🌍 Transition 5.0: from PNRR funds, Italy's plan for 2024-2025.
- Simone Zanon
- May 27, 2024
- 2 min read
To accelerate Industry 5.0 in Italy, the government will allocate a €12 billion fund to help businesses over the next two years.
The Italian government has initiated a promotion of digital transition and business sustainability: in 2022, in fact, it approved a plan to invest European funds for the next two years, the "Transition 5.0" package of measures.
Currently the legislation is not formalized, but we report Minister Urso's various statements on the matter.
Enterprises: Industry 5.0 is one of the main points of this transition. Although the situation is not fully outlined, the resources the government would like to allocate are 12 billion euros for the next two years.
Public administration: the Budget Law 2024 allocates 10 million euros to finance the bidding process for the National Strategic Pole, which is then allocated to Defense Services since it is the central procurement agency. This provides a solid foundation for the subsequent digital transition of the PA system.
Sustainable Growth Fund: a significant investment is planned, 110 million euros for 2024 and 220 million euros for 2025. In the industrial context such as Italy's, increasing spending on digital R&D and innovation projects can be essential for the competitiveness of SMEs.
Nuova Sabatini: this measure, which has been consolidated for years now, receives further strengthening with the Budget Law and the Anticipation Decree, with 150 million euros available to facilitate access to credit for companies that want to invest in capital goods, software, equipment or other digital technologies.
Development contracts: resources for innovation and development projects are included in the Budget Law 2024 so that companies can obtain tax relief and non-repayable grants, totaling 500 million euros over the next two years and 100 million euros for the period 2026-2030.
Tax credit for energy produced from renewable sources, Sabatini Green and sustainability: there will also be investments in these categories, again under Transition 5.0, of €1.5 billion for the tax credit, €320 million for Sabatini Green and €400 million for the agribusiness sector.
Transition 5.0, aimed at digitizing the country and making businesses more sustainable, seems to be shaping up more and more.
These new regulations could concretely help companies innovate by improving competitiveness and reducing costs, as well as their ecological footprint. They would promote economic growth and employment in the industrial sector under the ecological and digital transition.
Comments