The Minister of Business and Made in Italy, Adolfo Urso, announced during the Family Business Forum that the government aims to allocate at least 4 billion euros to the Transition 5.0 program, the evolution of the Transition 4.0 program. These funds will come from the revision of the budget chapters of the Pnrr and RepowerEu. However, the actual amount of resources available will depend on the results of the confrontation with the European Commission.
A Plan of Certainty on Resources
Minister Urso guaranteed certainty on resources, with decrees aimed at preventing disputes over their use. This includes clarity on who is entitled to benefit from tax credits. As for Transition 4.0, these will be automatic measures, with the goal of concluding the plan by the end of the year, depending on the timing of the confrontation with the European Commission.
The Importance of Transition According to Confindustria
Carlo Bonomi, president of Confindustria, had already highlighted the importance of the 5.0 Plan as a lever for private investments through a major plan called Industry 5.0 or Transition 5.0, to trigger digital, environmental and energy transitions.
Industry 5.0: A New Paradigm for Research and Innovation
Industry 5.0 completes the existing paradigm of Industry 4.0, placing research and innovation as enabling elements for the transition towards a sustainable, human-centered and resilient European industry. This new paradigm aims to shift the focus from shareholder value to stakeholder value, seeking to capture the value of new technologies and providing prosperity beyond employment and growth.
EU Actions in Support of Industry 5.0
A few weeks before Minister Urso’s announcement, the European project Sure5.0 was launched, funded by the European Commission within the Horizon Programme Europe. The project aims to support European SMEs in the digital transformation process.
An Additional 175 Million for Innovation
The Ministry of Business and Made in Italy has allocated an additional 175 million euros to support research and development projects under the Innovation Agreements. These must be fully implemented in the regions of the South and be in line with the thematic objectives of the National Research, Innovation and Competitiveness Programme for the green and digital transition 2021-2027.
The Importance of the Transition 5.0 Plan
The Transition 5.0 plan represents a fundamental step for Italy on its path towards a more sustainable, digital and human-centred economy. It is the natural evolution of the Transition 4.0 plan, designed to stimulate and support companies in their digital transition.
The goal of this new plan is twofold: on the one hand, it aims to continue to promote technological innovation and the adoption of digital solutions among Italian companies; on the other hand, it aims to make these companies more environmentally sustainable, reducing pollution and impact on the climate, saving natural resources and limiting the impact on the climate.
What makes the Transition 5.0 plan so important is the fact that it meets the needs of companies to adapt to a rapidly changing world, providing them with the tools and funds needed to do so. At the same time, it is crucial for achieving Italy’s and the EU’s sustainability goals, helping to accelerate the transition to a green economy.
Overall, the Transition 5.0 plan represents a major commitment on the part of the Italian government to support companies in their transition journey, while at the same time ensuring that this transition is beneficial for all stakeholders – from shareholders to stakeholders, from workers to local communities. This is the vision guiding Industry 5.0: an industry that not only produces value but distributes it in a fair and sustainable manner.