Intesa Sanpaolo: 10 billion to promote employment growth

Intesa Sanpaolo has launched S-Loan Soluzione Lavoro , the innovative financing for businesses that aims to encourage employment growth while supporting investments to increase competitiveness, through an " additional reward " mechanism that recognizes a reduction in the interest rate in the event of new hires, particularly of young people and women .

The measure, intended for corporate clients of the Banca dei Territori, is inspired by the Ires premium model and will be able to count on the availability of 10 billion euros for the next three years, within the 410 billion euros foreseen by the group to support projects connected to the PNRR.

The aim of the initiative, as recently announced by Carlo Messina , Managing Director and CEO of Intesa Sanpaolo, is to encourage Italian companies to make high-tech investments, among the strategic levers for Italian competitiveness, which are at the same time capable of determining an increase in productivity and a consequent increase in employment in the long term.

A virtuous circle that supports the public measures in force and sees Intesa Sanpaolo acting as a facilitator to implement the benefits of the Banca dei Territori client companies, to whom S-Loan Soluzione Lavoro is intended, who decide to increase their production capacity, create a new industrial site, produce cutting-edge products and services, promote process automation. The formal commitment to hire new staff represents for business entities the necessary requirement to obtain the facilitation on the reference rate of the financing both in the subscription phase and in the amortization period.

In recent years, employment in Italy has grown , but not at a rate sufficient to close the gap with other European countries. Among young people aged between 15 and 29, the employment rate is 19.2% compared to 34.8% in the European Union. Another important aspect is the share of workers hired on a permanent basis: both in the Italian average and in the youth average, our country is among the worst in Europe.

"The purpose of our intervention, which has 10 billion euros available, is not only to guarantee new economic resources to companies, but to ensure incentives through credit to those companies that focus on technological investments and that combine the commitment to hiring. Investing in technology and at the same time bringing young people into the company, introducing new talent, can represent a new growth engine for the country. SMEs have a clear idea of ​​their development path regardless of the uncertainties of the context" said Stefano Barrese , Head of the Banca dei Territori Division of Intesa Sanpaolo. "From our observatory, we see positive credit dynamics in the first months of the year for both companies and families, and we are strongly convinced that in this phase it is important to accompany the increase in employment in the country by focusing on very relevant areas of expertise. The digital transition and artificial intelligence certainly represent opportunities for growth and development for the economy, but to seize them it is necessary to keep human capital and training central".