Investment in Italy
Investment in Italy
Investment in Italy
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<strong>Investment</strong> <strong>in</strong> <strong>Italy</strong>2.Incentives for <strong>in</strong>vestors2.1OverviewA wide range of opportunities is available for new <strong>in</strong>vestments and for expand<strong>in</strong>g andstrengthen<strong>in</strong>g exist<strong>in</strong>g ones. There are three different sources of <strong>in</strong>centives: European,national and regional. In some cases, <strong>in</strong>centives are offered without dist<strong>in</strong>ction to bothItalian and foreign entities based <strong>in</strong> <strong>Italy</strong>.The <strong>in</strong>centives provided by the European Union and Italian central and local governmentaim to enhance regional development and competitiveness by support<strong>in</strong>g local bus<strong>in</strong>essactivities, re<strong>in</strong>forc<strong>in</strong>g exist<strong>in</strong>g ones or help<strong>in</strong>g start-up <strong>in</strong>itiatives by promot<strong>in</strong>g and <strong>in</strong>tegrat<strong>in</strong>gresearch, <strong>in</strong>novation and tra<strong>in</strong><strong>in</strong>g programmes.The European Incentives Plan for 2007-2013 is aimed at <strong>in</strong>creas<strong>in</strong>g growth and employmentwith<strong>in</strong> the EU Member States and operates with a specific focus on regions. The plan’spriorities <strong>in</strong>clude areas such as knowledge and <strong>in</strong>novation, transport, environmentalprotection, human resources, competitiveness and modernisation of the economy.In order to <strong>in</strong>crease effectiveness, the Italian government has comb<strong>in</strong>ed its national <strong>in</strong>centiveplans with the European one. From 2007 to 2013, approximately EUR 125 billion will beavailable to support <strong>in</strong>vestments <strong>in</strong> <strong>Italy</strong>, with a strong concentration <strong>in</strong> the southern regions.Implementation is through the National Strategic Reference Framework and the NationalOperational Programmes and Regional Operational Programmes, and the follow<strong>in</strong>g EUStructural Funds are <strong>in</strong>volved:The European Regional Development Fund (ERDF) - Its aim is to f<strong>in</strong>ance <strong>in</strong>frastructuresand manufactur<strong>in</strong>g plants to create and safeguard susta<strong>in</strong>able jobs. The ERDF is especiallyaddressed to SMEs and provides various f<strong>in</strong>anc<strong>in</strong>g facilities, <strong>in</strong>clud<strong>in</strong>g venture capital, debtand guarantee funds, etc.The areas of <strong>in</strong>vestment <strong>in</strong>clude development of <strong>in</strong>dustrial sites, research and technology,<strong>in</strong>formation technology, protection of the environment, energy, education, equal opportunities,and transnational, cross-border and <strong>in</strong>terregional co-operation.The European Social Fund (ESF) - The ESF aims to strengthen economic and social cohesionby improv<strong>in</strong>g employment and job opportunities, establish<strong>in</strong>g the follow<strong>in</strong>g priorities:• <strong>in</strong>creas<strong>in</strong>g flexibility of workers, enterprises and entrepreneurs• enhanc<strong>in</strong>g access to the labour market• promot<strong>in</strong>g the social <strong>in</strong>clusion of disadvantaged people• enhanc<strong>in</strong>g network<strong>in</strong>g between higher education, research and bus<strong>in</strong>ess• promot<strong>in</strong>g and ma<strong>in</strong>stream<strong>in</strong>g <strong>in</strong>novative social activities at both <strong>in</strong>ternational and<strong>in</strong>terregional level• strengthen<strong>in</strong>g the effectiveness of the public adm<strong>in</strong>istration and services (only <strong>in</strong> thesouth of <strong>Italy</strong>).18© 2012 KPMG S.p.A., KPMG Advisory S.p.A., KPMG Fides Servizi di Amm<strong>in</strong>istrazione S.p.A., KPMG Audit S.p.A., Italian limited liability share capital companies, and Studio Associato Consulenza legale e tributaria, anItalian professional partnership, are member firms of the KPMG network of <strong>in</strong>dependent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.