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Combined Instruments · National Instruments

Tourism Rotating Fund

FRI — Fondo Rotativo Imprese per il Turismo

Ceiling €10,000,000 per project Coverage Subsidised loan alongside bank lending, with a grant component Reachable Year 2 Speed 150–360 days
Combined Instruments National Instruments Reachable Year 2

The operative truth

Terms

Administering body Ministry of Tourism with Cassa Depositi e Prestiti
Instrument type Combined Instruments
Tier National Instruments
Ceiling €10,000,000 per project
Coverage Subsidised loan alongside bank lending, with a grant component
Cost of money Subsidised on the fund portion
Term Up to 15 years
Earliest reachable Year 2
Application to cash 150–360 days
Ceilings, rates and coverage change between programming periods and vary by region. Confirm against the current call text before acting.

Who qualifies

Tourism enterprises undertaking substantial upgrading, energy efficiency and accessibility works.

What it funds

Structural works, energy and seismic improvement, accessibility, digitalisation and pools.

What disqualifies an applicant

What it stacks with

These instruments combine with this one. Grants generally cannot double-fund the same cost, but different components of the same project may each carry their own support, and tax credits stack more freely with grants than grants do with each other.

Guarantee · €5,000,000 per enterprise

SME Guarantee Fund

Small and medium enterprises including sole traders and agricultural undertakings. New enterprises qualify; the guarantee exists precisely to…

 Relief · €100,000,000 per project

Single Special Economic Zone — Southern Italy

Enterprises making productive investments in Abruzzo, Molise, Campania, Puglia, Basilicata, Calabria, Sicilia and Sardegna.

 Grant · €65,000–5,000,000 depending on the measure

Thermal Account

Private persons, enterprises and public administrations installing efficient heating or small renewable thermal plant.

Ventures this funds

5 venture types in the atlas list this instrument in their capital stack.

HOS-006

Rural Boutique Hotel

A small full-service hotel of eight to twenty rooms in a restored rural building.

Hospitality, Accommodation and Food Service
€250,000–€1,400,000
20–38 months
HOS-010

Monastery and Heritage Guesthouse

Guest accommodation within a restored monastery, convent, tower or historic estate building.

Hospitality, Accommodation and Food Service
€120,000–€700,000
16–34 months
HOS-020

Thermal and Mineral Spring Spa

Treatment and bathing facilities built on a recognised thermal or mineral water source.

Hospitality, Accommodation and Food Service
€200,000–€1,500,000
20–40 months
HOS-025

Wedding and Event Venue

A restored estate, masseria or historic building let for weddings, celebrations and corporate events.

Hospitality, Accommodation and Food Service
€80,000–€600,000
10–22 months
EXP-010

Adventure Park and Rope Course

Tree-top rope courses and zip lines operated in woodland with full safety systems.

Experience, Guiding and Cultural Economy
€90,000–€420,000
9–18 months

Note on sources. This page is generated from the VentureItalica research registry. Figures and legal references reflect the corpus as verified at the last review and are indicative rather than advice. Instruments change; always confirm the current call text with the administering body before acting.

The journey

Where this sits in the sequence

Applications precede expenditure, guarantees precede loans, and the venture is chosen before the property. The order is what protects the money.

P0

Orientation

Establishing who you are, what you hold, and what is therefore within reach.
P1

Selection

Choosing the venture, the place and the legal form, in that order and on evidence.
P2

Formation

Bringing the enterprise into legal existence so that instruments become reachable.
P3

Capitalisation

Assembling the stack in the correct sequence so that each layer supports the next.
P4

Preparation

Building the operational capability the venture will need on its first trading day.
P5

First Revenue

The first paying customer, and the systems that make the second one repeatable.
P6

Consolidation

Reaching the point where trading covers costs and the second revenue leg is established.
P7

Expansion

Growing beyond the founder's own capacity, into export, employment or collective structures.
Film

Applying, without losing the money

The order that protects funding you have already been awarded.

How Italian enterprise support is structured, and why sequence matters more than eligibility. Plays from YouTube. Nothing loads from YouTube until you press play.
From employed to owner

You do not have to resign to begin

The most common route onto this platform starts with a job, a skill and an evening. Ownership is the destination, not the entry requirement.

Stage one

Keep the income

The venture is built around the job rather than instead of it. Registration, the first customer and the funding application all happen while the salary continues.

No change to household income

Stage two

Prove the demand

First revenue arrives alongside the salary. The question stops being whether people want it and becomes how much they pay and how often.

Typically months four to seven

Stage three

Shift the balance

Hours move across as the venture earns. Reducing to part-time employment is a supported route, not a failure of nerve.

