The measures include deferral of deadlines for payments of local and regional taxes and exemption from tax payments, establishment of a regional revolving fund of €2 million to subsidy loans for self-employed, micro and small to medium size enterprises (SMEs), and introduction of interest relief on liquidity financing for businesses.  All those whose income-generating activities were suspended due to health emergency measures receive monthly allowances of €400.

The authorities have increased social security payments to those most at risk, including raising child support money by €100 per child for low income families, and €350 000 additional funds for municipalities to provide food and other basic supplies to the most vulnerable.

 

The second package comes in addition to the initial package of €3.7 million aimed to respond to the economic shocks and lack of liquidity with a particular attention to the local SMEs and support to students needing to access digital learning materials. 

As one of the measures, the councilors’ allowances and political groups’ budgets have been reduced and the money repurposed towards emergency healthcare.

President of Valle D’Aosta’s Commission on General Affairs and our group member Pierluigi Marquis was the rapporteur for the COVID-19 support measures proposals on both occasions with the second one approved almost unanimously. He has pushed for an urgent adoption of the proposed measure and committed to work on the next package of recovery measures for the region.