Recovery Plan, 27 billion for companies
Planned investments for SMEs and digitalization
The Italian Plan for the recovery of the economy, called Next Generation Italy and to be implemented from 2021 to 2026, will have an endowment of 196.5 billion coming from the European Union in the form of loans and grants, according to the draft to be voted tonight in the Council of Ministers. For companies - under the heading of Digitization, innovation, competitiveness of the production system - will be allocated 26.7 billion, of which 19 billion for Transition 4.0, 4.2 billion for ultra-wideband and 5G, 3.3 billion for fast connections and 2 billion industrial policies of supply chain and internationalization.
For the business system, for which incentives are provided to facilitate the digital and green transition, the Plan provides to "stimulate the demand for private investment in capital goods to encourage both the digital transformation of enterprises and the necessary modernization of machinery and equipment with a view to production and energy efficiency" and "support innovative products and processes through a measure dedicated to research and development activities that lead to the adoption of new solutions for the sector or market of reference."
"The new project Transition 4.0 provides multi-year measures to facilitate the planning of investment strategies of companies - it is written in the draft of the Italian Plan - Introduces significant enhancements, both in terms of rates and ceilings of benefits, both in terms of simplification and acceleration of procedures for the provision of the tax advantage. The extension of eligible investments, which from 2021 include a wider range of intangible capital goods, should allow for greater involvement of small businesses".
The project is based on a tax credit articulated for expenses in capital goods (tangible and intangible 4.0), and for investments in research and development, as well as in innovation and development processes oriented to environmental sustainability and digital evolution.
Also in favor of small businesses, the plan provides for a wider pool of intangible capital goods eligible for subsidies and simplified and accelerated mechanisms for the compensation of benefits accrued for companies with annual turnover of less than 5 million euros. The possibility of immediate access to credit could encourage greater investment by SMEs.
Specific funding of 180 million euros is allocated to digital infrastructure for agro-food sectors in southern regions.