The Italian government has decided to help the National fashion industry. The main representatives of Italy’s fashion sector met with the country’s Minister of Enterprises and of Made in Italy, who assured 250 million euros in 2025 for the relaunch of companies in their business. The funds will be apportioned in this way: 100 million for development contracts, another 100 million for mini-development contracts, 15 million to accompany the ecological and digital transition, and 30.5 million to promote sustainability in the fashion sector.
"A significant amount has been made available through concrete tools to provide fashion companies with the stability and the confidence they need to return to growth,” said Minister Adolfo Urso at the National Fashion Table at Mimit held at Palazzo Piacentini in Roma. The Minister also recalled that during 2025, resources amounting to over 22 billion euros will be allocated to companies in all production sectors. Declaring that "This will be the decisive year, the maximum effort for the industrial relaunch in the challenge of the dual green and digital transition".
Carlo Capasa, chairman of the Camera Nazionale della Moda Italiana, who attended the meeting, commented that "250 million is undoubtedly a useful allocation, although not decisive. Of course, I thank the Minister. Now it will be crucial to ascertain the methods through which the funds will be made available to businesses. For months, we have been fighting to ensure our proposals are considered and transformed into amendments to the budget law, and for this, we thank Minister Urso for the allocation announced today. We acknowledge his personal effort on the Milleproroghe concerning the Research and Development tax credit, which, however, weighs heavily on fashion businesses, and we hope to find a solution different from what is currently proposed, based on a settlement and cancellation as we have repeatedly requested".
"We thank the minister for the invitation to this round table and are happy to be able to listen to the incentive plan launched by the Government for the sector, which is essential for the companies we represent. However, we underscore the urgency to secure long-term structural interventions to the industry, fundamental for the country’s economy, which is at risk of losing skills, quality, and numerous jobs," said Giovanna Ceolini, president of Confindustria Accessori Moda.
As highlighted by Camera della Moda's Fashion economic trends, the fashion industry (including textiles, clothing, leather goods, footwear, jewelry, eyewear, and cosmetics) is to be down 5.3 percent to 96 billion euros compared to 2023, emphasizing an unfavorable tendency already registered in the first half of the year both on the Italian national market and on export markets.
Although exports continue to be a main driver for the Italian fashion industry, they are expected to grow only 2 percent to 90.6 billion euros versus 2023, while previous projections for 2024 saw exports of the overall sector up 5.5 percent to 93.7 billion euros compared to 2023. The leather sector is facing a profound crisis, due to a combination of economic and geopolitical factors, according to Confindustria Accessori Moda. The slowdown in China and Germany and the difficulties in accessing credit dragged the sector down in the third quarter. In the third quarter last year, sales of the above categories were down 9 percent and the projections for the year show a decrease of 8.1 percent compared with 2023.
Photo: Miu Miu SS25
