activity (let's invest on women/investiamo nelle donne");

- and investiments to recovery enterprises/selfemployed from crisis effects ("enabling women to recovery/donne in ripresa").

There is also a consultacy support for women.

This measure was established in 2013 with a convention between the Presidence of the Council of Ministers, the Ministry of the Economical Development and the Ministry of Economy and Finances.

 

Scope of the measure:
National
Nature of the measure:
financial
Main feature of the measure:

The measure was introducted to support the italian 1.4 million female's enterprises. These enterprises suppose the 23,6% of the total.

Also, the aim is to forest the female entrepreneurship and selfemployment.

Results expected through the implementation of the measure:

The creation of new female  enterprises.

The recovery of female enterprises hitted by the crisis.

The investiment in female enterprises/self-employment.

Financial resources allocated to implement the measure:

Euro 50 million for the amount of fundings.

Euro 30 million for the amount guaranteed. A 50% is exclusively dedicated to the female start up enterprises.

Main conclusions of the evaluation of the measure:

On date 1st december 2015, 52 italian banks had joint the protocol. That means the 37% of the italian branch offices. 

€ 1.452 million were allocated in credit limits to support  this initiative.

In 2013 the amount of fundings was a 28% higher than 2014 ones. The amount guaranteed was a 39,7% higher than the 2012 one. The requirements grew a 27,1%.

In 2014 the amount fund was a 23,4% higher than 2013 ones. The amount guaranteed was a 31% higher than the 2013 one. The requirements grew a 6,9%.

In 2015 the amount fund was a 9,6% higher than 2014 ones. The amount guaranteed was a 12,9% higher than the 2014 one. The requirements grew a 14,1%.

Most of the operations regards microenterprises, a 80% of the total. Following small (17,1%) and medium-sized (2,8%) enterprises.

A percentuage of 20% is dedicated to "services", among these included the cultural ones.

 

Indicators used to determine impact:
The percentage participation of banks.The credit limits accepted by banks. 
Goal(s) of UNESCO's 2005 Convention
Cultural Domain(s)
Multi-domain
Cultural Value Chain
Creation
Participation