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Approval of the NRRP: 1.2 billion for subsidised financial measures within the Pact for Export framework

The Foreign Ministry strongly welcomes the approval of Italy’s National Recovery and Resilience Plan (NRRP) – announced by President of the European Commission Ursula Von der Leyen, during her recent visit to Rome – to which the Ministry of Foreign Affairs and International Cooperation is fully committed, offering a valuable contribution that aims to further strengthen the subsidised financial tools within the framework of the Pact for Export, as a privileged platform for guiding Italian exports in line with the twofold urgent green and digital transition.

As part of the NRRP, the Foreign Ministry has promoted a new action to support exports by Italian SMEs, in this delicate phase of post-pandemic economic recovery, which envisages allocating Eur 1.2 billion to internationalisation processes. The initiative provides for refinancing of Fund 394/81, managed by SIMEST, which in this case aims to combine support for exports by Italian companies with the objectives of the Next Generation EU, fostering the processes of digitalisation, innovation and sustainability of our companies to strengthen their presence and competitiveness on international markets.

No less than 4,000 companies will benefit from this new initiative spearheaded by the Foreign Ministry, which will pay special attention to projects received from Southern-Italian-based companies and to female and young entrepreneurs.

The Ministry of Foreign Affairs and International Cooperation, in partnership with SIMEST, is already at work to kickstart this initiative, aimed at allowing companies to present their proposals as soon as the Italian NRRP is formally approved, in all likelihood at the next ECOFIN Council in mid-July.