Good news for innovation or backward step into food nationalism? The ‘Made in Italy’ bill unravelled

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Georgia Meloni’s government has approved the ‘Made in Italy’ bill, which contains proposals aimed at promoting and protecting products that have strong cultural roots.

It comes as Italy’s falling birth rate is causing alarm in the country. A ‘brain drain’ as young people leave Italy for education or jobs abroad is a further concern.

The proposals therefore aim to both grow the economy, as well as promote social inclusion and support young people – particularly female entrepreneurs.

According to the government, the bill is intended to be a step forward in the promotion and protection of Italian excellence, both within national borders and abroad. The envisaged measures aim to support businesses, promote education and training linked to Made in Italy, enhance the cultural heritage and protect Italian products.

The bill includes the setting up of a €1 billion sovereign wealth fund to finance companies in the country’s strategic sectors, including food. This fund aims to attract capital and make direct and indirect government investments to support businesses.

In terms of ​​education and training, the bill provides the establishment of the ‘Made in Italy’ high school, which will offer a training course aimed at promoting knowledge and skills connected to the excellence of Italian products and tradition.

A new ‘mentoring’ scheme will also be introduced which will allow private employers to enter into contracts for up to 24 months with retired workers to provide mentoring to young new hires. For women entrepreneurs, €15 million has been set aside for the development of new female-led businesses throughout the country.

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