Molise President offers €700 monthly to move in

12 Sep 2019

The President of Molise, an underpopulated region in the south of Italy, has come up with an interesting way to attract families to move there, as those who move to on of its villages would receive €700 monthly for 3 years. 

‘If we had offered funding, it would have been yet another charity gesture. We wanted to do more; we wanted people to invest here. They can open any sort of activity: a bread shop, a stationery shop, a restaurant, anything. It’s a way to breathe life into our towns while also increasing the population,’ said Donato Toma, the region’s President. The Guardian reports that the village must not have more than 2,000 residents. Newcomers would also have to promise that they would open a business. 

It was announced that towns in Molise with less than 2,000 residents would benefit from €10,000, that would be used for infrastructure and cultural activity promotion. Toma explained, ‘It’s not just a matter of increasing the population. People also need infrastructure and a reason to stay, otherwise we’ll end up back where we started in a few years.’

During the past years, residents moved away from Molise, which has a population of 305,000, with around 9,000 moving since 2014 according to the Italian National Institute of Statistics (Istat). 

The UN predicted that the Italian population will decline in the coming 5 years.