National Financial Incentives

The European Union’s Multiannual Financial Framework (MFF), originally intended to run from 2021 to 2027, was already under negotiation in 2018, at a time when Portugal was beginning to align more closely with the stronger European economies. However, the global pandemic crisis later emerged, prompting the EU to revise its entire international financing policy to ensure the sustained growth of its member states.

In response, the European Council established an economic recovery programme known as Next Generation EU, supported by a €750 billion reinforcement of the EU’s overall budget. With the subsequent stabilization of the Multiannual Financial Framework, this resulted in a total financial package exceeding €1.8 trillion.

At the national level, Portugal is expected to access a financial package of approximately €40 billion, through the following programmes:

a) The Recovery and Resilience Plan (RRP), which includes a budget of €15.5 billion in grants, complemented by €2.7 billion in loans.

b) Portugal 2030 (PT2030), which succeeds PT2020, will have a budget of approximately €23 billion.

Together, these represent a new financial envelope for Portugal totaling €40 billion, of which around €10 billion is expected to be directly allocated to businesses: €4 billion through the RRP and €6 billion through PT2030.

It is therefore essential for companies to align their planned investments over the coming years with the available incentive packages, fostering a coordinated and complementary evaluation approach.

In parallel with this effort to create synergies between incentive programs, it will be necessary to assess additional solutions for co-financing investment projects. Based on our experience, these may include equity contributions, bank financing, among other options.