Creativity, Responsibility and the Social Project Finance in the Revitalization of Abandoned Territories

This study on the relationship between creativity and responsibility in the processes of revitalisation of abandoned territories is part of the debate on the structural drift to which the possible long-term effects of public deficit spending envisaged by the National Recovery and Resilience Plan launched by the Italian Government to combat the economic crisis generated by the pandemic. This emergency has frozen the austerity regime and the constraints that the EU has placed since its inception on public spending and welfare, especially by the most indebted countries. Starting from an overall background of the territorial economic and demographic disadvantage, and in the prospect of the ecological transition programme, the paper proposes a Public–Private Partnership approach to the renovation of the depopulated old towns, through a financial tool combining Social Impact Bond features with the financing process at the base of tax credit properties renovation, consistent with the administrative aptitudes of the small-town centres.