Portugal 2030 and PRR: 4 supports measures with open applications for your company

In this article, we explore four supports measures available through Portugal 2030 and PRR that can play a vital role in the growth and success of your business.

With applications open, these programs offer an unmissable opportunity for companies that aim to boost their competitiveness, expand their presence in the international market and benefit from emerging trends in the global economy.

1. SI Productive Innovation

The Portugal 2030 productive innovation support measure, which is aimed at micro-enterprises and SMEs, is an opportunity to improve your company’s infrastructures (or create new ones), equipment and technologies.

This line is intended to support:

– construction or remodeling works of industrial or tourist spaces;

– acquisition of machinery and other productive equipment;

– implementation of energy efficiency systems, such as solar panels;

– adoption of new software and hardware;

This measure is divided into two, one  dedicated to low-density territories and the other dedicated to the others.

Depending on the size of your business, you can get support for up to 50% of eligible expenses.

Learn more about this Portugal 2030 incentive here.

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Do you have a company in the tourism sector? Get to know the offer qualification support line.

2. Productive Business Investment for a Just Transition

This measure of Portugal 2030 has two main objectives:

– support innovative and qualified initiatives that drive advancement in the value chain.

– Support actions aimed at diversifying, modernizing, and transforming the economy, with a particular emphasis on strengthening and expanding technologically advanced industrial sectors and services aimed at the climate and energy transition.

This measure is intended only for investments made on the Alentejo coast and may finance up to 50% of them. Applications are now open and are divided into phases, with the last phase closing on December 15, 2023.

Learn more about this Portugal 2030 incentive here.

3. Internationalization via e-commerce

Internationalizing is the big step that many companies have to take, not only to grow, but to become financially viable. And in the world we live in, internationalizing doesn’t just mean opening a store or branch in another country. Enter the power of e-commerce and the ability it gives a company to internationalize its business without leaving Portugal.

It is with this reality in view that the PRR offers the measure of “internationalization via e-commerce”. This measure aims to financially support companies that want to have a direct presence in online channels, such as the creation of e-commerce stores, the joining of marketplaces or the creation of international digital marketing campaigns. This line will provide support from € 10,000 to € 85,000, depending on the type of project.

For more detailed information, click here, or contact us.

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4. Strategic Recapitalization Program

Part of the PRR, this program aims to revitalize companies experiencing financial difficulties, supporting their consolidation, and promoting their financial resilience. This measure can support each company by up to €10 million.

Applications are open until December 31, 2023 and must be submitted to Banco de Fomento.

Learn more about the PRR Strategic Recapitalization Program here.

And there are still supports from Portugal 2020 with open competitions

Although Portugal 2030 has already begun, there are still open calls for Portugal 2020 support measures.

We highlight, by way of example, the measure to support Research and Technological Development, which aims to finance projects with innovative technological solutions that lead to new products or services in the experimental phase. It is the ideal support if you are developing some software or product in the prototyping phase.

Navigating between so many measures and information is no easy task…

Portugal 2030 and PRR are two golden tools to boost the business of Portuguese companies. But for this, you need to know how to find the right support line for your company and make a precise application so that you can access that same line.

This is where our expertise comes in. Lisboa Investments is a consultant specialized in obtaining incentives and submitting applications for Portugal 2030 funds.

Schedule a meeting with us and see how we can help. Get in touch here.