Italy has allotted of €250 million ($260.8 million) for the home trend sector this yr, minister of enterprises and ‘Made in Italy’ Adolfo Urso just lately introduced at a gathering of the Everlasting Vogue Desk.
Out of that, €100 million ($104.32 million) is supposed for growth contracts, €100 million for mini growth contracts, €15 million ($15.65 million) to assist a inexperienced and digital transition, and €30.5 million ($31.8 million) has been allotted for selling sustainability within the sector.
Italy has allotted of $260.8 million for the home trend sector this yr, minister of enterprises and ‘Made in Italy’ Adolfo Urso just lately introduced.
Out of that, $104.32 million every is supposed for growth contracts and mini growth contracts, $15.65 million to assist a inexperienced and digital transition, and $31.8 million has been allotted for selling sustainability.
“This significant financial commitment, implemented through concrete tools, aims to provide stability and confidence to fashion businesses, enabling them to return to growth,” stated the minister in an official launch.
A key ingredient on this technique is the Small and Medium Enterprises (SME) Invoice promoted by the ministry and just lately authorised by the council of ministers.
This invoice allocates €100 million for growth contracts within the trend sector and introduces revolutionary measures akin to generational enterprise transition incentives, enterprise aggregation incentives, and the long-awaited reform of the Confidi (credit score assure) system.
The minister stated in over €22 billion will likely be allotted to companies throughout all manufacturing sectors this yr.
The measures launched embody almost €9 billion for fiscal measures below Transition Plans 4.0 and 5.0 and rewarded company revenue tax (IRES); €2.2 billion for tax credit within the Unified Particular Financial Zone (ZES); over €7.5 billion for growth and mini-development contracts; and €1.7 billion below the New Sabatini Scheme.
“This is a significant commitment given budgetary constraints, from which the fashion industry can also benefit,” Urso emphasised. “Of this, €3 billion is exclusively for SMEs and €4 billion is specifically allocated to businesses in Southern Italy,” he famous.
Relating to tax credit score for analysis and growth, Urso introduced an modification to the Milleproroghe Decree, aiming to enhance present provisions from the Finances Regulation. This modification seeks to supply a sustainable resolution to previous points, which proceed to burden trend enterprises.
Amongst different provisions, the modification reopens the deadline for adherence to the compensation process; introduces a reduction as an alternative choice to direct contributions, benefiting companies that have to repay vital quantities; and allocates a complete of €250 million for this initiative.
The labour ministry reported that the style sector’s use of extraordinary wage assist measures has been minimal final yr.
Based on information for 2024 and 2025 from the Istituto Nazionale della Previdenza Sociale (Nationwide Institute for Social Safety), the federal government allotted €110 million for wage subsidies within the trend sector—€73.6 million for 2024 and €36.8 million for 2025. Nevertheless, solely €2.9 million has been disbursed up to now.
Subsequently, each the ministries will provoke discussions with regional governments to increase wage assist measures and redefine their scope to make sure full utilisation.
