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A VR CORPORATENEXT LANDMARK MASTERY PROJECT
UNLOCKING BULL MARKET OPPORTUNITIES
ITALIA
S I S T E M A

I N V E S T I R E
S I S T E M A
GATEWAY
The VR CORPORATENEXT’s MAGHREB Council is a specialised Regional Initiative and an Operational Body within the firm’s broader Intergovernmental Affairs and Corporate Advisory framework, focused on the Maghreb Region (North Africa, encompassing countries such as Morocco, Algeria, Tunisia, Libya, and Mauritania).
It is presided over by Giovambattista Scuticchio Foderaro, Chairman, Founder, President, and CEO of VR CORPORATENEXT, the Departments and Divisions, the CENTER for GLOBAL STUDIES & Applied Sciences and the Scientific Committees.
The Council acts to translate global operational capabilities and technical and scientific knowledge into concrete, sustainable bilateral and multilateral outcomes in the Maghreb, supporting long-term regional stability and growth among Italy, the European Community, and Mediterranean stewardship.
INDUSTRIAL
GENERAL AFFAIRS
INFRASTRUCTURAL
&
GOVERNMENTAL
ENTERPRISES & ORGANISATIONS
JOIN FORCES WITH
DIPLOMATIC BODIES
The completion and definition of the offer stands on an international scale in Growth Strategies and Ambassadorship. Italian and foreign stakeholders can also be assisted through structural and commercial specialties such as Startup & New Venture Development, Metamorphosis and Digital Transformation/Transition, Tender Management, Bid Architecture, Procurement/Provisioning and strategies in Sales/Purchase and other complex technical activities.
VR CORPORATENEXT develops Projects and Strategies in PPP, PF, B2B, B2G and G2G between EU Community and extra-Community entities. Since VR founding period, Maghreb has been one of the most relevant benchmarks.
Relying on VR CORPORATENEXT and its associated specialists, the architecture activities in Advocacy, Influence Matrix Analysis and complementary strategies in Public Affairs, stakeholders can count on extreme executability made possible by the additional contribution of innovative tools and systems provided by top-tier global partners in Corporate & Business Intelligence, Due Diligence & Due Care, Performance Monitoring, Risk Prevention, Assessment & Management as well as Critical Event, Emergency & Contingency Management, protection programs and all necessary to support and guide purposes and ventures, both local and international.
The sectors, scenarios and areas of interest vary according to the targets, with extreme sensitivity and projection toward Africa, primarily through Project Assessment & Management activities with particular and specific attention to Defense, Security, Health, Energy, Agriculture, as well as the broad technical-operational and coordinative spectrum in project planning and execution of Infrastructural Projects.
Market Establishment, Offshoring, Inshoring/Reshoring, Commercial Network Development, Transition, Mergers, Acquisitions, Disposals in M&A, Enterprise & Corporate Governance with administrative support in Stewardship, Ceremonial and Protocol in Economic Diplomacy, Trade and Business Development, represent the blueprint of the operations provided by VR CORPORATENEXT and the associated specialists.

DYNAMIC AND FLEXIBLE ALLOCATION
RISK-CENTRIC DIVERSIFICATION
SUSTAINABILITY FOCUS
CLIENT-TAILORED APPROACH
PROGRAMS
GOVERNMENT-BACKED
ITALIAN

Italy is currently one of the largest Public-private investment platforms in Europe, combining Government-backed Programs, European Union funding, Tax Incentives, Infrastructure Modernisation, Energy Transition Policies, and Industrial Competitiveness Measures.
FOREIGN
INVESTORS
INSTITUTIONAL

For foreign institutional investors, sovereign wealth funds, infrastructure funds, pension funds, private equity groups, real estate developers, hospitality operators, utilities, and multinational corporations, the country offers several strategic sectors in which Public Policy is actively creating investment opportunities with significant potential for capital deployment.

