The Italian government has allocated an extra €400 million for basic research over the next three years, according to reports.
Valeria Fedeli, Italy’s research minister, said on 3 September that the money would be allocated to the country’s main basic science fund, called Research Projects of National Interest, Science magazine reported on 7 September. The injection will more than quadruple PRIN’s annual budget, the report said.
A total of €250m will come from unused reserves at the Italian Institute of Technology, the article said. The institute had intended to use about €200m of savings for an expansion, but that plan has now been dropped, it said.