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

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.