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Factsheet for measure IT-2021-22/2051 – measures in Italy

Fund to support closed economic activities

Fondo per il sostegno delle attività economiche chiuse

Country Italy , applies nationwide
Time period Open ended, started on 26 May 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation
Author Anna Mori (University of Milan)
Measure added 13 October 2021 (updated 15 October 2021)

Background information

The prolonged closure of the activities imposed by the Law Decree no. 19, issued on 25 March 2020 (articles 1 and 2), converted into the Law no. 35, issued on 22 May 2020, has undermined the financial sustainability of the economic activities affected. Accordingly, in order to favour the continuity and the survival of these closed activities, the Law Decree no. 73 (article 2), issued on 25 May 2021, introduced a specific fund to support closed economic activities.

Content of measure

The Law Decree no. 73 (article 2), issued on 25 May 2021, introduced a specific fund to support closed economic activities. Specifically, it provides a financial support to those activities which have remained closed as according to the legislative provisions for at least four months during the period between 1 January 2021 and the day of the implementation of the Law Decree no. 73/2021.

The Ministry for the Economic Development establishes the "Fund to support closed economic activities" with a total endowment of €100 million for the year 2021, according to the article 77 of the Law Decree no. 73/2021.

Use of measure

Data on the use of the measures are not available.

Target groups

Workers Businesses Citizens
Does not apply to workers Applies to all businesses Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role No involvement as case not in social partner domain No involvement as case not in social partner domain
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • No involvement
  • Main level of involvement: N/A

Involvement

The social partners have not been involved.

Views and reactions

The social partners have not been involved.

Sources

Citation

Eurofound (2021), Fund to support closed economic activities, measure IT-2021-22/2051 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2021-22_2051.html

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