The comparison on the "early retirees 5.0”, or the companies excluded from the Transition Plan 5.0, brings back to the forefront a structural issue of Italian industrial policy: the need to overcome the logic of episodic instruments with bombastic announcements and strengthen a multi-year program of incentives, with certain resources, predictable timeframes and "industrial" management tools.

In an interview with Adnkronos/Labitalia (https://lnkd.in/dHnMHABe), Ivo AllegroCEO Iniziativa, highlights how the lack of continuity in incentive measures risks directly impacting companies' ability to plan strategic investments, particularly in digital, intangible assets, and innovation related to the Transition 5.0 paradigm.

The risk is that the most dynamic regions of the country, such as Campania and Puglia, will be further hindered. These regions have seen higher growth rates than Lombardy and Veneto in recent years, but without transparency regarding available financial resources and the actual mechanisms underlying the supposedly automatic tools, these regions' businesses are limiting their ability to plan investments consistent with the trajectories of the Industry 5.0 transition.

In this scenario, it becomes crucial to strengthen an industrial policy oriented towards medium-term planning horizons (24–36 months), capable of supporting complex investments and accompanying companies' technological and organizational transformation processes. At the same time, the need for more advanced tools emerges, based on a combination of automation and selectivity, capable of enhancing project quality and improving the effectiveness of public spending.

Public-private integration models, such as public-private partnerships, can also play a key role in streamlining the implementation of development policies and increasing the capacity to trigger investments in local areas.

Both in the field of subsidized finance instruments, where Iniziativa has supported for the last 15 years or so 2,2 billion in productive investments and R&D of Italian companies both on national and EU instruments, as well as in the PPP sector, where the company has supported over 150 operations, the “field” observatory of Iniziativa highlights how the issues raised in the interview are of notable relevance at a time when the end of the PNRR and growing geopolitical tensions require a concentrated effort to avoid industrial decline and a deterioration of territorial competitiveness, especially in historically weaker areas that have shown significant signs of recovery in recent years.

📰 Read the full interview