by InTrieste
The regional government of Friuli Venezia Giulia announced plans to allocate an additional €4 million to support high-end tourism development across the region. The move is intended to attract private and institutional investors and accelerate the modernization of the area’s hospitality infrastructure.
“With this additional allocation, we are strengthening a strategic tool for regional tourism growth,” said Sergio Emidio Bini, the regional councilor for Productive Activities and Tourism. “The goal is to make participation in a closed-end real estate fund more attractive, capable of drawing qualified investment and supporting the development of high-quality accommodations. Integrating these financial resources will further encourage the involvement of professional operators, including the National Tourism Fund. This is a concrete step to enhance the competitiveness of Friuli Venezia Giulia and consolidate our destination’s position in national and international markets.”
The new funds supplement an initial reserve of €50 million, part of the Regional Fund for Economic Initiatives, which is intended for financial interventions through participation in real estate funds aimed at modernizing and expanding the region’s tourism infrastructure.
Bini outlined the next steps for the program, noting that a public procedure to select the participating funds and their managers is currently being finalized. “This process will allow the tool to become fully operational,” he said. “The increase in resources not only supports the involvement of private and institutional partners but also responds to the strong growth in tourism in Friuli Venezia Giulia and the rising interest from operators. We aim to accompany this trend with modern financial instruments that can activate investments, upgrade existing facilities, and encourage new initiatives in high-potential areas.”
The initiative focuses on converting and upgrading properties into high-quality accommodations, supporting the growth of tourism enterprises, developing new facilities in strategic locations, and enhancing existing assets. Emphasis will be placed on sustainability, innovation, digitalization, and guest well-being.
Funds will be prioritized for areas with high tourist potential but limited quality offerings, including mountain regions, tourist-oriented localities, rural areas, and underutilized hotel properties, in alignment with regional planning goals.