The FAST TRACK - “Contratto di Sviluppo” (actioned between the Ministry of Enterprises and Made in Italy and INVITALIA) is an accelerated procedure within Italy’s “Contratto di Sviluppo” framework designed to fast-lane approval and funding for large, strategic industrial investment projects. As a Strategic Public Investment Acceleration Tool, it integrates funding, permitting, and coordination into a single streamlined process to attract and execute large-scale industrial projects more efficiently in Italy.
It applies to high-impact initiatives, typically around or above 50 million Euros in investment, though strategic relevance is the key criterion, such as advanced manufacturing, green transition projects, digital industry, and supply chain strengthening. Its core purpose is to reduce administrative time and complexity by replacing fragmented, sequential authorisations with a single coordinated process. This agreement aligns all stakeholders from the outset and enables the parallel handling of permits, assessments, and funding decisions. Funding can include grants, subsidised loans, and regional/national co-financing, depending on the project's structure and eligibility.

The "PIANO CASA" - Housing Plan - is emerging as a major real estate investment theme that leverages private capital multipliers to amplify public resources, with a priority on metropolitan areas and distressed zones. The ITALIAN GOVERNMENT’s objective is to support the development and renovation of approximately 100,000 housing units over the coming decade through a combination of Public Funding, Private Capital, Urban Regeneration Initiatives, and PPP - Public-Private Partnerships.
The overall investment framework exceeds 10 billion Euros (including 1.7 billion Euros for immediate recovery of 60.000 unused public housing units + 4.8 billion Euros for urban regeneration + €3.6 billion channelled via INVIMIT - Investimenti Immobiliari Italiani SGR and other instruments) targeting affordable housing, build-to-rent projects, student housing, workforce accommodation, and the redevelopment of underutilised Public Assets. In major economic centres such as Milan, Rome, Bologna, Florence, and Turin, the project creates a long-term imbalance in demand that can be addressed through large-scale residential platforms.
ZES
unica

The SPECIAL ECONOMIC ZONE ("ZES Unica") represents one of Europe's most significant industrial investment incentives. The program provides Tax Credits, accelerated permitting procedures, and investment facilitation mechanisms across ten Italian regions. The strategic importance of the ZES extends beyond incentives. Italy offers proximity to EMEA markets, access to Mediterranean corridors, abundant energy resources, and lower operating costs compared to many Western European industrial areas.
Key sectors include advanced technologies and manufacturing, logistics, food, aerospace, pharma, energy production, automotive, export-oriented industrial facilities, and so many others. As global supply chains continue to shift toward reshoring and nearshoring, Italy is becoming increasingly attractive as a gateway to European and Mediterranean markets.
SIMEST and SACE are both part of the Export and Internationalisation Hub of the “CDP Group” - Cassa Depositi e Prestiti, and work together in a highly complementary way: SIMEST helps finance the investments and promotional activities needed to grow in international markets, while SACE protects against the risks that come with operating overseas.
Through the Fund 394/81, it supports concrete projects to expand business abroad; these two Authorities are among the most powerful and advantageous instruments the Italian System offers, opening or strengthening commercial offices, showrooms, warehouses, service centres, participating in trade fairs and events, developing online and offline platforms, hiring Temporary Export Managers, obtaining certifications and specialised consulting, and carrying out digital or green transition projects.
Italy's 4.0 INDUSTRY and the broader 4.0 TRANSITION Framework continue to support modernisation of Italy's manufacturing sector, the second-largest industrial base in Europe. The government has committed billions of Euros through Tax incentives, innovation Credits, and digital transformation programs aimed at increasing productivity and technological competitiveness.
Investment opportunities are concentrated in robotics, automation, artificial intelligence integration, precision engineering, aerospace, medical technology, advanced manufacturing systems, industrial software, cybersecurity, and research-intensive production sectors. Italy's manufacturing ecosystem includes thousands of highly specialised SMsized enterprises that often possess world-class technical capabilities, creating significant acquisition opportunities for private equity and strategic investors.

