Invest in Lombardy: the Annual Report is out

After the Invest in Lombardy Days, the ten-day event about the attraction of foreign investments traditionally held yearly in Milan, it is time to assess and have a look at a year of activities.

The program of events, together with handouts and presentations, is published on our blog, we will focus now on the general overview of Lombardy, today, as a destination for foreign investments.

The picture contained in the Lombardy region has kept a positive trend with a 17% comparing , recently released by Invest in Lombardy, is impressive and effective in describing why Lombardy can be defined as “the economic heart of Italy”, being a best practice in every field pertaining internationalization, from export (27.9% of the whole Italian export) to the number of subsidiaries of Italian companies abroad (34% of the total). These figures can be better understood considering that Lombardy accounts for 16.5% of the Italian population and for 18.35% of the Italian enterprises.

The international attitude is confirmed by 48.6% of all the Italian companies integrated in international groups being based in Lombardy.

Going to FDIs, Lombardy is the main destination in Italy: in 2014 62 greenfield projects were implemented in the region (85% in Milan). The data provided by fDi Markets and fDi Benchmark (from Financial Times ltd) show a countertrend for Lombardy, where in 2014 we had an increase in the number of FDI projects (+14%) compared with the general tendency (-1.7%).

What is the role of Invest in Lombardy in contributing to the process of investment attraction and supporting foreign companies interested in investing in Lombardy?

Every 17 minutes a company gets in touch with Invest in Lombardy from abroad, our staff calls 24 contacts a day and organizes a road show monthly. Invest in Lombardy met more that 1,000 companies during road shows in the last 12 months and provides assistance to 2 potential investors every day, supplying in average 18 hours of free support to a company and closing 5 deals every 60 days.

Maybe the main figure and the best metric emerging from the Annual Report is the ROI of Invest in Lombardy: each single euro invested in our project generated 112 € in FDIs.

And maybe the best indicator to summarize the Annual Report and the results of years of activity is the role acknowledged to Lombardy by fDI Benchmark: the region is called one of the four economic European engines and best destination among Southern Europe regions.

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