Albufeira and Turismo do Algarve clarify support

Albufeira and Turismo do Algarve clarify support

More than 80 participants attended the clarification session addressed to entrepreneurs in the local tourism sector, on the Treasury support line (Covid-19) – tourism micro-companies, provided by Turismo de Portugal.

It is an instrument that aims to respond to the immediate financing needs of microenterprises, safeguarding their full activity and their human capital. The allocation for this line amounts to 60 million euros.

The session was attended by the Mayor of Albufeira who highlighted the importance of the
municipality in the regional and national tourism context, recalling that «Albufeira is a municipality that, due to its economic dynamics, generates wealth, generates employment, and also generates revenue for the General State Budget, so it is essential that at this stage, the solutions presented are practical and feasible ».

The mayor was accompanied by the session and made some suggestions, taking the opportunity to clarify which instruments the municipality is applying, in order to meet the needs of businessmen.

João Fernandes, President of the Algarve Tourism Region, made a portrait of the current state of tourism activity, stressing that some increase is expected from June, within a limited framework that also stems from national and international guidelines regarding the movement of people.

João Fernandes recalled that the national and proximity market, namely Spain, although conditioned by the evolution of the situation in this country, may contribute to some economic activity during this bathing season, since travel by air will be much more conditioned.

The “Treasury Support Line for Tourism Microenterprises – Covid 19”, a reimbursable incentive with no remuneration interest, is aimed essentially at micro companies in the tourism sector with up to 10 jobs and whose annual turnover or total annual balance does not exceed 2 millions of euros. The financial support corresponds to the value of 750 euros per month for each job in the company on February 29, 2020, multiplied by a period of three months, up to a maximum amount of 20 thousand euros per company. The maximum execution period is 3 years from the date of conclusion of the contract, including a 12-month grace period.

Those interested in obtaining more information about this and other support instruments, can do so through the AGE – Gabinete de Empreendedorismo de Albufeira or through the Office of Support to Entrepreneurs of the Algarve Tourism Region, through email contacts: [email protected], telephone: (+351) 289 599 579, mobile: (+351) 969 516 702 or website.


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