Industry

Army of SMEs grows but loans from banks fall

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by Valeria Zanetti

Comparto. Il comparto è rappresentato da 48mila imprese, il  9,3% del totale nazionale

2' min read

2' min read

A fragmented sector, with a limited production structure and business volumes. The construction sector in Veneto is represented, in 2021 (latest available ISTAT data), by more than 48 thousand enterprises, equal to 9.3% of the national total.

62.1% of these realities have only one employee and another 32.9% from 2 to 9 collaborators, in line with the Italian total. This production structure has an impact on the average company size, which in Veneto stands at 2.7 employees per company (2.8 for Italy), as well as on business volumes at low levels: 70% of the units declare a turnover of less than 200 thousand euros and 15.1% between 200 thousand and 500 thousand euros (overall, 85% of the sector's production offer in the region has a turnover of less than 500 thousand euros).

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Most of the companies, almost 80 per cent, deal with specialised construction work; this is followed by the building construction segment with 20.6 per cent, and finally by the civil engineering segment, which accounts for 1.1 per cent.

Activities are concentrated in the provinces of Padua and Verona (20% each), followed by Treviso (18.3%), Vicenza (17.3%) and Venice (16.2%). Finally, the provinces of Belluno and Rovigo hold small shares of the operating stock, around 4%.

After the crisis that hit the building industry, causing the disappearance of almost 16,000 construction companies in Veneto (-25.7%) from 2009 onwards, since 2020 positive signs have begun to be seen related to the progressive improvement in production levels. In the two-year period 2020-21, in fact, the number of construction companies in the region grew by +5.1% (about + 2,400 units).

The increase involves all size classes, with the exception of activities in the range of 2 to 9 employees. For the last two-year period 2022-23, the data are provided by the Movimprese-Uniocamere survey, according to which in the seven provinces in 2022 there will be about 1,200 more construction companies, equal to an increase in percentage terms of +1.8%. The year 2023 also closed favourably, with a further increase of +1.3% on an annual basis, for about 840 additional businesses.

Doubts, however, are looming over the future, not least because of continued declines in lending for residential construction investments, bank-to-business, with a further -24.7 per cent year-on-year, adding to the -4.4 per cent in 2022.

The decrease in 2023 affected all provinces in the region (with a peak in Verona, -32.2%) and above-average decreases also in Venice and Vicenza.

The same dynamics affected the non-residential sector, with a further drop of 26.9% compared to 2022, with peaks in Rovigo (-57.4%) and Verona (-46.9%). The only province with a positive value for loans supporting investments in factories, warehouses, offices and shops was Treviso (from 79 mln in 2022 to 84 in 2023. Finally, mortgages granted to households to buy homes fell. The fall was transversal and affected all provinces, but Belluno had the worst value with -30.9% compared to 2022.

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