Scope:
- Investment projects with a positive impact on innovation, exports of goods / services and the creation of highly qualified jobs;
- Projects with eligible expenses > 25,000,000 €
- Projects with eligible expenses < 25.000.000 € and > 15.000.000 € * if they meet two out of three conditions:
- Job creation: 50 full-time employees or 20 highly skilled full-time employees in the performance evaluation year;
- Exports intensity equal to or greater than 80% in the performance evaluation year;
- Investment impact (Eligible expenses / Net Fixed Assets) equal to or greater than 50%.
Type of investment projects:
- setting-up of a new facility;
- increase in capacity of an existing facility;
- output diversification, i.e. enabling a facility to manufacture / deliver new products or services;
- fundamental change in the production process or in the provision of the service of an existing facility.
Sector Scope:
- Manufacturing Activities: Divisions 05 to 33 under NACE / CITA “Classificação de Atividades Económicas Rev 4” (CAE Rev 4 – in Portugal);
- Tourism Activities: Divisions (2-digits) 55 (with exception of 559), 79, 90, 91 (with exception of 911); groups (3-digits) 561, 563, 771; activities belonging to subclasses (5-digits) 50103, 50302, 77211, 77212, 82300, 93110, 93192, 93212, 93292, 93294 e 96230 under NACE / CAE Rev 4.
Eligible Expenses:
- Tangible Fixed Assets: costs of acquisition of new machinery and equipment; construction and building costs (building costs up to 35% of total eligible expenses). (Land acquisition costs are not eligible).
- Intangible Fixed Assets: acquisition of software; technology transfer (up to 50% of total eligible expenses).
- For projects entailing a significant number of new highly qualified jobs and net job creation, wage expenses (salary + social security), over a period of 2 years, may be considered as an alternative to the fixed assets listed above.
Support:
- Maximum rate for cash grant depending on the type of investment project:
| 30% | 20% | 25% | 25% |
| Setting-up a new facility |
Increase in capacity of an existing facility |
Output diversification, i.e. enabling a facility to manufacture / deliver new products or services | Fundamental change in the production process or in the provision of the service of an existing facility |
- For projects with over €50 million of eligible expenses, the grant (state aid) is subject to European Commission approval and the support rate must be adjusted; it is necessary to compute the ‘adjusted aid amount’. This means the maximum permissible aid amount for a large (over €50 million of eligible expenses) investment project, according to the following formula: = R × (A + 0,50 × B + 0,34 × C) where: R is the maximum aid intensity in the area concerned. A is €50 million. B is the part of eligible costs between €50 million and €100 million. C is the part of eligible costs above €100 million.
- Cumulative with Tax incentives (for the same investment project, up to the maximum state aid allowed for the region).
- Maximum support rates are available in the Regional Aid Map for Portugal.
How to Apply:
