With “Future Guarantee”, the Cassa Centrale Group consolidates its partnership with SACE to support the growth and sustainable transition of Italian companies
The SACE guarantee provides 70% coverage for transactions of strategic importance for the country's economy in terms of internationalisation, economic security and activation of production and employment processes in Italy.
Trento, 20.03.2024 – The Cassa Centrale Group strengthens its collaboration with SACE by signing the “Future Guarantee” agreement with the aim of encouraging and supporting the growth process of companies in Italy and on global markets.
The “Future Guarantee” agreement allows the Group's banks to make available to companies the SACE guarantee with 70% coverage to support transactions of strategic importance for the country's economy in terms of internationalisation, economic security and activation of production and employment processes in Italy.
The loans will be granted for investments, already incurred or still to be incurred, or for working capital needs that fall within the macro categories identified by Sace. These include: infrastructure (priority, energy, water, social or digital), development of economically disadvantaged areas, reduction of seismic and hydro-geological risk, strategic supply chains, technological and digital innovation, and female entrepreneurship.
The new agreement - which is added to the “Green Guarantee”, already stipulated previously between Cassa Centrale Group and SACE - once again confirms the commitment to finance the sustainable transition of companiesinnovation, the competitiveness of the country and of Italian businesses around the world, and employment levels through new tools and an increasingly multifarious offer.
“Our support given to the investments of businesses, especially SMEs, and to the Italian economy has become structural with Future Guarantee" – said Daniela Cataudella, Head of Dynamic Business Solutions at SACE. – "Working as a team with the Cassa Centrale Group is an important step in continuing our support to Italian companies in the transition towards sustainability and innovation, so as to make them increasingly competitive both in Italy and abroad”.
“The well-established partnership with the SACE Group, also thanks to the signing of this additional agreement, allows us to support investments useful for the development and growth of Italian SMEs even more tangibly, confirming the Cassa Centrale Group's ability in knowing how to respond to the ever-changing needs of businesses. In this way, we renew our commitment to favouring the various sustainable and digital transition processes of companies, able to increase their competitiveness with a direct impact on the cost-effective fabric of the country”, commented Letterio Merlino, Chief Lending Officer of Cassa Centrale Banca.