What is the NRRP
The National Recovery and Resilience Plan (NRRP) is the instrument created by the Italian Government to implement Next Generation EU, the plan approved by the European Union that aims to rebuild Europe and lead the way out of the crisis brought on by the Covid-19 pandemic. Italy is the first beneficiary of the resources allocated among all the EU Member States, for a total amount of €235 billion.
The 6 missions of Italy’s NRRP
By implementing the guidelines of the European plan, Italy has focused the goals of the NRRP on inclusion, giving priority to bridging the territorial, gender and generational gap.
For more information on the NRRP visit the NRRP portal.
The role of the Cassa Centrale Group
The Cassa Centrale Group, which has been standing alongside the companies and local areas in which it operates since its inception, has chosen to play an important role in supporting companies looking to access European funds, also thanks to the professionalism of the corporate consultants of its affiliated banks (by providing support in the selection of projects and in obtaining funds) and dedicated financing instruments.
For this reason, the Cassa Centrale Group has chosen to stay close to the beneficiary companies of the NRRP, with an amount of €1 billion that will be usable over a period of 5 years (2021-2026) to support investment plans.
“The Cassa Centrale Group, made up of authentically local banks that pay close attention to local areas, – affirms Mario Sartori, CEO of the Cassa Centrale Group – aims to promote the use of all the opportunities that present themselves. We will play a leading role in this crucial phase for our country, developing synergies with all the actors involved, both public and private, fully in line with the principles and values that have always characterised mutual credit cooperation.”
IN-DEPTH - The European Recovery Plan
The European Commission has proposed a wide-ranging plan for Europe’s recovery, exploiting the potential offered by the European Union budget with the main objective of mitigating the economic and social impacts caused by the Covid-19 pandemic, relaunching the EU’s economy (the so-called “Next Generation EU”).
- EU budget: €1,100 billion
- Next Generation EU: €750 billion
The Recovery Plan approved by the European Union aims to rebuild Europe and lead the way out of the crisis brought on by the Covid-19 pandemic, aiming for a more sustainable, digital and resilient Europe along three main guidelines for transformation.