Actions

Actions against economic crisis

From EPSA - European Public Sector Award

[edit]

The Provincial Administration (PA) of Siracusa is a self-governing autonomous local government, halfway between a city and a region (regions, provincial administrations and cities are devolved). Concerning national and regional issues and laws, the PA represents the provincial community (made up of the territories of the Cities of Siracusa, Augusta, Avola, Buccheri, Buscemi, Canicattini B., Carlentini, Cassaro, Ferla, Floridia, Francofonte, Lentini, Melilli, Noto, Pachino, Palazzolo A, Portopalo, Priolo G., Rosolini, Siracusa, Solarino and Sortino). It administers territorial affairs, promotes and coordinates cultural, civil, social and economic development, works on improving the qualitative environment and the living conditions of its inhabitants.

Following its specific mission and according to its traditional values, the Provincial Administration acknowledges social and cultural activities as being essential to citizens’ growth and enrichment. Within its work, the PA cooperates with other territorial institutions to assure economic development and a policy of business support. The ‘actions against economic crisis’ arose from these considerations. This initiative has been promoted by the provincial council. The provincial council aims to build a solid synergy between provincial administration and the society’s most important sector, the local businesses. The economic crisis injured especially Southern Italy, so that local public administrations tried to help the business companies through new ideas.

In this case, thanks to the contribution of the Association of Local Businesses Company, the Italian Association of Banks and the Loans Consortia, the Province of Siracusa has approved a guarantee fund of €500,000 to be used by local businesses to pay off their debts. Local businesses can access the money by asking the loans consortia, who signed an agreement with the province of Siracusa, the Association of the Local Businesses and the Italian Association of Banks. Credit consortia provide guarantees to facilitate companies’ access to finance for the development of economic and productive activities. The consortia are born as an expression of professional associations in industry, commerce, crafts and agriculture, based on principles of mutuality and solidarity. The use of this fund is governed by the signing of a Memorandum of Understanding between the Province of Syracuse, the Chamber of Commerce, Credit consortia and the Italian Banking Association, on behalf of banks operating in the province of Syracuse. The amounts allocated by the Province and the Chamber of Commerce are aimed to mitigate the costs arising from higher guarantees that the consortia will lend to the affiliated banks to facilitate access to credit of associated enterprises and to this end, Consortia will offer guarantees for not less than 60% and up to the limit established by the laws in force.

Award info
Award category: opening up the public sector
Award type: submission
Award year: 2011
Project type
Sector: Economic affairs, competition, SME
Type of activity:
Keywords: Credit
Short English description: It is a self-governing autonomous local government, halfway between a city and a region.
Further information
Organisation: Provincial Administration of Siracusa
Other applicants:
Homepage:
Level of government: regional level
Size of organisation: >100
Number of people involved: >15
Country: Italy
EU membership: EU member
Language code: en
Start date:
End date:


Actions against economic crisis (37.0603334, 15.2944656)
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