Rome, November 25 – (Adnkronos) – “Investing in culture is not just an expense: it means generating economic, social and environmental benefits. It is a real value multiplier for the region and the country”. This was stated by Beniamino Quintieri, president of the Institute for Sports and Cultural Credit, speaking at the Io sono Cultura 2025 presentation. (Video)
Quintieri underlines how the new report “dedicates great attention to the theme of impact, a decisive element for understanding how much culture contributes to urban regeneration, environmental improvement, growth of cohesion and social capital, and the formation of more conscious and cultural communities”. “As a public bank for sport and culture – he added – we measure the SROI of each project. In 2024 alone, the figure will reach 3.36x: for every euro spent, there is a three times higher social return. This is why our mission is to invest, also with an incentive system, in a sector that gives more than it receives”.
The ICSC President then highlighted the important issues that still hinder the full development of the sector: “The biggest difficulty, when looking at the difference between sport and culture, is the lack of a financial culture. We finance museums, student dormitories, cinemas, and also many small businesses that have difficulty accessing credit. There is still a habit of relying on public or philanthropic contributions that cannot be repaid, while the culture of good debt is gone, even with our subsidized rates.” Quintieri recalled that “over the years we have invested 200 million dollars, but we need to do more. To achieve this we need a change of pace throughout the system”, he concluded.
