On 18th November 2022 Cassa Depositi e Prestiti (CDP), born in Turin in 1850 from a law of the Sardinian Parliament for the mobilization of capital for public works, will be 172 years old.
CDP, a state financial institution with the aim of promoting the economic development of Italy, has evolved over time, going from having functions exclusively as a safe, to being a truly active instrument for supporting the country’s economic fabric.
On 25th November 2021, the BoD of Cassa Depositi e Prestiti approved the 2022-2024 Strategic Plan envisaging a mobilization of own resources of 65 billion euro (+5% compared to the previous three-year period) and attracting a further 63 billion euro from third parties, for a total of 128 billion euros.
The challenges that the country has and will have to face represent a harsh and insidious playground in which to adapt to necessary changes in the fields of Climate Change and Environmental Protection, Inclusive and Sustainable Growth, Digitization and Innovation, Rethinking the Value Chain , represents an activity that can no longer be postponed.
This complex context has led to the identification of 10 areas of intervention aligned with the UN Agenda 2030 Objectives for Sustainable Development (SDGs) and with the missions of the National Recovery and Resilience Plan (NRRP), so that the activity of CDP was best focused on:
| AREA | SCOPE |
|---|---|
| Area 1 | Energy Transition |
| Area 2 | Circular Economy |
| Area 3 | Land Conservation |
| Area 4 | Social Infrastructures |
| Area 5 | Capital Market |
| Area 6 | Digital Transformation |
| Area 7 | Technological Innovation |
| Area 8 | Support to the Strategic Supply Chains |
| Area 9 | International Cooperation |
| Area 10 | Transportation/Logistics Nodes |
Focus on Support to Strategic Supply Chains.
Established & Emerging.
Starting from the assumption that the geographic reconfiguration trajectories of the Global Value Chains (GVC) represent an important opportunity for the Country System and for Italian companies, CDP has paid attention, both to those sectors that historically play a central role to the Italian economy, guaranteeing its prestige and recognition on international markets, both to those supply chains that intercept real emerging transformative phenomena, crucial for the achievement of European and national strategic objectives, linked to energy and digital transitions.
Macro Level Goals.
In this context, three focus areas were highlighted for the achievement of as many macro level goals, deemed decisive for improving the competitiveness and growth prospects of the national productive fabric:
Support for Business Growth
- Consolidation and Promotion of National and European Positioning within Global Value Chains
- Export and Internationalization Support
Context Factor.
In this context, three focus areas were highlighted for the achievement of as many macro level goals, deemed decisive for improving the competitiveness and growth prospects of the national productive fabric:
Launch of a process of simplification and rationalization of bureaucratic procedures that facilitate business activity and the attraction of investments from abroad
- Companies’ Strengthening of managerial, digital and technological skills
- Adequate development of the logistics and transport sector
- Promotion of a support system for R&D activities and the development of the capital market
Transparency & Evaluation.
To maximize the result, CDP’s line of action will therefore be carried forward through interventions that aim at the transparency and accountability of decision-making processes, making use of a set of KPIs for monitoring and evaluating them.
Epilogue.
Learning how to put the different tools of the various provisions into a system constitutes a necessary synthesis of the constituent elements of the lines of action of specific political decisions taken both at national and international level.
Insights.
Sectoral Strategic Guidelines in Support of Strategic Supply Chains (Area 8) & Circular 1 NRRP – FUND 394/81 Circular no. 1/PNRR/394/202 – Intervention: “Digital and Ecological Transition of SMEs with an international vocation.”