Cassa Depositi e Prestiti and the Spanish Official Credit Institute sign an agreement to support social housing and SMEs in Italy and Spain. The agreement strengthens cooperation on European programs and strategic investments
The CEO of Cassa Depositi e Prestiti (Cdp), Dario Scannapieco, and the President of theSpanish Official Credit Institution (Ico), Manuel Illueca, have signed a collaboration agreement between the two financial institutions. The main objective of the agreement is support strategic projects and investments, with a particular focus on social housing and the development of Italian and Spanish businesses. Furthermore, cooperation will extend to the promotion of European Programs, including InvestEU.
The signing of the agreement took place within the framework of thebilateral meeting at the European University Institute in Florence, on the sidelines of the annual conference “Financing Growth and Innovation in Europe: Economic and Policy Challenges”, organised by Bank of Italy and from FLawrence School of Banking and Finance; the event represented a moment of comparison between representatives of the European academic and financial world, offering the opportunity to discuss the challenges of financing innovation in the European Union.
As evidence of their commitment to social housing, delegations from Cdp and Ico visited the “Osteria Social Club” project in Florence, an initiative launched five years ago that offers housing solutions to over 80 families thanks to a system of controlled rents.
Investments and prospects for sustainable growth
The agreement between CDP and ICO defines a framework of collaboration to support large-scale investments, with particular attention to social housing and the development of SMEs in the two countries. The agreement also aims to encourage theuse of alternative forms of financing for projects of international relevance, taking advantage of the opportunities offered by European programmes and by the role of the two institutions as implementing partners of the European Union.
A further key element of the collaboration concerns the exchange of experiences and skills, with the organization of visits and training programs for professionals from the two institutions. This approach will foster a mgreater operational synergy and the development of new shared strategies to address future economic challenges.
Cdp and Ico thus strengthen an already consolidated cooperation, which sees them also active within the Elti (European Long-Term Investors Association), an association that brings together the European Deposit and Loan Funds. Through this synergy, both institutions aim to promote sustainability, digitalization and accessible construction, strategic sectors for economic and social growth in Italy and Spain.
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