CDP (Cassa Depositi e Prestiti) subscribed to a warranty agreement with the European Commission within the InvestEU programme for a total value of 355 million euros. The agreement will allow theaccess to 750 million million of new CDP loans to be used for investments throughout Italy in support of Research and the development and the ecological transition of businesses, social and sustainable infrastructure and, for the first time, affordable social housing projects.
The agreement was signed at the CDP headquarters in Rome, with the participation of the Commissioner for the Economy, Paolo Gentiloni, of the President of CDP, Giovanni Gorno Tempini, and of the Chief Executive Officer and General Manager of CDP, Dario Scannapieco.
Third agreement with the European Commission
It is ithe third chord signed by CDP with the European Commission inscope of InvestEUwhich plans to mobilize a total of €372 billion in new investment over the next five years across the European Union.
Thanks to its role as implementing partner of InvestEU, in the last six months CDP SpA e CDP Equity they managed to engage altogether over 1,2 billion in investments in consultancy, business, startups and social and sustainable infrastructure, including affordable social housing projects. Operations in line with the 2022-2024 Strategic Plan of the Group, which plans to mobilize over €128 billion in investment by 2024.
"Invest EU promotes investments in the EU that will help us achieve our common goals, especially for the ecological transition is that digital. Today's agreement will further consolidate our commitment to Cassa Depositi e Prestiti under the InvestEU programme. We are delighted to be able to draw on CDP's vast experience and expertise, helping to direct total investments of up to 750 million euros across Italy to improve citizens' lives, foster business competitiveness and develop infrastructure,” he said. Paolo Gentiloni, Commissioner for the Economy.