PIANO NAZIONALE
Transizione 5.0
Italy's 5.0 TRANSITION PLAN is an incentive program that supports companies investing in Digital Transformation and Energy Efficiency. It is the successor to the 4.0 Industry and 4.0 Transition initiatives and replaces earlier mechanisms such as hyper-depreciation. The scheme provides Tax Credits for investments in advanced machinery, digital technologies, software, renewable energy systems, and employee training.
To qualify, companies must achieve measurable energy savings, either by reducing the energy consumption of a production facility by at least 3% or that of a production process by at least 5%.
By linking financial incentives to both Technological Innovation and Energy Efficiency, the 5.0 Transition Plan aims to enhance industrial competitiveness, accelerate decarbonization, and support Italy's sustainable economic growth.
a regime
FER X

The Energy Decree "FER X a regime" - at full regime, given the green light from the European Commission, unlocks 23 billion Euros in governmental aid to support the deployment of 37.15 GW of new renewable energy capacity in Italy from technologies such as photovoltaic, onshore wind, hydroelectric, and purification gas plants. This plan equals roughly 48% of Italy's current installed renewable capacity and plays a crucial role in achieving the national target of 39.4% of gross final electricity consumption from renewable sources by 2030 - "Energia Clima".
Access is split between GSE auctions covering approximately 27.15 GW for larger plants and a simplified direct-access mechanism for around 10 GW reserved for smaller plants of up to 1 MW, ensuring revenue stability. The scheme provides long-term certainty for investors, accelerates Italy's decarbonisation efforts, and contributes to greater stability in energy prices.
Italy’s ULTRA-BROADBAND (BUL) Strategy is a large-scale National Digital Infrastructure Program aimed at deploying very high-capacity networks nationwide, with speeds up to and beyond 1 Gbps and coverage targets exceeding 6.8 million premises. The program is supported by more than 6.7 billion Euros in Public Funding under the “PNRR” - National Recovery and Resilience Plan.
For foreign investors, the core economic advantage lies in the PPP - Public-Private Partnership model. Revenue opportunities are diversified across wholesale fibre access, RTS, E&C connectivity, cloud infrastructure, data centres, edge computing and smart infrastructure services, creating multiple long-term recurring cash-flow streams. Investors can benefit from general investment incentives, innovation Tax Credits, accelerated depreciation schemes, and regional development programs, thereby improving post-tax returns.
BESS
BATTERY ENERGY STORAGE SYSTEMS
H2
+
Italy’s Energy Transition offers major opportunities in BESS and Green Hydrogen, altogether making it the largest long-term capital deployment in the country. Achieving European Decarbonisation targets requires investments exceeding 300 billion Euros by 2030 across renewables, grid modernisation, energy storage, electrification, hydrogen projects, and industrial decarbonisation. Italy benefits from some of Europe’s strongest solar irradiation levels with substantial potential for photovoltaic, agrivoltaic, and energy storage developments. Battery Energy Storage Systems (BESS) are becoming a particularly important investment class as renewable penetration increases. The market supports project finance, platform acquisitions, joint ventures with developers, utility-scale infrastructure investments, and PPP - Public-Private Partnerships, with Italian energy assets resembling core and core-plus infrastructure investments featuring long-duration cash flows for infrastructure funds and sovereign investors.
BESS is essential for grid stability and renewable integration, with Italy targeting multi-GW/GWh capacity by 2030 including Terna’s focus on around 42 GWh utility-scale needs especially in the South. The main incentive is the MACSE mechanism providing 15-year tolling contracts via competitive auctions with fixed inflation-indexed capacity payments, recent clearing around €13,000/MWh-year, while allowing partial merchant revenues from ancillary services and arbitrage. Paired grants and tax credits reach up to 40-50% in some schemes when co-located with solar or agrivoltaics, delivering predictable revenues and strong bankability for project finance.
