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2016 Earthquakes: CDP establishes new €560 million fund

Posted: 1 March 2017

Cassa depositi e prestiti (CDP) announces that its Board of Directors has resolved to set up a new €560 million fund to support areas of Central Italy affected by seismic events since August 2016.

The fund will provide subsidized loans for business owners, sole traders and farmers, allowing them to defer payment for five years – at no additional cost – of taxes suspended because of the earthquakes and taxes due up until 31 December 2018.

The new initiative adds to the “Plafond Sisma Centro Italia” (Central Italy Earthquake Fund) launched in late 2016, which provides households and businesses with money to rebuild damaged homes and businesses, currently amounting to around €4 billion.