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The business associations of the district met with the credit institutions

Entrepreneurs and the world of credit discuss the economic situation of the Tuscan tanning and footwear district: on Wednesday 23 October, at POTECO, the representatives of the district’s entrepreneurs invited the local banking institutions to an operational discussion. The event was aimed at identifying all the possible credit instruments to support businesses to better deal with the delicate crisis situation that is affecting the entire fashion sector with repercussions on the tanning and footwear industry.

Wide participation in the event saw speakers at the table: the vice president of Assoconciatori Roberto Lupi, the president of the Ponte a Egola Tanners Consortium Michele Matteoli, the president of the Toscana Manifatture Consortium Aldo Bertoncini, the president Assa Alberto Giannangeli, the UNPAC president Marco Frediani, the president of UNIC-Italian Tanneries Fabrizio Nuti. Representatives of all the local and national credit institutions in the area spoke with them. Also present were numerous entrepreneurs from the boards of directors of the associations that attended. Among the themes that emerged was the attractiveness of the Tuscan tanning and footwear district which, despite a constantly evolving market, is confirmed as one of the certainties of the international fashion industry and capable of continuing to attract investments. Based on this awareness, shared by the different categories of entrepreneurs present, the credit institutions reiterated their sensitivity to the reasons of the district’s businesses linked to the leather supply chain, a significant segment of the entire regional GDP.

All the credit institutions have reiterated their closeness and attention to the companies in the district and their willingness to plan a path of

shared tables to identify the most effective initiatives to overcome the current situation. This is a path, as underlined by the world of credit, which, despite the rigid regulatory framework imposed at the level of the Bank of Italy and the ECB, aims to offer concrete support to companies.

Financing, debt moratoriums, individual credit plans: the parties also discussed the ABI circular from last July and the methods of this instrument, on which there was no shortage of doubts on the part of entrepreneurs who highlighted how this could penalize companies on the future rating. The work concluded with the invitation to work together to find solutions, which in the current market phase are necessary to allow the entire Tuscan leather supply chain to overcome the complexity of the current crisis which is affecting the system transversally of fashion, of which the Tuscan tanning and footwear district remains one of the most solid and with international prospects.

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