Portugal is set to receive 23 billion euros from the European Union, aimed at attracting investment to the country.
Lisbon submitted the final version of the Portugal 2030 Partnership Agreement to the European Commission last June, after months of dialogue and formal negotiations.
The next EU support framework also includes funds from the European Regional Development Fund (11.5 billion euros), the European Social Fund (7.8 billion euros), the Cohesion Fund (3.1 billion euros), the Fair Transition Fund (224 million euros) and the European Maritime Affairs, Fisheries and Aquaculture Fund (393 million euros).
The agreement, which was approved by the Cabinet last March after a public consultation period and then formally submitted to Brussels, aims to “boost the country’s structural transformation, a transformation that is intended to be based on qualification, capacity building, innovation and digital transformation, climate transition and sustainability, bearing in mind the dimensions of inclusion, equality and territorial cohesion”, the statement added.
The money may be applied until 2029, adding to the 16.65 billion euros of the Recovery and Resilience Plan until 2026, CLBrief reported.