Pdl approved for reorganisation of veneto sviluppo and veneto innovazione. Marcato, ‘important milestone to project the veneto region into the future’.

As far as Veneto Innovazione is concerned, upon completion of the reorganisation process, it will become the entity in charge of managing approximately EUR 600 million, between regional and ERDF resources, to be allocated to companies through loans or guarantees.


Economy - published on 28 June 2023


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Source: press office Giunta regionale del Veneto

(AVN) – Venice, 27 June 2023

“This is indeed an important milestone, which crowns a year of work on a bill that will ensure a qualitative leap in the management of public funds, bringing about an effective unbureaucratisation of the processes. I would like to reiterate my satisfaction with the amount of work that has gone into the approval of the reorganisation of Veneto Sviluppo and Veneto Innovazione. It is a necessary intervention to make the regional companies more competitive and to strengthen the propulsive thrust that we have a duty to guarantee to our economy’.

This is the comment made by Roberto Marcato, regional councillor for economic development and energy, following the regional council’s approval of the draft regional law that provides for the reorganisation of regional company holdings into a single group with the reorganisation of Veneto Sviluppo. This reorganisation will allow its subsidiaries to be directly entrusted with in-house providing. Veneto Sviluppo will be in charge of managing the participations in other companies and equity funds, also through its subsidiary, FVS SGR. As far as Veneto Innovazione is concerned, upon completion of the reorganisation process, it will become the entity in charge of managing approximately EUR 600 million, between regional and ERDF resources, to be allocated to companies through loans or guarantees.

Through the new regional law, the Region therefore intends to revise the organisational module it has been using to implement policies in favour of the territory, specifically providing for a reorganisation of the regional instruments on access to credit and facilitations for companies and a reorganisation of Veneto Sviluppo to allow its subsidiaries to be directly entrusted with in-house providing.

“This is an important reform that will allow Veneto Sviluppo, in its new role as a financial company under the region’s total control, to support, through regional planning and in a direct manner, interventions of a financial nature aimed at Veneto enterprises,” explains Francesco Calzavara, Councillor for Corporate Participations. “Veneto Innovazione will also develop innovation projects in the digital sector and technological transformation that will offer prospects and opportunities to an ambitious Veneto, which is increasingly oriented to make its mark in this field.

“We thank our fellow regional councillors for the cooperative spirit they have shown, having understood the importance of the initiative right from the start,” concludes Roberto Marcato. “Today’s debate and approval without any dissenting votes are the result of a swift and effective sharing process. I am satisfied with this collaboration because the implementation of the reform will bring real benefits to the Veneto region’s economy thanks to greater efficiency and substantial economies of scale’.

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