Economic and financial analysis and impact assessment of the project Città dell’Aerospazio in Turin

Finpiemonte Partecipazioni played an active role in the pre-feasibility and development phases of the project of the Aerospace City, initiative aimed at establishing a plurality of functions related to the aeronautics and aerospace world in the industrial area between Corso Francia and Corso Marche in Turin and the Torino Aeritalia Airport in Collegno. Given the strategic nature of the operation, in the feasibility study it was considered essential to accompany the economic and financial analysis with the assessment of the impacts generated on the territory (competitiveness, attractiveness, increase in employment and student population, etc.).

The Aerospace City project is an ambitious urban regeneration project aimed at creating a real citadel with aeronautical/aerospace vocation. The project involves the recovery of some industrial buildings and the construction of new buildings with very high energy performance and the installation of functions related to the industrial realities of the aeronautics/ aerospace sector already present in the area (and owners of most areas concerned), such as: laboratories and classrooms, spaces for SMEs and startups, aeronautics museum and Space Center, spaces for flight experimentation, etc. project is an ambitious urban regeneration project aimed at creating a real citadel with aeronautical/aerospace vocation. The project involves the recovery of some industrial buildings and the construction of new buildings with very high energy performance and the installation of functions related to the industrial realities of the aeronautics/ aerospace sector already present in the area (and owners of most areas concerned), such as: laboratories and classrooms, spaces for SMEs and startups, aeronautics museum and Space Center, spaces for flight experimentation, etc.

The financial economic analysis was carried out at a preliminary level taking into account all the inputs provided by stakeholders involved in project development and reconstructing the type of investments planned, the possible funding schemes and implementation tools, sources of coverage that can ensure the feasibility and coherence with PNRR areas.
The expected impact assessment of the project has seen the exploitation of a set of quantifiable, quantitative or qualitative indicators peculiar to the initiative and related to the economic, environmental and social field for the definition of socio-social returnthe economic value of the planned investment.