The Sustainability Report 2023

Invitalia: support for companies, people and territories

There are more than 64,000 enterprises supported by the group in 2023. Of these, more than 4,200 are new, 40% of them created by women. In addition, there are almost 31,000 jobs that the incentives have helped to create or safeguard, 48% of them in southern Italy.

29 July 2024

3' min read

Key points

In 2023, 5.9 billion subsidies are allowed
Innovation
Enterprise Support
Pnrr
Invitalia: "Gender Pay Gap cleared two years early"

3' min read

There are more than 64,000 companies supported by the Invitalia Group in 2023. Of these, more than 4,200 are new, 40% of them created by women. Almost 31,000 jobs have been created or safeguarded by the incentives, 48% of them in southern Italy. These are some of the results achieved by the group last year and contained in the new Sustainability Report, which give an account of the value generated for people, the environment, communities and territories, institutions and companies.

In 2023 there are 5.9 billion eligible subsidies

The value of eligible subsidies has risen significantly, from EUR 4.6 billion in 2022 to EUR 5.9 billion in 2023, due to the increase in the average value of supported investments (EUR 365,000 compared to EUR 50,000 last year). The EUR 5.9 billion is broken down as follows: EUR 2.5 billion for the realisation of large investments, EUR 2.3 billion for the strengthening of the production system, EUR 419 million for the establishment of new companies, and EUR 103 million to support companies in crisis areas. Added to this is the support activity for the implementation of Ipcei (Important Projects of Common European Interest) worth EUR 662 million. The value of investments activated through the facilities is EUR 23.4 billion, of which 26% in the south of Italy. With regard to equity operations, 12 operations were implemented in 2023 through the Cresci al Sud Fund and the Fondo Salvaguardia Imprese, worth EUR 45.8 million.

Innovazione

With regard to the push for innovation, in 2023 the subsidies allowed for research and innovative investments amount to EUR 1.1 billion. Specifically: EUR 682 million for the development of microelectronics and hydrogen supply chains; EUR 372 million to support sustainable transformation and innovation processes; EUR 60 million for 122 start-ups and innovative SMEs supported by Smart&Start Italia incentives; EUR 18 million to promote patent protection (25% in Southern Italy).

Enterprise Support

As regards support for the business world, the group injected EUR 48.3 billion of liquidity into the system, thanks to guarantees granted and subsidised loans disbursed. More specifically: EUR 21.7 billion in guaranteed liquidity credit, EUR 21.3 billion in guaranteed investments, EUR 3 billion in market-rate loans, and EUR 2.3 billion in incentives disbursed.

Pnrr

Under the NRP, the group supported 20 administrations in the implementation of programmes with a total value of EUR 45.7 billion.

With regard to support for the environmental and digital transition, in 2023 about 4,000 projects (35 per cent in the Mezzogiorno) were eligible for financing, for a value of EUR 2.9 billion and activated investments of EUR 9.5 billion. In particular, EUR 1.2 billion (with activated investments amounting to EUR 5.8 billion) was earmarked for large-scale business investments to support the sustainable transformation of production processes and to develop strategic supply chains in the wind, photovoltaic, battery, and renewable hydrogen sectors.

As far as consumer incentives to promote sustainable mobility are concerned, 351 million euro were disbursed through the measures Ecobonus and Bonus electric charging stations.

Invitalia: "Gender Pay Gap eliminated two years early"

Finally, Invitalia explains that it has achieved completeequal pay between men and women in equal positions in advance of the goals of the Strategic Sustainability Plan, which envisaged a reduction by 2026. In Invitalia, women represent more than 50% of all employees and exceed 40% in managerial positions. In the last two years, the presence of women in managerial roles has grown by around 60%. The growth in the number of employees under 30 is also continuing and has doubled in the last two years (data updated to June 2024). More than 40% of the group's Board members are women, with the percentage rising to 60% for the parent company.