Where most instruments land

Stage four

The business carries you

The venture covers the household and begins repaying its capital. Employment becomes a choice rather than a necessity.

Repayment usually begins here

Knowledge modules

Questions about this kind of support

Each of the five hundred modules is written to be read on its own, without the page around it.

37 Do I need any qualification to farm in Italy? 41 Are there instruments specifically for women founders? 42 What support exists for founders with disabilities? 54 What is the third sector register and should my venture be in it? 57 Do I need a business plan, and who reads it? 60 How do I know whether I am ready to start? 61 How should I choose which business to start? 99 What is an ATECO code and why does it matter so much?

All five hundred modules

Work it out

Engines that answer this for your own position

Each runs entirely in your own browser. Nothing is submitted, nothing is committed, and nothing leaves the page until you choose to save it.

Engine

Eligibility Assessment

Establishes which instruments, ventures and territories are actually open to you before any commitment is made.

Run it
Engine

Capital Stack Builder

Assembles and sequences your funding layers so that no eligible money is forfeited to a procedural error.

Run it
Engine

Venture Finder

Filters the full atlas against your capital, skills, land position and time to first revenue.

Run it
Engine

Readiness Checklist

Generates the complete operational task set for your chosen venture, sequenced with dependencies.

Run it
Engine

Survival Assessment

Scores the combination of founder, venture and place across twelve variables and names the weak ones.

Run it
Engine

Cash Trough Model

Projects the month-by-month cash position and locates the trough before you reach it.

Run it
The six families

Every buildable venture, grouped by what it actually is

Families are not sectors. They group ventures by the shape of the work, the shape of the capital and the shape of the regulation.

40 ventures

Agrifood Production and Transformation

This family contains the ventures that begin with land, water or livestock and end with something a person eats or drinks. Its…

Produzione e Trasformazione Agroalimentare
30 ventures

Hospitality, Accommodation and Food Service

Hospitality is how a territory converts its landscape and its story into revenue without exporting anything. It is also the family with…

Ospitalità, Ricettività e Ristorazione
40 ventures

Craft, Making and Light Manufacture

Craft ventures convert skill into value density: a kilogram of clay becomes a plate worth two hundred times the material. This family…

Artigianato e Piccola Manifattura
30 ventures

Experience, Guiding and Cultural Economy

The highest-margin family in the atlas and the cheapest to enter, because the inventory is what the founder already knows. A licensed…

Esperienze, Guide ed Economia Culturale
30 ventures

Services, Care, Knowledge and Digital

This family contains the least romantic and most financially stable ventures in the atlas. Care contracts, compliance work, property management and remote…

Servizi, Cura, Conoscenza e Digitale
25 ventures

Energy, Environment and Circular Economy

These ventures have the longest horizons and the most secure revenues in the atlas, because their income arrives under twenty-year tariffs and…

Energia, Ambiente ed Economia Circolare
Method

How to read the figures on this page

Everything published here is generated from the research corpus rather than written into the page, so a correction reaches every page that depended on it.

Traceable to a source

Every figure resolves to a named document in the corpus of 47 research files, and every judgement is marked as a judgement rather than dressed as data.

Ranges, not projections

Venture economics are modelled ranges drawn from comparable operations. They describe what this kind of business tends to do, not what yours will do.

Confirm against the call

Ceilings, rates and deadlines change and vary by region. Always confirm against the current call text of the administering body before committing anything.

Not advice

This is decision-support material. It is not legal, tax or financial advice, and using it creates no relationship of professional advice.

The full method

Continue

Where to go next

Four minutes

Find what is open to you

Twelve questions, and the 89 instruments sort themselves into open, conditional and closed for your position.

Run the engine
Browse

The Atlas

All 195 ventures with their true entry capital, time to first revenue and regulatory load.

Open the atlas
Free

Open a dossier

Five steps. Afterwards every page on the platform reads from your own position rather than the general case.

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Help

A person answers

Anything here that is unclear, out of date or wrong is worth telling us about — corrections propagate to every page that depended on the figure.

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The Intelligence Plane

Seven engines carry you through

IDONEITÀ™

Determines which instruments, ventures and territories are actually open to this specific person.

CAPITALE STACK™

Assembles and sequences the funding layers for a specific venture and founder.

TERRA™

Matches a founder and venture to the communes where both will work best.

PRONTEZZA™

The operational checklist that converts a decision into a trading business.

RADICAMENTO™

The work of genuinely belonging in the place the venture depends on.

DOMANDA™

Detects and quantifies real market demand at commune level.

SOPRAVVIVENZA™

Measures how durable this venture is likely to be, with this founder, in this place.