20 million euros for the cultural assets of municipalities: they are made available by Credito Sportivo, Ales and ANCI

A total of 20 million euros is on the way for the granting of subsidized loans aimed at the completion of interventions on public cultural assets belonging to Italian municipalities, recipients of liberal disbursements through Art Bonus. This is the amount of the plafond made available by Ales spa (the in-house company of the Ministry of Cultural Heritage), theIstituto per il Credito Sportivo, andANCI - the National Association of Italian Municipalities. The funding will have to be used to complete the financial requirements necessary for the full implementation of the projects, provided that they have obtained Art Bonus donations amounting to at least 51 percent of the total cost of the Intervention. More aid for the south: municipalities in the Basilicata, Calabria, Campania, Puglia, Sardinia and Sicily regions see a threshold reduced to 30 percent. Each municipality will be able to obtain one or more loans, up to the maximum amount of 6 million euros.

The initiative of the three entities was born in consideration of the difficult time the cultural sector is going through as a result of the Covid-19 pandemic and in awareness of the value that public cultural assets hold for local communities, both at the identity level and in terms of their ability to attract tourism: thus, they decided to consolidate the collaboration already started in 2017, strengthening the commitment to municipalities, especially in those cases where the amount of donations with Art Bonus is not sufficient to cover all the costs for the full implementation of conservation and protective interventions. The sum of 20 million euros thus doubles the 10 million plafond that the three entities had initiated in 2017.

“The Art Bonus,” said Mario De Simoni, president and CEO of Ales, “confirms itself as a resource of great importance for the Italian cultural heritage system. With the new protocol we intend to make it even easier and more effective to use this tool and give new life to a restart that will lay its foundations on the immense artistic and cultural heritage spread throughout the country.”

“The Istituto per il Credito Sportivo,” stresses Andrea Abodi, president of the institution, “is ready to take on new responsibilities, in line with its aims, to concretely support the needs of the Italian cultural system. The first commitment, by providing human and financial resources, will be to collaborate with Ales and Anci to help strengthen the Art Bonus tool, not only through financing at highly subsidized conditions, but also by promoting and collecting donations from private entities. In this way we intend to encourage the development of projects, the opening of construction sites and the resumption of activities that can contribute, through Culture and the full enjoyment of its public goods, to the return to normality and the restart of the whole country.”

“Municipalities are custodians of the country’s deep identity and what makes it unique internationally,” says Roberto Pella, vice president of ANCI. “With the enhancement of the Art Bonus, it will be possible to bring to a conclusion interventions to safeguard the cultural heritage that allow its wide and widespread use and help strengthen the tourist attractiveness of Italian territorial realities.”

Pictured is the moment of the signing of the protocol.

20 million euros for the cultural assets of municipalities: they are made available by Credito Sportivo, Ales and ANCI

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