Green Hydrogen is advanced through Italy’s National Hydrogen Strategy and PNRR allocations of €3–3.64 billion to develop production, Hydrogen Valleys, and industrial applications. Key supports include funding for integrated Hydrogen Valleys ecosystems, €550 million for industrial fuel-switching in steel, chemicals and other sectors, plus grants and blended finance for electrolysis, refuelling infrastructure, and pilots with higher incentives in Southern Italy. BESS and hydrogen create strong synergies by complementing solar growth for green hydrogen production and long-duration storage.
DATA CENTER PLAN
Ministry of Enterprises and Mady in Italy
Data centres and digital infrastructure represent one of the most attractive investment opportunities in Italy, driven by accelerating demand for artificial intelligence, cloud computing, hyperscale services, and enterprise digitalisation. As Southern Europe’s leading digital hub, Milan is attracting most new developments, while secondary locations are emerging where power availability, renewable energy resources, and connectivity offer competitive advantages. To support this growth, the Italian government has introduced a range of incentives and strategic measures. The most significant national scheme is the Transizione 5.0 program, which provides tax credits of up to 45% for investments that improve energy efficiency through advanced digital technologies, efficient cooling systems, automation, and smart energy management. In Southern Italy, projects may also benefit from the ZES Unica incentive, which can deliver effective tax credits exceeding 60% of eligible capital expenditure, subject to EU State Aid rules and regional eligibility requirements. Additional support is available through EU regional aid programs, which can provide investment grants ranging from 30% to 60% depending on location and company size. Beyond direct financial incentives, data centre developments increasingly benefit from accelerated permitting procedures, strategic project recognition, grid connection support, and access to infrastructure financing programs linked to Italy’s National Recovery and Resilience Plan (PNRR). Combined with long-term contracted revenues, inflation-linked cash flows, and growing importance within Europe’s digital sovereignty agenda, these incentives position Italy as one of the continent’s most compelling destinations for institutional investment in digital infrastructure.
AGRI-FOOD
MULTI-LEVEL BENEFITS FRAMEWORK
The Italian AGRI-FOOD Sector benefits from a robust multi-level incentive framework that combines EU Common Agricultural Policy (CAP) 2023-2027 resources with national PNRR - National Recovery and Resilience Plan, and fiscal measures to drive sustainability, innovation, supply chain integration, and Southern development through ZES.
The EU CAP 2023-2027 (Italy's allocation ~€36.6 billion Euros total public expenditure), with direct payments (~€17.6 billion) supports farmer income, eco-schemes (at least 25% of direct payments for environmental practices like carbon farming and animal welfare), and risk management (~€3 billion Euros for ~800,000 farmers against climate events). Rural development (EAFRD, ~€15.7 billion including co-financing) funds investments in innovation, young farmers, short supply chains, agritourism, and diversification.
The PNRR Contributions (Mission 2) include “Parco Agrisolare” - Agrivoltaics Park, with over 2.3 billion Euros (plus additional Facility funding) for rooftop photovoltaic systems on farms, offering grants up to 80% in some cases, targeting 1.3+ GW without land consumption. The “Fondo Rotativo Contratti di Filiera” - Revolving Fund Agricultural Supply Chain Contracts: 4 billion Euros managed by ISMEA - Institute of Services for the Agricultural and Food Market for integrated supply chain projects (production, processing, commercialisation) via non-repayable grants and subsidised loans.
The National Measures see ISMEA invest in capital companies (incl. cooperatives) in the agri-food chain. Subsidised mortgage loans (2-20 million Euors investments, up to 15 years with 5-year pre-amortisation) at ~30% of market rate (min. 0.5%, ~70% rate cut).
The “Agriculture 4.0 Tax Credit” offers 40% on new 4.0 tangible/intangible assets (machinery, software, etc.) up to 1 million Euros per company (annual cap ~€2.1 million Euros), for 2026-2028 investments in primary production. The “ZES Unica Mezzogiorno” (extended to 2028) Tax Credit is up to 58.78% (micro/SMEs) or 58.61% (large enterprises) for primary agriculture, fisheries, and aquaculture investments in Southern regions (min. €50,000 threshold, max €100 million/project). These tools emphasise green transition, digitalisation (4.0 tech), supply chain resilience, and Southern attraction. Access varies by project type, company size, and location, cumulation rules (respecting State aid caps), and applications.

