How the Italian economy makes money with the CDP

27 January 20231 year ago babelfish

In 2022 CDP disbursed more than 30 billion euros, more than 125% of the 2022 budget. The investments activated amounted to 80 billion. The companies supported were 45 thousand (+180 compared to 2021), the entities served three thousand (+175%). The economic impact was 1.7% of GDP

WHAT CDP DOES FOR THE ITALIAN ECONOMY

Cassa Depositi e Prestiti pushes the Italian economy: in terms of resources, there are in fact over 30 billion committed, the highest number ever achieved by CDP in its history, equal to over 125% of the 2022 budget, up by over 28% on the previous year, while the investments activated amount to approximately 80 billion with a leverage effect of 2.5 times.

A FINANCIAL STATEMENT FOR CDP

In total, CDP has committed 200 billion in the last 10 years, but in the face of these numbers, the acceleration in support of the Italian economy recorded between 2021 and 2022, the years of the pandemic, is undeniable. As for the return to the economy, the impact is equal to 1.7% of added value generated by CDP in relation to GDP (1.57% in 2021) and 450,000 jobs created or maintained (of which 40% in favor of women and 20% of young people).

EQUITY DOSSIER

On the equity front, Cassa depositi e prestiti has committed over 4 billion for direct investments (including the acquisition of 51% of the vehicle which, with Blackstone and Macquarie, controls Aspi) and allocated 4 billion to funds, of which 750 million entered directly by the group.

VENTURE CAPITAL CHAPTER

While on the Venture capital side, in the last 3 years, 24 VC funds have been financed by the appropriate branch and for every euro invested by Cassa, the funds have raised three. Today, according to the Group, the total investment capacity of the market is 2-2.2 billion a year, but CDP's commitment is less than 10%.

PLANS APPROVED

The last Board of Directors of Cassa Depositi e Prestiti (CDP), chaired by Giovanni Gorno Tempini , approved new operations in favor of companies, territories and projects dedicated to international cooperation for a total value of around 315 million euro. Among the recipients of the operations, above all small and medium-sized companies aiming to undertake new investment programs.

INTERNATIONAL COOPERATION

Other initiatives have been defined in the context of international cooperation and concern funds destined to promote projects for the integrated management and protection of water resources, management of hygienic-sanitary infrastructures, supply of drinking water, management and green and sustainable urban development.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/come-leconomia-italiana-fa-cassa-con-la-cdp/ on Fri, 27 Jan 2023 10:38:19 +0000.