Resto al Sud (Remain in the South) is an incentive introduced by Invitalia, the national agency for the attraction of investments and business development, owned by the Ministry of the Economy, which helps young people in Central and Southern Italy to start their own business activity.
Resto al Sud is the incentive that supports the birth of new entrepreneurial activities initiated by young people under 46 living in the Central or South Italian regions (and region islands, i.e. Sardinia and Sicily) when submitting the application. The initiative helps young people to start entrepreneurial initiatives for the production of goods in the sectors of industry, crafts, processing of agricultural products, fishing and aquaculture, tourism and supply of services to businesses and to people.
Invitalia’s contribution consists of a loan that covers 100% of eligible expenses, divided into a 35% non-refundable contribution from the total investment and a 65% bank loan.
The benefits are for under 46 that do not have a permanent employment relationship for the entire duration of the loan and that do not already hold other business activities in operation.
Resto al Sud is a project that allows young people to do business on their homeland by benefiting of a series of economic advantages to realize their ideas for the creation of new green jobs and activities and also by supporting them to learn skills and gain experience that could then be useful to enter the labor market.
The difficulties that young people will encounter are related to successfully carrying out their business, as Invitalia helps to get started, reducing the initial risk, to start their business ideas, but then it will be up to them to create a winning business plan that allows their project to have a follow-up.
Resto al Sud (Remain in the South) does not ask to have assets behind and does not ask for guarantees. It is the ideal world for doing business and has been designed to reward innovative ideas of contemporary activities. The main purpose is to reduce the unemployment rate.