A credit of €500 million will be made available for companies that invest in research, development and innovation and buy management software to plan and optimise industrial production in accordance with the Industry 4.0 Plan.
This is what the UBI Group is committed to achieve. The resources will enable companies interested in buying software to optimise the industrial production, to access loans and financing through funds made available by the ECB (TLTRO) or by the European Investment Bank (EIB), which will be used according to the type of planned initiative.
THE INTERVENTION: “It is particularly significant,” stated UBI Group, “when considered in the context of the 2017 Budget Law, which provides an extensive range of incentives and tax breaks for the Industry 4.0 Programme. It is in favour of investments in high technology for start-up companies.” In addition to the direct intervention of the Government, companies are supported by other tax concessions: hyper-depreciations, super-depreciations, the tax credit and the provisions of the Sabatini Law. These are all expendable incentives to buy management software for to plan and optimise production in manufacturing companies.
“Industry 4.0 is a framework for the modernisation of the national production system,” explains Frederik Geertman, sales manager of the UBI Group, “for a bank like ours, which is present in the most economically active areas of the country, it is crucial to offer corporate customers legal advice and products to make the most of the legal benefits.”
UBI BANCA, in addition to making the funds available,”supports companies through a tailored consulting service that consists in the analysis of the type of investment required, the quantification of any tax benefits and the definition the technical forms of the most appropriate and affordable financing,” concludes the statement of the group listed on Piazza Affari (Milan Stock).
Source: UBI Banca; Bresciaoggi 7 March 2017