The NRRP (National Recovery and Resilience Plan) consists of an investment package divided into six “missions”, with the parallel aim of promoting an ambitious reform agenda with regard to:
- government agencies;
- justice;
- simplification;
- competitiveness;
The entire Italian NRRP draws on a total of 191.6 billion Euros and covers a wide spread of interventions, and these in turn have been divided into six sections, known as “
missions“:
- Digitisation, innovation, competitiveness and culture – 40.32 billion Euros
- Green revolution and ecological transition – 59.47 billion Euros
- Infrastructure for sustainable mobility – 25.40 billion Euros
- Education and research – 30.88 billion Euros
- Inclusion and cohesion – 19.81 billion Euros
- Health – 15.63 billion Euros
The NRRP is not limited to Italy. The European Union is allocating 503.62 billion Euros towards Recovery and Resilience Plans for individual countries.
Italy comes second in terms of the size of its grant, preceded by Spain and followed by France with 40.9 billion Euros. The Netherlands is the only country not to have submitted a plan.
Banca Ifis, together with the SME
Market Watch, is constantly monitoring the challenges and priorities expressed by Italian SMEs, including in relation to the NRRP. Surveys taken in 2022 have indicated a limited knowledge of the NRRP, and its possible effects on the individual business or on the sector to which it belongs.
Around 25% of entrepreneurs expect the NRRP to have positive effects on their sector, a figure that rises to over 30% for the Mechanics and Technology sectors. The positive response fell to 22% when respondents were asked to assess the direct effects on their business.
Only 15% of SMEs currently feel they will benefit from the incentives offered by the NRRP. Once again, it is the Mechanics and Technology companies that are most positive, at the rate of about 20% (the highest figure seen at the moment).
Those
SMEs that will benefit from the incentives will mainly do so in the following 3 areas:
