Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure IT-2021-13/1846 – measures in Italy
|Country||Italy , applies nationwide|
|Time period||Open ended, started on 23 March 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Lisa Dorigatti (University of Milan) and Eurofound|
|Measure added||11 April 2021 (updated 10 May 2021)|
In order to support businesses and professionals from the economic consequences of the COVID-19 epidemiological emergency and to rationalise previous supports, Law Decree No. 41 of 22 March 2021 introduced a non-repayable contribution based on the reduction of registered revenues, eliminating all references to sectors of economic activity which characterised previous support instruments.
The non-repayable economic support is granted to those businesses and individuals that have suffered a reduction in their average monthly turnover for the year 2020 of at least 30 percent in comparison to their average monthly turnover for the year 2019. The amount of the contribution is determined as a percentage of the experienced difference in turnover:
In any case, this amount cannot be less than €1,000 for individuals and €2,000 for other subjects and cannot exceed €150,000.
The contribution can be paid by bank transfer directly to the current account in the name of the beneficiary or as a tax credit, to be used exclusively in compensation.
For this measure, Decree Law No. 41 of 22 March 2021 allocated €11 billion.
Not yet available.
||Applies to all businesses||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:
No involvement in drafting the measure
According to the employer association Confindustria, in the new system of supports there are "positive news" compared to the previous Law Decrees (such as the overcoming of the determination of economic sectors which could accede benefits - Ateco codes - and the raising of the access threshold from 5 to 10 million in turnover), but the system is still not "targeted" to support the companies that have suffered the greatest losses.
Eurofound (2021), Non-repayable allowance for businesses and professionals, measure IT-2021-13/1846 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2021-13_1846.html
30 January 2023
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12 September 2022
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.