Small and Medium-Sized Companies (SME)
The total number of Italian companies is equal to about 3.8 millions, 71% of which operating in the service sector and the remaining ones in the industrial sector. Italy’s entrepreneurial fabric is mostly constituted by small and medium-sized companies: the companies with less than 250 employees account for 60% approximately, as against 30% in Germany, 34% in France and 38% in the United Kingdom. Most small and medium-sized enterprises are family-run and operate in the “made in Italy” niche sectors, such as mechanical industry, textiles, clothing, fashion and food processing. Traditionally the small and medium-sized companies have recorded, on average, higher growth rates in terms of turnover and value-added than large companies, with an increasing role played by exports. About 80% of SMEs are located in the Northern part of Italy (43% in the North-West and 37% in the North-East), 12% in Tuscany, Marches and Umbria and the remaining 8% in the South and the Islands.
The LCFG offer is targeted to the many independent small and medium-sized banks not belonging to large banking groups. Also the world of banking foundations is particularly interesting since, over the last few years, they have been penalised by the decrease of dividends from controlled companies and are interested in diversifying investment and sources of income.