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Access to finance

Italy


				Italy

Summary

According to the Small Business Act (SBA) Fact Sheets, the SME sector in Italy was hit hard by the global recession of 2008-09. It experienced a brief period of recovery afterwards, but it lost momentum in 2012. Micro enterprises, which constitute the vast majority of Italian companies, found it comparatively harder to adjust than small and medium-sized companies. Given these underlying structural trends, the Italian government took action to improve the general framework conditions for Italian SMEs, notably to make the administration more responsive to the needs of businesses and to improve the conditions for companies to aggregate and internationalise theirs activities. Nevertheless, the country’s overall performance on the SBA grid continues to be below the EU-average in terms of exporting internationally and the single market, and there is the possibility that the implementation of SBA-related initiatives announced in 2011 and 2012 will be stalled. The single most important issue to be monitored for Italy’s future SBA performance is the swift implementation of these measures.

Key indicators on access to finance
SMAF
SMAF gif - 19 KB [19 KB]

Italy ranked 20th out of 27 countries in the 2012 SMAF Index.

For details on SMAF index and methodology please click here.

Download data excel12book - 593 KB [593 KB]

Loans
Loans gif - 38 KB [38 KB]

Source: Chart compiled using ECB data

Note: Loan volumes and interest rate data for 2013 are to the period September 2013 only (due to data availability as at November 2013).

Download data excel12book - 69 KB [69 KB]

Guarantees
Guarantees gif - 37 KB [37 KB]

Source: Chart compiled using AECM data

Download data excel12book - 48 KB [48 KB]

Venture capital
Venture capital gif - 39 KB [39 KB]

Source: Chart compiled using EVCA data

Download data excel12book - 69 KB [69 KB]

Business angels finance
Business angels gif - 28 KB [28 KB]

Source: Chart compiled using EBAN data (*comparable data for 2011 were not accessible)

Download data excel12book - 29 KB [29 KB]

 

Appendix: ACTIONS SUPPORTING ACCESS TO FINANCE FOR SMEs pdf - 371 KB [371 KB]

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