Strategic Monitoring H1 2023

The goal of the Strategic Monitoring Report is to verify the extent to which CDP’s investments are actually aligned with its Strategic Plan and illustrate the characteristics of the counterparties financed and the relevance of CDP's activities in local areas and by area of intervention. 

Read the report’s key messages and download the document for further information.

• In the first half of 2023, CDP provided funding of more than €11 billion to approximately 13,000 counterparties, including enterprises and public administration bodies.
• Although the total value of loans and investments was consistent with the first half of the previous year (+0.2%), the type of market activity changed, in line with the evolution of the economic scenario.
• Indeed, compared to the first half of 2022, support for investments and the liquidity of enterprises grew in the first half of 2023, mainly channelled through the lending system. SMEs and financially vulnerable companies, which find it harder to access credit, were the main beneficiaries.
• Support for national strategic supply chains, the energy transition and technological innovation was on the rise. CDP operated in these three areas mainly through direct loans to enterprises, which almost tripled, rising from €2.2 billion in the first half of 2022 to €6 billion in the first half of 2023.
• CDP's presence across Italy was widespread, with a funding commitment that was complementary to the market: in the south of the country, activity was most concentrated on smaller enterprises, who face greater difficulties in accessing credit, and on public administration bodies.
• Compared to the first half of 2022, CDP boosted its support for public projects in a way that complements the National Recovery and Resilience Plan (NRRP). This additionality has helped further support the implementation of initiatives in the public interest, especially in those local areas with the most obvious needs.
• For funding granted to public administration bodies, the first data from accurate monitoring of the actual results of the financed projects are now available.
• For example, in the first half of 2023 alone, CDP financed investments that will result in a redeveloped urban surface area of over 280,000 square meters and the maintenance or expansion and rationalisation of more than 300 km of the road network.