Government measures in key jurisdictions 3rd edition final - Flipbook - Page 96
Pedro Lemos Carvalho | pedro.lemos.carvalho@garrigues.com | +351 218 913264
Susana Pimenta Sousa | susana.pimenta.sousa@garrigues.com | +351 218 913 249
96
Loans and
financial
support
: credit line of up to €400 million
for treasury support under the Capitalizar Covid-19 Programme preferentially for SMEs not covered by
the specific credit lines below.
Has the
government put in
place any new
bank funding
schemes?
•
€60 million (tourism sector – microenterprises),
•
€600 million (restaurant business),
•
€200 million (travel agencies, tourist entertainment and event organisation companies),
•
€900 million (touristic developments and accommodation), and
•
€4.5 billion (credit line applicable to all companies, irrespective of the economic sector in which
they are engaged, and covers, inter alia, textile industry, clothing and footwear, trade and
services, transport, real estate, construction, extractive and manufacturing industries, mining
and wood industry).
•
Manufacturing Innovation Covid-19 (Inovação Produtiva Covid-19) (€46 million) for SMEs and
large enterprises.
•
Research and Development for Companies – Covid-19 (I&D Empresas - Covid-19) (€23 million)
for companies and entities part of the National Investigation and Innovation System (Sistema
Nacional de I&I).
•
Creation of “Startup RH Covid-19”, which is a financial support through an incentive equivalent to
1 minimum wage per employee (up to a maximum of 10 employees per start-up).
•
Extension of the “Start-up Voucher” (i.e. a 3-month extension of the benefit already awarded
(EUR 2,075 per employee)).
•
Creation of the “Vale Incubação – Covid-19”, a financial support for start-ups with less than 5
years of existence, through the hiring of incubation services based on a non-refundable
incentive of EUR 1,500.
•
Creation of “mezzanine” funding for start-ups through a loan convertible into share capital
(shareholder loans), after 12 months, applying a discount rate to avoid dilution of promoters
(average investment tickets between EUR 50,000 and EUR 100,000 per start-up).
•
Launch of the “Covid-19 - Portugal Ventures” for investments in start-ups, with tickets from
EUR 50,000.
•
Modification of the already existing fund “Fundo 200M”, which is a co-investment with private
investors in Portuguese start-ups and scale-ups, with the minimum public investment of EUR
500,000 and the maximum of EUR 5,000,000.
•
Modification of the already existing fund “Fundo coinvestimento para a inovação social”, which is
a co-investment with private investors in companies with innovative and social impact projects,
with the minimum public investment of EUR 50,000 and the maximum of EUR 2,500,000.
Government measures in key jurisdictions