“COLTIVAITALIA”, is the Italian government's 1 billion Euro national agricultural project, under the Authority of the Ministry of Agriculture Food Sovereignty and Forestry, is a major standalone national investment that complements European funds; a set of agricultural support measures in Italy rather than a single official program, and it refers to the mix of public incentives designed to help strengthen Italian farming, boost food sovereignty, support key supply chains, promote young farmers, drive innovation and agrifood businesses start or grow their activities through funding, subsidies, and loans mainly coming from the European Union Common Agricultural Policy, national agricultural policies, and regional Rural Development Plans.
Selecting a specific funding measure such as startup support, investment aid, modernisation grants, or sustainability incentives, the application is submitted through regional portals, ISMEA - Institute of Services for the Agricultural and Food Market systems, Regional PSR, and other platforms, requiring detailed business plans evaluated on feasibility, impact, and innovation. The beneficiaries’ approved project may receive different types of support, including non-repayable grants, Subsidised or Guaranteed Loans, or Tax Incentives, depending on the specific measures. The plan allocates roughly 300 million Euros to the Food Sovereignty Fund for strategic crops like durum wheat and soya to reduce import dependence, 300 million Euros to the “Allevamento Italia” livestock program, especially for beef cattle, to reduce foreign meat reliance, and 300 million Euros to the National Olive Oil Plan for replanting resilient olive groves and restoring production capacity. Additional resources go to research and strengthening CREA - Council for Agricultural Research and Analysis of Agricultural Economics, generational renewal with easier land access and credit for farmers under 41, including free concessions for at least 10 years, female entrepreneurship in agriculture, technological innovation, precision farming, infrastructure, and simplification of procedures.
FNT
FONDO NAZIONALE DEL TURISMO

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A VR CORPORATENEXT LANDMARK MASTERY PROJECT

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**Italian National Tourism Fund and Main Tangible Government Grants: Eligibility, Percentages, and Operational Support Overview.** The Fondo Nazionale del Turismo (FNT) primarily acts as an equity/real estate vehicle (€650M subscribed + leverage to €2B) for property acquisition/renovation by professional operators and investors, focusing on sustainability and digitalization with no standardized direct percentage grants to end-users.
**FRI-Tur (Fondo Rotativo Imprese Turistiche – main operational support, ~€1.38B total):** Targets tourism enterprises (all sizes, specific ATECO codes, nationwide) for investments €0.5M–€10M in energy efficiency, digitalization, seismic/barrier removal, etc. Provides **up to 35% non-repayable direct contribution** on eligible costs (varying by size/location: Zone A/south up to 30% micro, 23% small, 18% medium, 10% large; lower elsewhere; +5% for digital innovation by micro/small) plus **0.5% subsidized CDP loan** (4–15 years, up to 3-year pre-amortization), with total aid ≤100% of costs; 50% resources for energy retrofits, priority Mezzogiorno.
**Fondo per il Sostegno alle Imprese del Turismo 2026 (€109M, ~€50–59M non-repayable):** For tourism operators (hotels, villages, campsites, B&Bs, restaurants, thermal, parks, congress – specific ATECO, active ≥3 years, predominant tourism revenue) with min. €1M investments in energy efficiency, digitalization, sustainability, redevelopment. Offers **30% non-repayable grant** (max €4.5M, GGE ≤50%) + **up to 70% subsidized loan** for combined coverage up to 100% of eligible costs; SMEs often benefit from higher intensities.
**Tax Credit for Accommodation Facilities (PNRR-linked):** Up to **80% tax credit** on eligible expenses for sustainability, seismic, barrier removal, and digitalization interventions, often combinable with other supports (caps €40K–€140K+ depending on project/youth/women/south criteria).
**Other Tangible Incentives:** Earlier Sustainable Tourism Fund vouchers up to **€2,000** for certifications; zero-interest financing up to 80–90% (90% for women/youth startups) + **30% non-repayable** in southern regions; dedicated SME guarantees and EIB funds for sustainability/innovation. Eligibility generally requires active tourism businesses, admissible renovation/efficiency/digital costs, sustainability compliance, minimum thresholds, and applications via Invitalia/Ministry/CDP with scoring. These provide the most direct, operational percentage-based support for tangible investments.
