The Casaleggio Associati was among the Italian companies that suffered losses and repercussions from the Covid-19 emergency and requested loans guaranteed by public funds. He brings it back Republic, reporting as last July 20 the company founded by the guru of the Five Star Movement Gianroberto Casaleggio and now led by her son Davide has obtained the green light for a loan from the Banca del Mezzogiorno-Mediocredito Centrale aimed at supporting the recovery of the company in the midst of the economic storm linked to the coronavirus.
The operation, absolutely legitimate and on which there is no shadow of opacity, mobilized a limited amount of resources: according to what is learned, the loan requested by the Milanese consulting company would be 25 thousand euros. Value that would allow you to take advantage of the easier version of the public guarantees provided for by the decree Care Italy, which as of August 16 received over 950 thousand requests for a total coverage of 70 billion euros. In the version of the guaranteed loan up to 25 thousand euros, in fact, the applicant company must submit to the bank a self-certification of the damages suffered for the pandemic, the issuing institution must limit itself to checking the creditworthiness of the company and the State covers the 100% guarantee on the loan.
Davide Casaleggio has therefore suffered significant repercussions to its entrepreneurial activity from the pandemic emergency. An eventuality that is difficult to avoid given that many of Casaleggio’s partners are companies that have had to suffer continuous slowdowns or forced interruptions in their activities due to confinement measures and the imposition of quarantine, while the company’s activity, explains Republic, focused on continuing “her studies on digital and e-commerce (the latest report is from May 2020, the one on the” digital food strategy is coming in October) “. In 2018, the year she joined the government of the pentastellates whose Rosseau association is controlled by the Casaleggio company, the overall business of the latter produced a turnover of just over 2 million euros, with a growth of 60% on 2017. A significant increase after 2015 turnover had dropped to just over one million euros, compared to 1.5 million in 2014 and two in 2013. The financial statements for the past year have not yet been published, but from the sudden increase in Casaleggio’s turnover we can deduce that the lockout was proportionally harder due to the reduction of activities, especially considering the fact that for 2019 Casaleggio expected a further expansion of turnover.
The choice of resorting to the subsidized loan, for many companies, is motivated by the need to streamline the bureaucratic process and the timing to safely obtain fresh capital; the extent of the damage to Casaleggio Associati has not yet been quantified, but the choice to resort to guaranteed financing reminds us how even in the digital and intangible economy in which teleworking has taken hold and in which the margins for action have expanded during the lockdown the effects of the current crises can be strongly felt. And that no sector can be said to be truly safe in such a complex phase.
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