Our commitment to the National Recovery and Resilience Plan (NRRP)
Intesa Sanpaolo working for the country
We are working with the country to seize the opportunity provided by the National Recovery and Resilience Plan and to meet present and future challenges. Our Group wants to help its customers gain access to the funding provided, to encourage inter-institutional dialogue, and to implement projects in a tangible manner, in order to kick-start the nation’s recovery and to overcome the impact of the Covid-19 pandemic. This is an ambitious, but totally feasible, plan for which we offer our own resources in support of the real economy, so as to facilitate the development of the entire community in a sustainable, inclusive future.
The only real driver of the strong growth of the production and supply chains is the National Recovery and Resilience Plan, which represents a key factor in helping to accelerate our country’s modest growth and in permitting a recovery in employment and a reduction of social inequality.
What are the missions of the Italian recovery plan: targets & resources
Mission 1: Promoting the country’s digital transformation
The first mission of the National Recovery and Resilience Plan is to launch the country’s digital transition by supporting the innovation of the production system, and the modernisation of the Public Administration and communications infrastructure, through the extension of the ultra-broadband network right across the Country. Furthermore, it aims to promote the competitiveness and internationalisation of the country’s industrial supply chains, and the re-launch of the tourism industry and of Italy’s cultural heritage. Mission 1’s total funding, provided by the Recovery and Resilience Facility (RRF), the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), and the National Supplementary Fund, amounts to 50 billion euro.
Mission 2: launching the ecological transition of Italy and its economy
The second mission of the National Recovery and Resilience Plan is to provide support to the country’s green, ecological transition in accordance with the European Green Deal. By means of actions taken in various different areas, the Mission aims at environmental sustainability through operations in the field of renewable energy, the development of sustainable mobility, the greater efficiency of resource and waste management, and the promotion of the circular economy thanks also to the development of a sustainable food supply chain. Mission 2’s total funding, provided by the Recovery and Resilience Facility (RRF), the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), and the National Supplementary Fund, amounts to 70 billion euro.
Mission 3: Meeting the logistical and environmental challenges in the mobility sector
The third mission of the National Recovery and Resilience Plan aims to strengthen Italy’s infrastructural system and reduce the environmental impact of the national transportation sector. More specifically, the third mission foresees the expansion of the high-speed and regional rail networks, particularly in the South of Italy, the strengthening of goods transport services, and the optimisation and digitalisation of air traffic and of the operations of the National Logistics Platform (NLP) for the country’s port network. Mission 3’s total funding, provided by the Recovery and Resilience Facility (RRF), the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), and the National Supplementary Fund, amounts to 31 billion euro.
Mission 4: Guaranteeing the development of education, training and knowledge
The fourth mission of the National Recovery and Resilience Plan is to facilitate the integration of education, research and the labour market through the development of synergies capable of training new resources for the future. The mission aims to bridge any structural gaps and lack of suitable personnel by reforming the hiring and training of teachers, and by strengthening the country’s basic research systems in order to re-launch growth through the improved capacity to adapt to the technological and environmental challenges of the future. Mission 4’s total funding, provided by the Recovery and Resilience Facility (RRF), the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), and the National Supplementary Fund, amounts to 34 billion euro.
Mission 5: Encouraging an inclusive, responsible, empathetic culture
The fifth mission of the National Recovery and Resilience Plan is to safeguard those who are socially and economically fragile, by promoting gender equality, the fight against discrimination, and the consolidation of both social infrastructure and labour policies. The mission focuses in particular on territorial cohesion, through the direct review of active labour policies, the strengthening of job centres, and the integration of social services and the network of private operators. Mission 5’s total funding, provided by the Recovery and Resilience Facility (RRF), the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), and the National Supplementary Fund, amounts to 30 billion euro.
