Investment in Italy

Investment in Italyscenarios. It includes the following objectives:• strengthening of the production system• improvement of the capital market• streamlined measures for sustainable business development and informationtechnology.Industria 2015 is the plan that sets out the action necessary to develop the nationalproduction system and enhance its competitiveness. It includes the following: IndustrialInnovation Projects, Enterprise Networks, and the Business Financing Fund.• Industrial Innovation Projects: measures that encourage the development of specificand highly innovative types of products and services in areas that are consideredstrategic to the development of the country, such as energy saving, sustainable mobility,new life technologies, new technologies for ‘Made in Italy’, and innovative technologiesto manage, preserve and exploit Italy’s cultural heritage. Firms are able to choose thetype and form of financial support that best suits their programmes.• Enterprise Networks: contractual forms of cooperation between enterprises, andespecially SMEs, aiming to increase their critical mass and achieve greater bargainingpower without the need to merge or come under the control of a third party.• Business Financing Fund: its purpose is to facilitate the access of companies,especially SMEs, to credit and capital. The Fund participates in transactions proposed bybanks and/or financial intermediaries to mitigate credit risk.2.3Main incentives offered by the regionsAll Italian regions have issued specific laws providing business incentives such as:• grants or subsidised loans to SMEs for capital expenditure and business creation• aids to the service industry, trade and tourism• aids to local business sectors.These incentives are often combined with local assistance and consulting services, providedby either local or international business development agencies or by regional financialcompanies.Regional programmes are also implemented for the specific purpose of benefitting from theEuropean Regional Development Fund (ERDF) and the European Social Fund (ESF).22© 2012 KPMG S.p.A., KPMG Advisory S.p.A., KPMG Fides Servizi di Amministrazione S.p.A., KPMG Audit S.p.A., Italian limited liability share capital companies, and Studio Associato Consulenza legale e tributaria, anItalian professional partnership, are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.