Localisation agreements, established by the Inter-Ministerial Economic Planning Committee (Comitato Interministeriale per la Programmazione Economica), offer foreign investors a range of financial, administrative and procedural support to attract industrial investment to southern Italy. They include:
Simplified authorisation procedures
Incentives based on the type and location of the investment
Continuing support – from the Ministry of Economic Development (Ministero dello Sviluppo Economico) and Invitalia (governmental agency for the promotion of inward investments and business development) – in every phase of the procedure
A commitment by local authorities to create and/or improve infrastructures and services in the selected area.
The investment programmes are available for the following sectors:
Manufacturing, renewable energy production, business services and tourism. Eligible investments are those in new plants, or in the expansion, modernisation, restructuring, conversion, reactivation or relocation of existing plants.
The eligible regions are Abruzzo, Molise, Campania, Basilicata, Apulia, Calabria, Sicily and Sardinia.
Investors must apply simultaneously to:
The Ministry of Economic Development
The selected regions.