New Competencies Fund

INPS

Tax Credit

0 Millions €
Maximum per instance
0%
Hourly Wage Funding
0 h
Minimum Training Duration
0 h
Minimum Training Duration
0 gg
Training Project Duration

How It Works

The New Skills Fund provides reimbursement for labor hours and cumulative incentives for the development of workers' skills

The New Skills Fund provides reimbursement for labor hours and cumulative incentives for the development of workers' skills

The New Skills Fund operates through the reimbursement of labor hours, including social security and welfare contributions, allocated for participation in skills development programs. The incentives provided by the Fund can be combined with those offered by Interprofessional Funds, allowing companies to train their employees completely free of charge

The instances for accessing reimbursement are managed by Anpal, the National Agency for Active Labor Policies, while the actual disbursement of the contribution takes place upon request from Anpal and through INPS (National Institute for Social Security)

Who is it aimed at

The New Skills Fund is aimed at all private employers, including publicly owned companies, who meet certain requirements.

  • They must be in compliance from a contributory, tax, and welfare perspective

  • They must not be in conditions of liquidation, bankruptcy, cessation of business, preventive composition agreements, or in proceedings aimed at declaring any of these situations

  • They must not have judicial or extrajudicial disputes with ANPAL related to public contributions

  • They must have signed collective agreements for the restructuring of working hours aimed at training paths for the enhancement of workers' skills by December 31, 2022. These paths must be carried out within the areas defined by the mentioned decree and the relevant notice, including in the course of 2023.

Eligible Expenses

The expenses that can benefit from the tax credit include costs related to training personnel, training participants, and activities related to the training project

The eligible expenses that can benefit from the tax credit include various categories of costs. These costs encompass personnel expenses related to trainers and participants in training activities. Additionally, eligible are operating costs directly related to the training project, such as travel expenses, materials, supplies, and the depreciation of tools and equipment used exclusively for the training project. Accommodation expenses are excluded, except for minimal ones necessary for participants with disabilities. Furthermore, among the eligible expenses are the costs of consulting services related to the training project, as well as indirect overhead costs like administrative expenses, rent, and general expenses.

How to Apply

Submitting an application to the New Skills Fund involves sending a single request containing a training project.

Each employer can submit a single request with a single training project. Only in cases where the training involves multiple categories of workers (managers and non-managers) and the reference interprofessional funds are different, it will be possible to submit two separate projects to the Fund, always in a single application

Applications can be submitted from 11:00 AM on December 13, 2022, until February 28, 2023, and will be processed and funded in the chronological order of submission, subject to the availability of resources. Additional requests will be placed on a separate list and considered for evaluation only if new resources become available and are compatible with the required timelines for implementation and subsequent reporting.

The following information is required for the submission of applications:

  • Employer's Personal Information
  • Personal information of the training provider and of the entity that issues the certification of acquired skills, if different from the former.
  • Collective Agreement for the Rescheduling of Working Hours
  • Training Program
  • Details of the involved workers (tax codes, number of hours of reduced working time for training, and the estimated cost of labor based on what is established by the decree and the notice).

The total contribution can reach a maximum of 10 million euros for each application. Training projects, with a duration ranging from 40 to 200 hours, can also be implemented in 2023. All training activities and related reporting must be completed within 150 days from the date of approval communication

How May We Assist You

Professional Consultation for Access to the New Skills Fund

We are here to offer you a comprehensive and professional consulting service for the entire process of accessing the New Skills Fund, from application submission to final reporting

We carefully assess your company's situation, guide you in the accurate completion of all necessary documentation for the application, ensuring compliance with required requirements and current regulations, and ensuring adherence to the specified timelines and deadlines.

We assist you in reporting eligible expenses and submitting the application to the competent authorities, providing continuous support to handle any audits or requests for additional information from the authorities.

Don't let administrative complexity become a barrier to accessing the New Skills Fund and obtaining the benefits your company deserves

Contact us to learn more and seize the opportunities offered by the New Skills Fund.

 

Contact Us Now
Discover all the advantages

Contact Us Now
Discover all the advantages