Pnrr, from Ced operational proposals: large companies respond to Draghi’s appeal

Large Italian companies respond to Mario Draghi’s appeal. The prime minister had asked the industrialists for “an economic and social pact to be set up in the coming months” in the face of which “no one can be called out”. The Digital Economy Center (Ced) presented in recent days to the Technical Secretariat of the NRP, established at the Presidency of the Council of Ministers, ‘Next Generation Italia – Execution‘, a series of operational proposals for the implementation of the Recovery and Resilience Plan. The document, examined by the Minister for Economic Development Giancarlo Giorgetti and other institutional leaders, was produced with the support and contribution of ideas and proposals from Enel, Eni, I Capital, Leonardo, Open Fiber, Tim and Tinexta for identify priorities and propose solutions capable of marking a distinction between a profitable and far-sighted use of the resources of the NRP and the risk of dealing with a missed opportunity in the future.

There are three guidelines on which the proposals move: the organic inclusion of the Plan in an overall vision of Italy in 2030, the strengthening of collaboration between the public and private sectors, the development of a supply chain model in which the transition of SMEs is also driven by large leading companies. Countries such as France and the United Kingdom have already launched important initiatives in this direction, which Italy could quickly and profitably undertake, especially in some highly strategic sectors.

“The objective of the NRP cannot and must not be just to push the recovery of the economy after the pandemic crisis – explains the founder and president of the Ced, Rosario Cerra – but an opportunity to transform the country and its production system to face the challenges we will face in the coming decades. The approval of the NRP, in fact, not only establishes the availability of huge financial resources for the revival of the economy, but, above all, a historic opportunity to realize a structural change based on the transformative capacity of innovation and the diffusion of digital technologies“.

These, he adds, “can, in particular, play a crucial role in facilitating the transition from a production model based on cost competitiveness to one based on technological competitiveness, which leverages continuous investments in new technologies, research and innovation activities. It is this second model that must become prevalent in Italy, since it is the one capable of providing a stronger and more lasting boost to the dynamics of productivity and growth. The transformative capacity of the policies implemented in the NRP will be the key element for the success of the Plan and on this it will be necessary to have a very strong capacity for direction and coordination “.

The proposals formulated in the Report, signed by Rosario Cerra himself together with Francesco Crespi, Professor of Economics at Roma Tre, are the result of a shared and participatory process that concerns the selection of the topics covered and the identification of policy indications , articulated along specific areas of intervention: Structures, Security and Development. For each topic 2 addressed, the Report provides an overview of the reference context, the objectives set in the NRP and the specific implementation proposals.

As underlined by the Government itself, the actual impact of the investments and reforms envisaged in the NRP will crucially depend on the way in which they are implemented. In particular, the Government estimates that in 2026, the year of conclusion of the Plan, the Italian GDP could be 3.6 percentage points higher than the base scenario, in the absence of interventions. The simulations carried out by the Government show, however, how this increase would be lower if the investment efficiency were lower, with a modest increase of +1.8 percentage points in the low efficiency scenario and a +2.7 if the average scenario is considered. Hence the need for a document that addresses the issue of the implementation of the Plan from the point of view of large Italian companies. “The grounding capacity of the policy guidelines indicated in the Plan – concludes Cerra – represents the key element for generate positive impacts on growth, employment, inclusive and sustainable development. It is with this spirit that we believe that sharing these proposals represents an important opportunity to strengthen the capacity for collaboration between the world of production, knowledge, civil society and institutions. Collaboration that is very necessary for the relaunch of the Italian system and, together, to change the future of our country for the better “.