Italian Cultural Heritage Fund: €104 Million for 71 Projects
The Fondo Cultura, created in 1957 by President Giovanni Gronchi, has seen the Istituto per il Credito Sportivo (ICS) invest €104 million in cultural heritage. Originally focused on sports, ICS ventured into the cultural sector in 2005. On December 17, 2021, President Andrea Abodi and Federculture President Andrea Cancellato shared the fund's achievements with Culture Minister Dario Franceschini. Activated by the 2020 Decreto Rilancio, the fund quickly utilized its €10 million interest subsidy within seven months, aiding 71 projects. Tuscany received the largest share at 23%, followed by Piedmont at 18% and Emilia-Romagna at 14%. Key beneficiaries included cultural assets (41%), museums (12%), and theaters (11%), with notable initiatives like La Nuvola di Fuksas. For 2022, Abodi aims to enhance lending, measure impact, and foster bank partnerships.
Key facts
- ICS allocated €104 million to 71 cultural heritage projects via Fondo Cultura.
- Fund activated under 2020 Decreto Rilancio; €10 million pool exhausted in 7 months.
- 60 projects from local authorities (€51 million) and 11 private (€20 million).
- Applications open May 10 to December 5, 2021, with ANCI partnership.
- Tuscany received 23% of funds, Piedmont 18%, Emilia-Romagna 14%, Lombardy 8%.
- 37% of funds for restoration, 15% renovation, 14% extraordinary maintenance.
- 41% of projects involve high-value cultural assets like Teatro Greco di Taormina.
- Notable private projects include La Nuvola di Fuksas and ADI Design Museum.
- Andrea Abodi and Andrea Cancellato presented results to Minister Dario Franceschini.
- Cancellato called the guarantee fund unprecedented in Italian cultural sector.
Entities
Institutions
- Istituto per il Credito Sportivo (ICS)
- Federculture
- Ministero della Cultura
- ANCI (Associazione Nazionale Comuni Italiani)
- ADI Design Museum-Compasso d'Oro
- Artribune
Locations
- Italy
- Rome
- Tuscany
- Piedmont
- Emilia-Romagna
- Lombardy
- Taormina
- Siracusa
- Milan
- Montalcino
- Palermo
- Camaiore
- Lucca
- Naples
- Venice
- Paulilatino