Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13969)           
UK only International

Italy plans €1bn investment into culture

By Tom Anstey    03 May 2016
Pompeii will receive a €40m investment as part of the package, which will go on essential maintenance of the Roman-era walls and mosaics, which are falling apart and disintegrating. / Shutterstock.com

After announcing plans in January to invest €300m (US$325m, £220m) to protect its most important heritage sites in need of restoration, Italy has earmarked €1bn (US$1.16bn, £790m) for cultural investments on projects across the country.

Culture Minister Dario Franceschini called the plans, "the biggest patrimony intervention in Italy's history", saying that the funds would be divided between 33 projects across Italy.

Addressing members of the press, Franceschini said the massive investment would provide "dreams, kept in drawers, which never had the necessary resources", adding that the plans were "proof that this government believes in culture driving growth", a trend not seen in recent years when many of Italy’s historic cultural locations have been in a poor or decaying state thanks to public spending cuts, corruption and bad management.

Among the investments, €40m (US$46m, £31.6m) will go towards the expansion of the Uffizi museum, with the plans including opening up a “secret” corridor connecting the museum to Florence’s Palazzo Vecchio.

The famous ancient city of Pompeii will also receive a €40m investment, which will go on essential maintenance of the Roman-era walls and mosaics, which are falling apart and disintegrating.

The UNESCO World Heritage Site of Herculaneum, also located in the shadow of Mount Vesuvius and also destroyed with Pompeii in AD 79, will gain €10m (US$11.6m, £7.9m) for repairs and excavation of the site that remains largely unexcavated with around 75 per cent of the site still to be investigated.

€30m (US$34.7m, £23.7m) has also been earmarked for the medieval town of L'Aquila, while €20m (US$23.3m, £15.8m) will go towards restoring Paestum Museum – a major ancient city, famous for its three ancient Greek temples dating from about 600 to 450 BC.

Italy  Culture  Heritage  Dario Franceschini  Herculaneum  Uffizi museum  Pompeii 
Sign up for FREE ezines
Related news

Company profile

Company profile: Life Fitness/Hammer Strength
Life Fitness, Hammer Strength, and ICG are global leaders in premium fitness solutions, trusted by hospitality operators worldwide to deliver consistent, high-quality guest experiences.
View full profile >
More company profiles

Featured Supplier

Elevate 2026 to mark 10-year anniversary with biggest ever waterfront drinks reception
Elevate is set to celebrate its 10th anniversary in style this June, with organisers confirming the event’s largest-ever drinks reception as registrations continue to run more than 10% ahead of last year.
View full details >
More featured suppliers

Property & Tenders

Location: Stratford, East London.
Company: Lee Valley Regional Park Authority
Location: Y Felinheli, LL56 4QN
Company: Newmark
Location: Newhaven, Sussex
Company: EiA Real Estate
Location: Tutbury Castle, Staffordshire
Company: Savills
Location: Oxford
Company: University of Oxford
More properties & tenders

Diary dates

13-13 Jun 2026
Worldwide, Various
21-24 Sep 2026
The Langham Huntington Pasadena , Pasadena, United States
06-08 Oct 2026
Messe Stuttgart, Stuttgart, Germany
22-22 Oct 2026
QEII Conference Centre, London
More diary dates