“The success of the Industry Plan 4.0 will depend on the breadth with which each individual entrepreneur will use the measures made available”
The National Industry Plan 4.0 concerns a set of organic measures to encourage investment in innovation and competitive capacity of companies and to strengthen those measures already in place for some time that have proven effective.
The National Industry Plan 4.0 is introduced for the first time by the Prime Minister Matteo Renzi and the Minister for Economic Development Carlo Calenda, on 21 September 2016 in Milan.
Industry 4.0: term used to indicate the progress of a Fourth Industrial Revolution that involves the organization of production processes based on the latest technologies and devices that can communicate independently along the value chain.
The Industrial Internet of Things (IIoT), allows the encounter between digital and real and not only, people and machines communicate with each other. All this translates into a single concept: the Smart Factory, efficient, flexible and fast.
THE OBJECTIVE? TO STIMULATE, INCREASE AND STRENGTHEN
Encouraging private investment in“four-point zero”technologies and goods, Increasing private spending on R&D, Development and Innovation
Strengthen finance to support Industry 4.0, with Venture Capital and start-ups.
In order to encourage these investments, the Italian government provides tax incentives of 13 billion euros (but which can be activated by each company), to be distributed from 2018 to 2024 to cover private investments made in 2017.
Following the launch of this initiative, the aim of the Italian State is to provide full support to companies by aligning itself with similar projects already underway in Germany, the United States and France in favour of Industry 4.0.
But what are the expected BENEFITS for manufacturing companies from investments in goods enabling Industry 4.0? (In the figure)
Flexibility->Production of small batches at large scale costs.
Speed->from development to mass production with new technologies
Productivity-> shorter set-up times, reduction of errors and machine downtime
Quality ->sensors that monitor production in real time
Product competitiveness->more features derived from the IoT
In short, the National Industry Plan 4.0 is a unique opportunity for all companies that have embraced the fourth industrial revolution and want to take full advantage of the opportunities.
All the measures that have proved effective in responding fully to emerging needs have been strengthened and addressed in a 4.0 logic, as well as providing for others. Tangible examples are:
Hyper and Super Depreciation
Aimed at supporting and encouraging companies that invest in new capital goods, in tangible and intangible assets functional to the technological and digital transformation of production processes.
Hyper-amortisation: overestimation of 250% of investments in new tangible assets, devices and technologies enabling transformation into a 4.0 key purchased or leased.
Superdepreciation: overestimation of 130% of investments in new capital goods purchased or leased For those who benefit from hyper-amortisation, there is also the possibility of benefiting from a 140% overvaluation for investments in intangible capital goods.
The “New Sabatini”
The Capital Goods measure (“Nuova Sabatini”) is the facility made available by the Ministry of Economic Development (MiSE) with the aim of facilitating access to credit for businesses and increasing the competitiveness of the country’s production system. It supports investments to purchase or lease machinery, equipment, plant, capital goods for productive use and hardware, as well as software and digital technologies.
Stimulate private R&D spending to innovate processes and products and ensure the future competitiveness of enterprises.
But… What do we expect from 2019?
Lately we have been bombarded by this famous Budget Law 2019, but what does it really introduce? What changes will be approved? Progression or defeat?
All this in the next article!!