Government backs Milan for post-Brexit shakeup

Foreign minister Alfano: Setting up a pro-Milan task force.

“Who says companies leaving London after Brexit need to go to Frankfurt?” foreign minister Angelino Alfano asked on 31 January.

“Milan has all the right numbers to attract these investments,” said Alfano. He added: “The government is on Milan’s side.”

Alfano was addressing a conference organised by employers’ federation Confindustria to discuss “Economic diplomacy: its impact on the country’s growth”.

Brexit has happened, said the minister, for better or worse: now we should face the challenges of post-Brexit. “I’ve held a meeting at the Farnesina [foreign ministry] and discussed it with colleagues in government. Now we’re going to put together a task force for Milan, because Milan could win the European and global championship.”

The meeting discussed the help provided to Italian businesses based abroad and the government’s support for companies striving for international investment. Speaking with the media after the conference, Alfano added that the foreign ministry was also working hard to ensure Italian companies seeking to invest abroad enjoyed the same advantages and support that foreign companies had in Italy.

As soon as the UK’s Brexit referendum result was announced last July, Milan mayor Beppe Sala made a lightning trip to London, campaigning to attract EU agencies located there to look to Milan for relocation.