Mission 6: Strengthening the country’s Health System
The sixth mission of the National Recovery and Resilience Plan is to strengthen the accident prevention and healthcare system throughout the country, by modernising and digitalising the National Health System’s technological facilities. The sixth mission aims to see the implementation of targeted measures designed to guarantee the equality of access to treatment, also through the strengthening of health workers’ skills and of scientific research. Mission 5’s total funding, provided by the Recovery and Resilience Facility (RRF), the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), and the National Supplementary Fund, amounts to 20 billion euro.
Meaning of RRP, Governance, Deadlines and other frequently asked questions
The European Union has responded to the pandemic with the creation of the Next Generation EU (NGEU) plan, comprising 750 billion euro of funding dedicated to investments and reforms sustaining the development of EU Member States. The National Recovery and Resilience Plan is the Italian Government’s response to the European investment opportunities set out in the Next Generation EU programme; in fact, Italy is the largest beneficiary in absolute terms of the NGEU package.
The National Recovery and Resilience Plan comprises 6 separate missions, which in turn are subdivided into 16 specific "components" shaped by their general aims and scope, and their corresponding investments and reforms.
The 6 missions are:
- "digitalisation, innovation, competitiveness, culture and tourism"
- "the green revolution and ecological transition"
- "sustainable mobility infrastructure"
- "education and research"
- "inclusion and cohesion"
- "health"
The funding earmarked for the National Recovery and Resilience Plan amounts to 235 billion euro, and can be used for investments over the period from 2021 to 2026. It includes:
- around 191 billion euro from the Recovery and Resilience Facility (RRF) pertaining to the Next Generation EU plan;
- around 13 billion euro from the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU), pertaining to the Next Generation EU plan;
- around 31 billion euro from the National Supplementary Fund.
(RRF: the Recovery and Resilience Facility; REACT-EU: the Recovery Assistance for Cohesion and the Territories of Europe programme).
The funds earmarked for the National Recovery and Resilience Plan amount to 235 billion euro, are available for investments over a 5-year period (2021-2026), and are released and allocated on a periodical basis.
The Government’s analyses foresee the National Recovery and Resilience Plan measures producing a rise in the potential growth rate of the Italian economy, and having positive effects on both GDP and employment, the levels of which are expected to rise, respectively, by 3.6% and 3% by 2026 (the final year of the Plan).
The National Recovery and Resilience Plan sets out a time schedule with aims and targets, at individual mission, component and investment level, to be achieved in order to obtain the six-monthly funding foreseen by the European Commission. Specific expenditures are allocated for each period for the purpose of achieving the set targets: provision has been made for 27.5 billion euro in 2022.
(Source: Dossier November 2021 - "The National Recovery and Resilience Plan: financial figures and an account of resources and their utilisation" - Drawn up from figures contained in the Annex to the National Recovery and Resilience Plan proposal of 30/04/2021).
For each investment within the framework of the National Recovery and Resilience Plan, two different types of figure are envisaged, each having a different role:
- The body in charge, represented by the ministries responsible for managing the funds made available
- The implementing body, represented by the body entitled to make the investment/distribute the resources
For example, in the case of Mission 1 - Component 2 - Investment 5.2 (Competitiveness and resilience of production chains), the body in charge is the Ministry for Economic Development, while the implementing body is Invitalia).
Following publication of the Law Decree covering a given area of action and establishing allocation of the funds, the corresponding call for tender is published setting out details of the manner of access to the funds and the facilitation tools.
In many cases, incentives are disbursed in the order in which applications are received, or actions are finalised, until the total allocated funding has all been distributed; funding may be allocated on a yearly or multi-year basis, depending on the circumstances.
It will be possible to implement the reforms and investments envisaged by the National Recovery and Resilience Plan thanks to the various instruments set out in those Law Decrees pertaining to the specific areas encompassed by the Plan. The main such instruments concern:
- direct public spending
- non-refundable funds
- tax benefits (e.g. tax credits)
- guarantees
- co-financing
The National Recovery and Resilience Plan provides for investments and reforms that impact the country as a whole: the measures involved are aimed, in different ways, at enterprises, households, the Public Administration and local authorities.
