CDP to provide 17.8 billion in funding to Lombardy’s manufacturing sector
Confindustria and CDP Venture Capital have signed a memorandum of understanding to boost innovation. The national roadshow has concluded in Milan
Starting in Rome and ending in Milan, the tour crossed Italy in eight further stages. The roadshow organised by CDP and Confindustria, which involved local businesses, representatives of trade associations and the financial sector, concluded in the Lombard capital with the aim of promoting local development and providing solutions to the challenges facing businesses. Lombardy is a key region for the CDP Group, a region to which it has allocated nearly 18 billion since 2022, in the form of funding to support the productive sector, focusing on business competitiveness, international growth and strategic infrastructure.
“The conclusion of the Roadshow,” explains CDP Chairman Giovanni Gorno Tempini, “marks the culmination of a dialogue that has highlighted the potential and contribution of local areas to the country’s competitiveness. Our work alongside businesses will continue, in the belief that it is essential to work together as a system to tackle the transformations of our time.”
“Over recent months,” explains Dario Scannapieco, CEO of CDP, “we have strengthened the joint commitment of CDP and Confindustria to supporting the Italian manufacturing sector. The experience we have gained has given us a shared working method, which we will continue to put at the service of businesses to support their growth and contribute to the country’s development.”
“The collaboration between CDP and Confindustria,” explains Alvise Biffi, President of Assolombarda, “is an important opportunity to support business growth and translate national commitments into concrete projects at a local level. One of the main challenges is to encourage the scaling up of SMEs through industrial mergers, including by identifying financial instruments with timeframes consistent with those of industrial development. As Assolombarda, we are already active in this area through Bancopass’s Capital Matching portal, which, since its launch last February, has received over 110 requests for business matchmaking. The partnership with CDP can help us turn these opportunities into concrete pathways for growth.”
“In a region with a strong manufacturing tradition and a propensity for innovation such as Lombardy,” explains Giuseppe Pasini, President of Confindustria Lombardia, “CDP’s support has a leverage effect on the economy that extends beyond regional and national borders. With the end of the National Recovery and Resilience Plan (PNRR), the risk of centralisation and cuts to cohesion funds, and the absence of an industrial policy, Confindustria Lombardia believes it is essential to work together to safeguard our country’s interests: from this perspective, CDP is an indispensable partner for the Italian economy.” ““This roadshow,” comments Angelo Camilli, Vice-President of Confindustria for Credit, Finance and Taxation, “has confirmed just how important it is to start with the practical needs of businesses in order to develop effective responses to the challenges of growth. Over ten stops, we have compared different regions, the production system and financial instruments, strengthening the dialogue between Confindustria and CDP. We are now called upon to build on this work, facilitating companies’ access to the resources and expertise needed to invest, grow and compete on international markets.”
