Our CEO Ivo Allegro, its Adnkronos underlines the importance of a long-term vision for the relaunch of the South.

La Repetition compulsion is the "uncontrollable, completely unconscious tendency to place oneself in painful or distressing situations, without realizing that one has actively determined them, nor that it is a repetition of old experiences". This definition fits perfectly with ineffective "support policies" for the development of the South of the last 35 years.

Based on decades of experience Iniziativa, which in the last 15 years alone has supported over 2,2 billion in investments with subsidized resources, in an interview with Adnkronos the CEO of Iniziativa, Ivo Allegro he tried to outline 7 essential points for a policy that is not extemporaneous and far from the bombastic announcements for the development of the South.

1. Multi-year programming of the entire complex of incentives with a programming framework that provides certainty over time to tools and resources

2. Creation of industrial and highly qualified processes for the evaluation and selection of operations with certain deadlines (in Italy the time to grant can exceed 36 months) also favored by the stability of the programming framework. Shortcuts, such as click days or automatic facilitations, especially when resources are scarce, fail.

3. If you don't have the resources, you can't implement a blanket policy, but you need efficient selective mechanisms;
4. We need to move away from the rhetoric of SMEs – treating micro, small and medium-sized enterprises as a single mass in the face of profoundly differentiated realities in terms of development needs is a mistake;
5. A few tools are needed, well differentiated, stable over time and with adequate equipment;
6. National policies must be coordinated with regional ones – redundant duplication is more suited to political purposes, the one with a small p that has caused so much damage in the South, than to the need to attract, retain, support and develop investments and the growth of the productive fabric;
7. We need to work on facilitative tools that integrate with financial tools – in the South it is necessary to stimulate the birth of a financial market. Deploying financial instruments, which having a revolving nature generate limited absorption of permanent capital unlike the non-repayable fund, would allow to increase the rate of financial coverage of investments and generate higher investment rates, accustoming companies to escape from the dependence on the non-repayable fund.

For the full article, click here: Adnkronos