Investments

Transition 5.0 funds terminated, business alarm. Urso: working for new resources

Bookings for tax credits currently without coverage are already at 500 million. Meanwhile, there is also a race on the 4.0 incentives: Mimit reports that only 200 million remain

by Nicoletta Picchio

7 November 2025

3' min read

Translated by AI

Versione italiana

3' min read

Translated by AI

Versione italiana

Great concern. This is the reaction of businesses to the news, anticipated in yesterday's Sole 24 ore, of the end of the availability of funds for Transition 5.0. An official communication arrived yesterday from the Ministry of Enterprise and Made in Italy: the resources are exhausted, it remains possible to submit applications until 31 December. Reservation notices sent after 7 November will be considered valid: in case of new financial availability, the platform manager will inform companies in chronological order.

'This is a decision that puts a large number of companies in difficulty and is causing great concern. We urgently need to find a solution to protect them and prevent them from losing confidence in the institutions and our laws," commented Marco Nocivelli, Confindustria's Vice President for Industrial Policy and Made in Italy. "Provision must be made for the projects that are on this sort of waiting list without coverage to be financed through prioritisation mechanisms in view of the operation of the new hyper depreciation that will start on 1 January, or through financial bridging solutions that we hope will be adopted in the coming days."

At the moment, there are 500 million euro worth of bookings already uncovered, as yesterday the Gse figure was 3 billion. Until 31 December more bookings can be added to the waiting list.

Mimit claims that, 'in light of the high level of acceptance' of the plan (after the first phase of low draught), it will find an alternative solution to cover the excess applications, 'finding new resources' also 'through continuity solutions' with the new 5.0 hyper-amortisation included in the manoeuvre. In practice - this is one of the ideas on the table - companies on the waiting list with the old plan could have priority access to the new one.

But that is not all. Because companies must also reckon with the imminent exhaustion of resources for 4.0 tax credits: only 200 million of the 2025 endowment of 2.2 billion remain. In this case too - once the ceiling has been reached - the GSE will announce the exhaustion of resources.

The news also caused alarm in the area. Confindustria Vicenza, with its president, Barbara Beltrame Giacomello, expressed 'strong concern. This is an intervention that limits without warning the utilisation by companies to 2.5 billion out of the 6.3 billion initially allocated. This is in addition to the considerable delays that have accumulated over the course of the year. Those companies that despite having planned or initiated investments did not make it in time to prepare the documentation find themselves excluded despite having acted in reliance on a measure provided for by a state law'.

In the evening, the Minister for Enterprise and Made in Italy, Adolfo Urso, also made a statement: 'We have already provided in the Budget Law for the new Transition 5.0, which will start immediately, with 4 billion for 2026. There has been a significant acceleration on the part of companies, and so we have closed the window, allowing for the presentation of projects that will be sequenced according to the date of presentation, because we hope to be able to finance these projects with other resources that we are trying to recover"