Cassa Depositi e Prestiti (Cdp) and the Italian Regional Financial Association (Anfir) today signed a new memorandum of understanding with the aim of promote the growth and competitiveness of Italian companies throughout the country.
Common objective: to promote the growth and competitiveness of Italian companies
Through this collaboration, which renews the agreement signed in 2020, CDP and Anfir are committed to define alternative financial solutions to the banking channel, with a particular focus on the use of the European Structural and Investment Funds of the 2021-2027 programming, such as basket bonds or guarantee interventions in tranched cover mode.
Anfir will favor guidance, impulse and coordination activities for the preparation of new initiatives and for the identification of the related financial coverage, through the adhering Regional Finance Companies and in line with the strategic guidelines and decisions of each Region/Autonomous Province. Cdp, for its part, will evaluate whether to invest or finance the projects based on the nature of the intervention and the operational scheme identified.
The role of regional finance companies in promoting innovation and sustainable growth
The collaboration with Anfir is consistent with the guidelines of CDP's 2022-2024 Strategic Plan and confirms the role of cash support for investment in innovation and business development, facilitating access to credit, also through alternative financing channels to the standard ones, through collaboration with financial institutions and operators active on the market.
The regional finance companies have always been a partner of local businesses, with the management of financial instruments and regional facilitation measures, aimed at promoting, on mandate from the respective administrations (regional and/or provincial), the implementation of investments for sustainable growth, innovation and consolidation. The regional finance companies manage almost 9 billion euro and, with the multiplier effect underlying the numerous instruments managed, are able to handle around 22 billion euro.
An opportunity for businesses and support for innovation
Dario Scannapieco, Chief Executive Officer and General Manager of CDP, declared: “By signing the memorandum of understanding with Anfir, CDP makes its expertise available to the regional financial institutions in order to identify and replicate successful models tested on a national scale in support of the financial needs of local businesses. We strongly believe in this collaboration which allows us to further support the innovation and green growth of Italian companies, starting with SMEs".
Michele Vietti, President of Anfir, declared: "The collaborative relationship between Anfir and Cdp, which is confirmed with this renewed memorandum of understanding, is a guarantee for businesses of the continuous and proactive attention of financial institutions, at central and territorial level, towards the needs of growth and strengthening of our production system, to better face market competitiveness. The angle of vision on the regional territories allows our financial companies to identify entrepreneurial excellence, to adequately value them and to support the supply chains, up to the smallest company in the chain, so that they can best express the quality of their products and services ”.
