Factsheet for case IT-2020-15/636 – measures in Italy
|Country||Italy , applies nationwide|
|Time period||Temporary, 09 April 2020 – 31 December 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Lisa Dorigatti (University of Milan) and Eurofound|
|Case created||15 April 2020 (updated 04 January 2021)|
|Related ERM support instrument|
Art. 13 of the Law Decree no. 23 of 8 April 2020 introduces a credit guarantee and other measures for SMEs hit by the COVID-19 pandemic to support their operations. The temporary rules for the credit guarantee include free provision of the guarantee and higher thresholds in terms of amount and number of employees, in respect to the regular measures. This initiative is part of the various measures designed by the government to address the economic and employment impacts of the COVID-19 pandemic.
The main provisions allow SMEs to obtain a credit guarantee until 31 December 2020 at more advantageous conditions than those ordinarily envisaged by the special credit guarantee fund for SMEs. In particular, the temporary measures:
No information available (15 April 2020).
|Does not apply to workers||
|Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
This measure was designed unilaterally by the government.
Eurofound (2020), Credit guarantee for SMEs, case IT-2020-15/636 (measures in Italy), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.