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Support for Tourism in the Interior – Microcredit Line

Support for Tourism in the Interior – Microcredit Line

Support for tourism in the interior aims to develop investment projects promoted by micro and small tourism companies, aiming to:

  • Improve their competitiveness;

  • Adequate and sustainable structuring of the tourism offer;

  • Qualification of interior territories.

The budget allocation is €15M and aims to support the creation, growth, or expansion of micro and small companies through the implementation of investment projects that contribute to strengthening their competitiveness and sustainability.

The maximum investment is €50,000, with support provided in the form of an interest-free loan. The support rate amounts to 90% of the eligible investment, up to a limit of €30,000 per company.

There is the possibility of converting 30% of the support into a grant if project metrics are achieved in the key year for indicators such as Revenues, Gross value added, and Job Posts.

Loans are granted for a term of 7 years from the date of the respective contract, including a grace period of 24 months.

Learn more about the available supports here.

For more information on support for tourism in the interior, contact us via our email.

Support for the Alentejo Coast – Productive Business Investment for a Just Transition

Support for the Alentejo Coast

Support for the Alentejo Coast – Productive Business Investment for a Just Transition emerged under the Alentejo 2030 Program, aimed at SMEs wishing to develop investment projects in the region.

The call aims to support business investment in innovative and qualified activities, focusing on strengthening and expanding new industries and new technologically advanced services, aimed at climate and energy transition.

The budget allocation is €15M, with a co-financing rate of 40%, and projects must present a minimum eligible expenditure of €250,000 and a maximum of €25M.

Support will be provided for innovative operations resulting in the production of tradable and exportable products and services, related to:

  • The creation of a new establishment;
  • Increasing the capacity of an existing establishment;
  • Diversification of the production of an establishment to products not previously produced.

Eligible productive investments include sectors of Renewable Energies (excluding projects aimed at production, storage, transportation, distribution, and infrastructure); Agri-food and Tourism.

The following costs are eligible, provided they are directly related to the development of the operation:

  • Tangible assets;
  • Intangible assets;
  • Other investment expenses, including costs with certified accountants, studies or reports, engineering services, diagnostics, audits, and architectural and engineering projects.

The application period runs until December 15, 2023, with the decision analysis carried out according to the following phases:

  • Phase 1: until June 2 (RPA until 11/30/2022);  
  • Phase 2: until July 28 (RPA);
  • Phase 3: until September 29;
  • Phase 4: until December 25.

For more information on support for projects on the Alentejo Coast, contact us via our email.

Portugal 2030: SI Productive Innovation

Portugal 2030: SI Productive Innovation

The first calls of Portugal 2030: SI Productive Innovation have been launched, aimed at SMEs in the North, Center, Lisbon, Alentejo, and Algarve regions.

The budget allocation is €400M, aimed at projects that contribute to improving the productive capacities of SMEs and developing innovative, digital, and sustainable solutions, mainly based on R&D results and increasing qualified employment.

Of the total European Regional Development Fund (ERDF) support, €125M is intended for investments in Low-Density Territories and €275M for other territories.

Applications are open until December 15, 2023, distributed in 4 phases, with the first 2 phases exclusive to companies that submitted an RPA.

Supportable operations are innovative in nature, resulting in the production of tradable and exportable products and services with high added value, contributing to strengthening export orientation and the external competitiveness of the Portuguese economy.

Eligible investment per application: between €250,000 and €25,000,000.

Action typologies:

Creation of a new establishment;

Increase in the capacity of an existing establishment;

Diversification of the production of an establishment to products not previously produced;

Fundamental alteration of the overall production process of an existing establishment.

For more information on Portugal 2030: SI Productive Innovation, contact us via our email.

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