Investments

Signs of confidence in Italia from London: reforms, SMEs and alternative finance

At the UK-Italia Business & Investment Forum, international businesses and investors highlighted the opportunities offered by the Italian market

by Nicol Degli Innocenti

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Italia is reaping the benefits of the reforms it has undertaken and consolidating its role as a preferred destination for international investors: this was the message shared by business leaders at the first edition of the UK-Italy Business & Investment Forum, organised by the London office of the Italian Trade Agency and the Italian Embassy in the United Kingdom, which took place today at Casa Italia in London.

From specialised manufacturing to space technology, and from infrastructure to renewable energy, Italia offers investment opportunities and a supportive ecosystem.

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“We entered the Italia market because there has been a shift in mindset and the government has made a deliberate decision to open up the energy market and make it competitive,” said Hamish Lazell, Strategy Director at Octopus Energy, emphasising that liberalisation has created better conditions for both businesses and consumers.

A company such as Spaceflux, which specialises in tracking space debris, has chosen Italia for its strong ecosystem, which includes major firms such as Leonardo, highly specialised small and medium-sized enterprises, and excellent universities, said Marco Rocchetto, CEO and co-founder.

“The structural reforms of recent years have strengthened the foundations of the economy, enabling Italia to better absorb geopolitical shocks,” said Marika Cioffi, the Bank of Italy’s representative in the United Kingdom, in her speech. “ “The banking sector, in particular, has evolved from a source of vulnerability into a source of stability and strength, whilst a more diversified financial ecosystem supports start-ups and the most innovative sectors, stimulating growth.”

Testimonies from representatives of the venture capital, private equity, private credit and infrastructure sectors have confirmed the sector’s evolution and the growing openness of businesses – particularly SMEs – to alternative forms of financing.

“Private credit accounts for 1 per cent of capital allocation, so it is a sector with great potential,” said Stefano Sciacca, Founding Partner of Aluna Partners. “The opportunities to finance Italian SMEs are enormous, whilst political stability has reduced country risk.”

Italia is Europe’s second-largest manufacturing nation, but it is also the most fragmented; an important role of alternative finance is to facilitate the expansion and internationalisation of family-run SMEs in particular.

At the heart of it all, however, lies the ability of Italian companies to create and innovate. “The Italian entrepreneurial spirit is truly unique,” said Giorgia Pontico, Senior Vice President of iCON Infrastructure, an investment fund specialising in infrastructure in Europe and North America.

From the perspective of post-Brexit Britain, a presence in the Italia market can also open the door to other European countries and serve as a springboard for expansion even beyond the EU’s borders.

“Italia has become a strategic location not only for accessing our market but also for accessing the markets of Southern Europe, the Middle East and North Africa,” said Giovanni Sacchi, Director of the Italian Trade Agency in the United Kingdom and Ireland.

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