Consolidate +Tourism Line

Consolidate +Tourism Line aims to support tourism companies in coping with capital repayment installments due to Banking Institutions, contracted through credit lines promoted by the Portuguese Development Bank, because of the Covid-19 Pandemic.

This support takes the form of a Refundable Incentive (interest-free) and is intended for Micro and Small companies whose activity is mostly touristic.

The financing corresponds to 75% of the capital repayment installments due to the credit institution during the year 2023, up to a maximum of €40,000 per company (€50,000 in the case of low-density territories).

Loan installments paid or due between January 1 and December 31, 2023, are considered.

Support is transferred to the company in two tranches:

• The first tranche, corresponding to 50%, is settled after signing the Acceptance Term;
• The second tranche (50%) is settled after at least three months from the first tranche.

Applications are open until December 31, 2023, or until the budget allocation of €30M is reached.

Learn more about available supports for tourism here.

For more information on Consolidate +Tourism Line contact us via our email.