Establishes a system of financial incentives for large investment projects

On 19 April 2023, the Council of Ministers established a system of financial incentives for large investment projects. The support is specifically focused on the themes of digitalisation, innovation, and qualifications, which are seen as drivers of investment. The system ensures that financial incentives are granted to projects that aim to increase the supply of innovative goods and services, stimulate demand for complementary goods in other sectors, and have a positive effect on various economic operators. To finance these projects, the Council of Ministers has allocated a maximum annual amount of EUR 150 million from the State budget. This funding will come from reimbursements and recoveries from previous programming periods that have already been closed, as well as reimbursements and recoveries from operations financed under this resolution.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Diário da República, Resolution of the Council of Ministers 34/2023, of 19 April, https://dre.tretas.org/dre/5326631/resolucao-do-conselho-de-ministros-34-2023-de-19-de-abril, 19 Apr 2023
  • lexology.com, System of financial incentives for large investment projects, https://www.lexology.com/library/detail.aspx?g=86ed99a9-2282-4a9d-a6e7-22d3732ca5b0&utm_source=Lexology+Daily+Newsfeed&utm_medium=HTML+email+-+Body+-+General+section&utm_campaign=Lexology+subscriber+daily+feed&utm_content=Lexology+Daily+Newsfeed+2023-05-10&utm_term=, 02 May 2023