Giuseppe StancampianoStrategy & Corporate Finance Advisor

Guide for SMEs and startups

Preparing a public funding application

My partners and I work out what the project will cost, when payments fall due and how the business can fund its share. Those figures guide our choice of programme.

By Giuseppe Stancampiano, business and finance advisor in Messina

1. The investment

We start by listing what the business plans to buy or build and why each item is needed. For each cost, we record the estimate, the available quotation and the expected month of payment. For a new business, we separate the initial investment from early operating costs such as rent, payroll and stock.

2. Eligibility and assessment criteria

We review who can apply, where the investment must be made, which costs qualify and when they can be incurred. We also check how applications are scored: a project can meet the minimum conditions and still rank too low in a competitive selection.

3. Cash requirements

We model payments and receipts month by month. If a hypothetical €32,000 grant for an €80,000 project is paid on reimbursement, the cash plan must cover the bills before the grant arrives. We include VAT and excluded costs where they affect cash flow.

4. Supporting documents

We start with the documents listed in the official notice. The dossier may include quotations, a business plan, financial projections, company documents and declarations. We check that amounts, dates and descriptions agree across the application and its attachments.

Official sources

We use the official sources listed in the financing directory to verify deadlines, eligibility and covered costs in each notice and its attachments.

Read more about this approach in the Scomunicando interview with Giuseppe Stancampiano (Italian).

Initial investment review Incentives and financing ↗