Italian government establishes mission unit for’attracting and unlocking investment’

Italian Government approves the decree for the strengthening of the administrative capacity of the PA. The decree contains the establishment of the mission unit ‘attraction and unblocking of investments’ at the Ministry of Enterprise and Made in Italy. The target is facilitating, directing and unbureaucratising the procedures for attracting investments in Italy. The new mission unit constitutes a further step in the Ministry’s overall strategy to encourage and unblock investment in Italy. In fact, Mimit has already equipped itself with tools that go in this direction, including the ‘one-stop shop’ for accompanying international investors and a fund for strengthening the activity of attracting foreign investment, with an endowment of 5 million euro per year. A further measure already in the field envisages that MIMIT will have the possibility of extending its substitutive power in the event of inertia on the part of central administrations in proceedings related to investments that are important for the national production system, for at least 25 million euro and have a significant impact on employment. Among the tools already in place, there is also a measure to reduce slowdowns or vetoes by public administrations when there are projects of national interest for investments of more than EUR 400 million related to sectors of strategic importance, such as microelectronics and semiconductors, batteries, supercomputing and high-performance computing, cybersecurity, the Internet of Things (IoT), low-carbon manufacturing, connected, autonomous and low-emission vehicles, digital and smart healthcare and hydrogen.

Source: Ministry of Enterprise and Made in Italy