Portugal has 61 billion euros in financing until 2029
THE The study “Financing Opportunities for SMEs in the Agrifood Sector 2021-2027” was carried out within the scope of the PortugalFoods_Qualifica project, which, for two years and with 357,000 euros of investment, promoted the capacity of the sector on topics such as Industry 4.0, digital economy, economy circular or financial literacy.
Without a total, financing for the next eight years amount to 61 billion euros, more than half corresponding to the Multiannual Financial Framework (MFF) 2021-2027.
The remaining amount is divided between the execution of Portugal 2020 and the NextGeneration EU.
The European Commission (EC), within the scope of the covid-19 pandemic, mobilized a set of financial resources to support the Member States, within the scope of the 2021-2027 Multiannual Financial Framework and the NextGeneration EU instrument.
The Recovery and Resilience Plan (PRR), which stems from NextGeneration EU, has around €19 billion, €16,400 million of which in grants and €2.7 billion in loans.
The latest version of this plan was published by the Government on April 22nd and approved on June 16th by the European Commission.
This document includes three dimensions – resilience, climate transition and digital transition – materialized in 20 components which, in turn, comprise 37 reforms and 83 investments.
Access to this financing by companies is segmented into 20 components, which include investments with different objectives.
For small and medium-sized enterprises (SMEs) in the agri-food sector, the components C5 – capitalization and business innovation stand out, which in two types of financing add up to 960 million euros, C10 – Sea (21 million euros), C11 – – Decarbonization Industry (715 million euros), C12 – Sustainable Bioeconomy (145 million euros) and C13 – Energy efficiency and buildings (370 million euros in two types).
There is also a component C16 – Companies 4.0 (550 million euros in two types).
The document also notes that Portugal 2030 should have 6,000 million euros for companies, slightly above the amount that was foreseen in the previous program.
In turn, the Horizon Europa program has €95,500 million for research and innovation activities until 2027 in Europe.
The InvestEU program will mobilize an additional €372 billion of public and private investment, through an EU budget guarantee of €26.2 billion that supports investment by implementing partners such as the European Investment Bank (EIB).
The InvestEU program brings together the European Fund for Strategic Investments and 13 other financial instruments.
“This is another funding opportunity that should be explored by companies in the agri-food sector, as this program supports projects that can be financed by banks or other financial entities, in the fields of sustainable infrastructure, research, innovation and digitization, investment social and competence skills, but also other support for SMEs,” he added.
To carry out this analysis, a biography was used, which includes several documents from the European Commission, IAPMEI, reports from PortugalFoods, among others.
PortugalFodds has more than 150 members, including companies, entities from the national scientific system in the agrifood sector and other related entities.
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