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Scoop.it!
Italy is establishing an innovative 'Agricultural Multi‑Regional Guarantee Platform' as a ground‑breaking new financial instrument investing initially EUR 68 million from the European Agricultural Fund for Rural Development and national co‑financing resources. 
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The instrument will support new loans in the agricultural and agri-food businesses by providing a 50% guarantee to financial intermediaries on loans to SMEs and mid-caps in the sector. It applies to the Regions' rural development programme measure 4.1 (support for investment in agricultural holding) and measure 4.2 (support for investment in processing, marketing and/or development of agricultural products). The instrument is expected to increase the leverage effect of EU funds for agriculture and agro-businesses with a possible target loan portfolio of up to EUR 1 billion if all Italian regions would join the platform.