Three out of 10 Italian entrepreneurs unaware of Italy’s recovery plan

Small companies, which make up a significant percentage of the country’s manufacturing sector, are particularly in the dark, the researchers explained. [shutterstock/jokephatapranog]

Three in ten Italian entrepreneurs have little or no idea what the national recovery and resilience plan set by PM Mario Draghi’s government stands for although the deadline to submit projects for funding is looming, a survey published by market research institute Format Research has found. The survey canvassed 900 Italian managers and entrepreneurs.

With Italy being the biggest beneficiary of Next Generation EU funds by absolute value, the recovery plan is meant to boost the country’s post-pandemic economy, focusing on sustainability and digital development.

Small companies, which make up a significant percentage of the country’s manufacturing sector, are particularly in the dark, the researchers explained. “They do not think they can be involved in the process,” they added, underlining the importance of directing inclusive communication towards small and very small business owners.

However, entrepreneurs of medium and large businesses are more aware of the opportunities that come with the government recovery plan, the survey added.

Among them, 93% stated they will direct their investments on energy efficiency, while 87% said they would turn towards renewable energies as a priority, and 77% confirmed their interest in the modernisation of industrial waste management systems.

(Viola Stefanello | EURACTIV.it)

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