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-2021-22/2053 – measures in Italy
|Country||Italy , applies nationwide|
|Time period||Open ended, started on 26 May 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Anna Mori (University of Milan)|
|Measure added||13 October 2021 (updated 15 October 2021)|
The prolonged COVID-19 emergency and the related closures have deeply affected the economic activities operating in the textile and fashion industry. More specifically, the prevention and containment measures adopted had negative effects on final inventories in the sectors characterised by seasonality and obsolescence of the products, as the textile products. Accordingly, specific measures have been adopted to contain such negative effects by the Law Decree no. 34, issued on 19 May 2020 (article 48bis), and modified by the Law Decree no. 73, issued on 25 May 2021 (article 8).
The Law Decree no. 34, issued on 19 May 2020 (article 48bis), recognised a contribution in the form of a tax credit, amounting to the 30% of the value of the final inventories in the sectors characterised by seasonality and obsolescence of the products as the textile and the fashion industries. Specifically, subjects carrying out business activities operating in the textile and fashion industry, footwear and leather goods production (textile, fashion and accessories sector) are eligible. The tax credit is recognised up to the usage of the maximum amount of €45 million for the year 2021. The Law Decree no. 73, issued on 25 May 2021 (article 8), extended the maximum threshold to be spent for this measure, amounting to €95 million for the year 2021 and €150 million for the year 2022.
Data or estimation on the use of the measures are not available yet.
|Does not apply to workers||
Sector specific set of companies
||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:
The social partners have not been involved.
The social partners have not been involved. They are expected to be fully supportive.
This case is sector-specific (only private sector)
|Economic area||Sector (NACE level 2)|
|C - Manufacturing||C13 Manufacture of textiles|
|C14 Manufacture of wearing apparel|
This case is not occupation-specific.
Eurofound (2021), Urgent measures to support the textile and fashion sector, measure IT-2021-22/2053 (measures in Italy), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/IT-2021-22_2053.html
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