Italy is ready to start again. Businesses will now be able to count on new measures to recover from this great crisis. The EU Commission has given the green light to the business decree to deal with the consequences of the coronavirus emergency. It is a series of interventions to support production. With the Cura Italia decree, the government had already started the “first aid” economic maneuver. Different measures for workers and families. The European Union, with SURE, has also allocated a 100 billion euro solidarity instrument to help the countries most affected by the Covid-19. Brussels now gives the green light to new aid provided by Italy for its enterprises.
Business decree, here’s what it provides
EU has adopted two distinct decisions: a green light for measures to support the economy for around € 200 billion; the guarantee scheme for self-employed workers and small and medium-sized enterprises has also been approved. The Ministry for Economic Development informs that on the Guarantee Fund website it is possible to download the guarantee request form up to 25 thousand euros. So, the beneficiaries will have to fill in the form and send it by e-mail, pec, bank or credit consortia to which they will adrress to request the fund. Work is already underway to make all the IT systems and forms needed quickly available. The first money should be paid out in the next few days.
Restart from Made in Italy
Minister Stefano Patuanelli worked on the new measures with the aim of guaranteeing Italian businesses the necessary liquidity to restart their activities, once the health emergency has been overcome. The Fund – already expanded by the Cura Italia Decree with € 1.5 billion – thus completes its transformation into an instrument to support SMEs, to protect entrepreneurs, artisans, self-employed and professionals, as well as to safeguard exports and all those sectors that are the backbone of our production system with the excellence of Made in Italy.