Commission kicks off initiative to bolster internet utilization in education and professional development.
In an effort to address the growing skills mismatch in Italy's labor market, the Italian government has been actively supporting the Fondo Nuove Competenze 3 (New Skills Fund). This initiative, launched to facilitate training and upskilling of employees, particularly those working in companies undergoing transition processes, including green and digital transitions, has been performing exceptionally well.
The Fondo Nuove Competenze 3 aims to help companies adapt to evolving economic and technological challenges by reskilling their workforce, thereby improving employability and reducing the gap between workers' skills and labor market demands. By financing training projects through contributions to companies, the fund encourages continuous learning and workforce development, ensuring that workers' skills match the needs of evolving industries and technological advancements in Italy.
The training system in Italy has been facing challenges, but the Fondo Nuove Competenze 3 has been a beacon of hope. The collection of interprofessional funds for continuous training has risen significantly, from 550 million to 800 million euros. This surge in continuous training has been reflected in the updated list of project applications admitted for evaluation, which includes 13,046 projects.
The third edition of Fondo Nuove Competenze has exceeded expectations, indicating that continuous training is a top priority for the Ministry. The funding allows for the evaluation and doubling of availability for individual businesses. This means that more businesses, including small and very small ones in the supply chain, can now update their skills thanks to Fondo Nuove Competenze 3.
The strength of Fondo Nuove Competenze 3 lies in its ability to facilitate training for businesses. The training projects will benefit 887 people who are either unemployed for at least a year, hired with an indefinite contract or apprenticeship, newly hired in the field of high-level training and research, or admitted to training for subsequent hiring.
Marina Elvira Calderone, Minister of Labour and Social Policies, stated that the Fund confirms itself as the response to the need to train and update workers. The Minister also believes the broad range of proposals presented by sectors and training systems is an important sign of the will to valorize talents and promote networks between businesses in a structural way.
The Fondo Nuove Competenze 3 is an alliance between the State and businesses for the training of skills in various productive sectors and emerging fields due to the great transitions of our time. This initiative underscores the importance of proactively equipping workers with relevant capabilities necessary for current and future job market demands.
In summary, the Fondo Nuove Competenze 3 is a significant step forward in addressing Italy's skills mismatch. By providing over a billion euros annually for continuous business training, the fund is ensuring that businesses have the resources they need to reskill their workforce and adapt to the evolving economic and technological landscape. This approach is crucial for managing transitions like green transformation and promoting active labor market policies that are crucial for Italy's future success.
The Fondo Nuove Competenze 3, with its focus on workforce development and continuous learning, aims to bridge the skills gap in Italy's labor market by financing online education and education-and-self-development projects, thereby helping employees adapt to the demands of evolving industries and technological advancements. As a result, more businesses are actively engaging in training programs to reskill their workers, with the number of project applications rising significantly, as indicated by the updated list containing 13,046 projects.
