EU says yes to a 24 million euros worth Italian scheme to support the cooperatives


EU’s outstretched hand towards workers' cooperatives born to react to the Covid 19 pandemic. The European Commission has approved an Italian scheme worth 24 million euros to support cooperatives set up from 1 January 2022 in the form of small businesses, which were set up with the aim of detecting companies affected by the Covid-19 pandemic. The scheme aims to reduce labour costs incurred by eligible cooperatives and thus to preserve and encourage employment levels.

The measure will be granted by 30 June 2022 in the form of an exemption from the payment of compulsory social security contributions (with the exception of those relating to insurance against accidents at work) for workers who have formed the cooperative, for a maximum period of 24 months from the date of establishment of the cooperative itself.