Seven companies in Lazio launch growth projects with minibond resources

Some have used the resources for the development of a software platform, some for investments in energy efficiency, and others to build a new warehouse. These are just some of the projects that have been put in place by the seven Lazio companies that have issued minibonds with the first closing of the Region's Basket Bond Lazio programme, financed through the regional ERDF Lazio 2021-2027 programme. The companies issued minibonds of between EUR 1 and 3 million, for a total of EUR 16 million, thus raising resources from alternative sources to ordinary credit.

Emblematic is the case of Redbox, a company in the province of Rome that recently turned 30 years old and deals with packaging. It has 300 employees and a turnover of almost 50 million. The three million it obtained with the minibond operation is the first tranche of a total investment plan of 10 million over five years. "We will build a factory in Ardea, where we have planned a photovoltaic roof and important automations inside the factory to create a modern and efficient company," explains Diego Meuti, managing director and second generation at the top of the company.

In contrast, Phygiwork, a Rome-based company founded in 2018 and now with a turnover of €10 million, is part of a different sector, providing office space. "The company has grown very quickly and with it the need to find new resources for investment," explains CEO, Roberto Guida. The company obtained EUR 1.5 million from the transaction, which "allowed us to diversify the sources of financing and extend the duration of the loan," he continues. The resources will be used to partly finance 'an expansion and development plan, with technology upgrades, development of an integrated digital platform, and improved ESG certifications', those relating to the company's degree of sustainability.

Looking at the other companies, Fandango (film production company), Grivan Group (lifting equipment such as lifts and escalators), Terravision Electric (passenger transport in urban and suburban areas) got 3 million. While Direzione Lavoro Group (employment agency) obtained 1.5 million and Sicoi srl benefit company (thermal, acoustic and anti-vibration insulation works) 1 million.

"Today more than ever," explained Roberta Angelilli, vice-president of the Lazio Region and councillor for Economic Development, "it is essential to guarantee access to credit quickly and effectively, favouring strategic investments and relaunching the competitiveness of our companies. Our objective is clear: to support innovation, employment and the development of Lazio's productive fabric, focusing on simplification and financial inclusion".