Invest in Lombardy


Why invest in Lombardy

1. ENTREPRENEURIAL ENVIRONMENT

Lombardy is the richest region in Italy and one of the strongest economies in Europe, with a per capita GDP 27% higher than the European average and a strong entrepreneurial mindset. It is home to more than 800,000 companies, almost one in every 10 residents.

10 million residents

800,000 companies

22% of the Italian GDP


2. INTERNATIONAL APPEAL

Lombardy is one of the four motors of the European economy. It is an international business hub: it boasts the highest concentration of multinationals (92 of the top 100 multinationals operating in Italy are located in Lombardy) and attracts more than 60% of all the direct foreign investments that enter Italy.

One of the Four economic drivers of Europe

60% of the national incoming FDIs

1st Italian region by number of foreign investment projects


3. ACCESSIBILITY TO THE EMEA MARKETS (EUROPE, MIDDLE EAST AND AFRICA)

The region is at the centre of the EMEA markets: an area that represents 15% of world GDP and numbers about 800 million consumers. Excellent accessibility and logistical infrastructure: 3 international airports, with half of the goods flying in or out of Italy travelling through them.

3 international airports

access to 500 million EU consumers

access to 800 million EMEA consumers


4. QUALIFIED WORKFORCE

Lombardy attracts and trains talent. Its 12 universities (7 of them in Milan) are 10% of the Italian university population and host 1/5 of the international students in Italy. It is a leader in innovation and development, with more than 500 R&D centres and 6 science and technology parks.

12 universities

500 R&D centres

6 technology parks


5. Innovation

Businesses in Lombardy spend more than 3 billion euros yearly in R&D; (27.4% of national spending). More than a third of Italian patents are registered in Lombardy and the region contains 9 Technology Clusters: 1) Aerospace, 2) Smart Factory, 3) Agrifood, 4) Transport, 5) Energy, 6) Green Chemistry, 7) Life Sciences, 8) Smart living technologies and 9) Smart community technologies.

3 billion euros in R&D

+1/3 of italian patents

9 Technology Clusters


6. A growing destination

Lombardy contains the most UNESCO heritage sites in Italy (10 sites), and its 130 protected areas make it one of the greenest regions in Italy. More than 50% of the tourists visiting the region are international.

10 UNESCO sites

130 protected areas

More than 50% international tourists

Key sectors

1. LIFE SCIENCES AND BIOTECHNOLOGY

Lombardy is the number one region in Italy in the biotechnology field: it hosts almost 30% of the businesses in the sector, which generate more than half of the sales and R&D; investments in the biotech supply chain.

30% of sales in Italian life & science

Number 1 in Italy in the biotech sector

Among the top 5 European regions in life & science


2. PHARMACEUTICALS AND CHEMISTRY

Lombardy is the first region in Italy and in Europe in the number of employees in the pharmaceutical field. It is home to one third of the Italian businesses in chemistry and employs 40% of the workforce in the industry. There are 400 million investments in research and development in the pharmaceutical sector.

1st region in Europe in pharmaceutical employees

400 million in R&D; in the pharmaceutical trade

1/3 of Italian chemical companies


3. ADVANCED MANUFACTURING

Lombardy is the first region in Italy in terms of sales (250 billion euros) and the third region in Europe in number of employees (1 million) in manufacturing.

1st in Italy for sales

3rd in UE for employees

100,000 businesses in the production system


4. ICT - INFORMATION AND COMMUNICATIONS TECHNOLOGIES

Lombardy is the vital centre of Italy’s ICT industry: with 48.5 million euros, the region is in the European top 10 in public investments in the field. The technology infrastructure and specialised human capital available make it the best hub in Italy for ICT clusters.

10% of Italian ICT businesses

Top 10 European regions in the ICT sector

Milan is in the top 3 smart cities


5. CREATIVE INDUSTRY

With more than 18,000 businesses, Lombardy is the leader in design: it presents the ‘International Furniture Salon’, the most important international exhibition in furnishings. The region is home to more than 34,000 companies in the fashion industry, and Milan is one of the international fashion capitals.

18,000 design businesses

34,000 fashion businesses

“Made in Italy”: 3rd brand in the world


6. FINANCE AND BUSINESS CONSULTING

Milan hosts more than 10,000 financial services companies and is the home of the Borsa Italiana (part of the London Stock Exchange Group) that lists the best Italian companies. The city contains 198 banks, and its financial sector employs more than 100,000 professionals.

10,000 financial services companies

198 banks

Milan is home of the Borsa Italiana

Data source: Chamber of Commerce of Milan; Invest in Lombardy Research Unit on Eupolis and ISTAT data; Invest in Lombardy Observatory; ‘Why Invest in Milan’ by JLL; FDI Intelligence; ‘The Chemical and Pharmaceutical sector in Italy’ by Assolombarda; Italy: a New Deal, a Better Future by EY; EY Smart City Index 2016; World Capital Report; Lombardy special report on data from the EU Commission processed by the observatory Il Sole 24 Ore-Clas-Pts Group; S3 Lombardy Region on COTEC data, Annual Report on Innovation 2012.

Real estate market

1. INDUSTRIAL/MANUFACTURING SECTOR

Lombardy has 15.8% of the businesses in the industrial/manufacturing sector with 26.9% of total national exports. 99% of the total active businesses in Lombardy are small and medium-sized businesses (up to 250 employees) and employ 71.1% of total employees.

15,8% of businesses nationally

26,9% of national exports

99% of the total active businesses in Lombardy are small/medium-sized businesses


2. MANAGEMENT/OFFICES SECTOR

Lombardy has 22% of the national stock of offices or 140,000 units, for a total surface area of 12.58 million m2 (3.4 million m2 in Milan alone).

1st region in Italy for supply of offices

22% of the national supply of offices

12% vacancy rate


3. LOGISTICS SECTOR

First in Italy in this sector, Lombardy counts almost 150,000 warehouses (20% of the Italian stock) and 70,000 kilometres of roads. Every year, 379 million tonnes of goods circulate in Lombardy on the roads, 25% of the Italian total.

1st in Italy in the logistics sector

A 70,000-kilometre road system

1,500 logistics businesses


4. TOURISM/HOSPITALITY SECTOR

More than 40 million passengers use the airports in Lombardy every year, and the region offers more than 4,000 accommodation facilities. Milan is one of the capitals of fashion and shopping: since 2015, the city has seen more than 7 million tourists per year.

Lombardy is the number one region in Italy in hotels

52% international tourists in Lombardy

More than 40 million passengers in Lombardy’s airports

Data source: Invest in Lombardy elaboration of Eurostat and Milan Chamber of Commerce Data; Tourism in Lombardy 2015, Eupolis Lombardia; Invest in Lombardy elaboration with Eupolis Lombardia and ISTAT data