Directa Plus‘ Italian subsidiary has qualified for an additional €0.5mln loan under the Italian government's COVID-19 Recovery Plan. These funds follow the receipt of the €0.7m loan announced on 2 August 2021.
Giulio Cesareo, the graphene specialist's chief executive, said: "Directa Plus will leverage on these additional funds offered at low cost by the Italian government to accelerate its strategic programme and continuing growth."
The new loan is being provided by Banca Popolare di Sondrio with a term of 6 years, a variable interest rate of 1.5% +EURIBOR 3M and is 80% guaranteed by the Italian government.