Italian Government Allocates €250 Million for ZES Development Contracts: Usage Guidelines Established
On December 30, 2024, the Italian government published an article titled “Mimit, 250 milioni per i Contratti di sviluppo ZES: definite le modalità di utilizzo” (Mimit, €250 million for ZES Development Contracts: Usage Guidelines Established). This article announced the allocation of €250 million for ZES (Special Economic Zones) development contracts and provided details on their usage.
What are ZES (Special Economic Zones)?
ZES are designated areas in Italy that offer tax incentives, reduced bureaucracy, and other benefits to businesses and investors to promote economic development and job creation.
ZES Development Contracts
The €250 million allocation is intended to finance development contracts for projects within ZES. These contracts are aimed at supporting projects in strategic sectors such as:
- Energy and sustainable development
- Innovation and research
- Tourism
- Logistics and infrastructure
Usage Guidelines
The usage guidelines for the €250 million allocation establish the following criteria:
- Project Location: Projects must be located within designated ZES.
- Eligible Parties: Businesses, consortiums, and public entities can apply for funding.
- Project Size: Minimum project size is €10 million.
- Funding Amount: Funding can cover up to 50% of project costs.
- Project Evaluation: Projects will be evaluated based on their economic impact, job creation potential, and contribution to ZES development.
Application Process
Applications for ZES development contracts must be submitted through the online platform of Invitalia, the agency responsible for managing the program. The deadline for applications is March 31, 2025.
Timeline
- Call for Applications: January 2025
- Application Deadline: March 31, 2025
- Project Selection: June 2025
- Contract Signing: September 2025
- Project Implementation: 2025-2026
Significance of the Initiative
The allocation of €250 million for ZES development contracts is a significant step in the government’s efforts to boost economic growth in designated areas and promote innovation and investment. It is expected to create new jobs, attract foreign investment, and enhance the competitiveness of ZES.
Mimit, 250 milioni per i Contratti di sviluppo ZES: definite le modalità di utilizzo
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Governo Italiano a new article on 2024-12-30 15:09 titled “Mimit, 250 milioni per i Contratti di sviluppo ZES: definite le modalità di utilizzo”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
86