How to Finance a €1M Investment Project in Puglia with Only €250K of Your Own Capital
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If you're investing in Southern Italy—whether it's for tourism, retail, or hospitality—programs like Mini PIA Puglia offer a powerful way to fund most of your project.
But how far can your money go?Here’s how you can finance a €1 million project with only €250,000 in capital, even if you're not a resident in Italy—and what additional costs you must prepare for.
Your Investment Structure
Let’s assume this:
🏠 Purchase of a property in a central historic area: €250,000
🔧 Restructuring and transformation for commercial or hospitality use: €750,000
💵 Available capital: €250,000
👉 Total project cost: €1,000,000
What Is Eligible for Mini PIA?
Mini PIA does not cover the cost of the real estate purchase. It only applies to investments in:
Renovation
Equipment and furnishings
Technical costs (partially)
Energy efficiency and accessibility upgrades
Cost Type | Amount (€) | Eligible? |
Property Purchase | €250,000 | ❌ No |
Renovation & Works | €750,000 | ✅ Yes |
Mini PIA: What You Can Receive
On the €750,000 eligible amount, Mini PIA provides up to 65% total support — though only 45% is a true non-refundable grant.
Type of Support | % Max | Refundable? | Notes |
✅ Capital Grant (Conto Impianti) | 45% | ❌ No | Direct, non-repayable public funding |
⚠️ Interest Subsidy | 10% | ⚠️ No | Lowers loan cost, but not money to you |
⚠️ ESL via Confidi Guarantee | 10% | ⚠️ No | Financial benefit tied to loan structure |
Funding Breakdown for a €750K Eligible Project
Source | Amount (€) |
Capital Grant (Mini PIA – 45%) | €337,500 |
Interest Subsidy (10%) | €75,000 |
ESL (Confidi-backed benefit) | €75,000 |
🔹 Total Public Benefit | €487,500 |
How You Fund the Rest (and the Purchase)
Project Segment | Amount (€) | Funded By |
Real Estate Purchase | €250,000 | ✅ Your Capital (not financeable) |
Restructuring Works | €750,000 | ✅ Grant + Loan + Co-financing |
→ Grant (Mini PIA – 45%) | €337,500 | ✅ Non-refundable |
→ Bank Loan (w/ Confidi) | €412,500 | ✅ With guarantee & interest subsidy |
→ Equity Contribution | €250,000 | ✅ Your capital (covers purchase + gap) |
Non-Financeable Costs You Must Budget
Aside from the €1M core project, you should plan for another 5–10% in costs not covered by Mini PIA or the bank loan, such as:
Type of Expense | Typical Range (€) | Covered by Grant/Loan? |
💼 Agency/Real Estate Fees | €10,000–20,000 | ❌ No |
✍️ Notary & Registration | €8,000–12,000 | ❌ No |
📑 Legal & Technical Fees | €5,000–10,000 | ❌ Partially, if directly related |
💶 Taxes & IMU | Varies | ❌ No |
💡 These must be covered entirely from your own resources, on top of the €250K.
Important for Foreign Investors
If you're not a tax resident or company registered in Italy, banks and agencies often ask for:
40–50% own capital, not just 25%
Strong documentation of origin of funds
Local partners or SPVs
At Mari e Trulli International, we help non-resident investors structure legally and financially compliant investment vehicles tailored to Mini PIA.
Final Summary: What Your €250K Covers
With a well-planned setup, your €250K can unlock:
Use of Funds | Amount Covered |
Property Purchase | €250,000 (fully equity) |
Access to Mini PIA grant | €337,500 (non-refundable) |
Co-financing on eligible costs | €412,500 (via bank loan with Confidi) |
Non-financeable costs | Must be budgeted separately (approx. €25K–€50K) |
Ready to Start?
At Mari e Trulli International, we specialize in project structuring, public funding applications, Confidi relationships, and cross-border real estate operations.
📬 Contact us now to schedule a private consultation and find out how to turn your €250K into a fully funded €1M investment project in Puglia—with public support.
