Applications open in the Algarve to the National Production Support Program for the industrial sector

Applications open in the Algarve to the National Production Support Program for the industrial sector


Applications are now open for the National Production Support Program, namely for the industry sector in the Algarve region, and applications are expected to open in the remaining regions and for other sectors of activity in the coming days, warns Moneris.

This program aims to support the acquisition of machinery, equipment, technological / digital services and quality systems, certification systems that alter the production processes of companies, supporting them in the digital transition, in the energy transition, in the introduction of production processes more environmentally friendly and that are, at the same time, a stimulus to national production, in order to promote improvement in the productivity of companies in the context of new business models.

The program is aimed at Micro and Small Enterprises and aims to support investments between 20 thousand and 235 thousand euros, with a support rate of up to 50% non-refundable, with an increase of 10% for the interior territories.

The application deadlines are very short, so it is essential to prepare your application in time, governed by the main eligibility criteria: Project financing with a minimum of 10% of own capital; Electronic certification SME; Positive results in the last financial year proven by IES; and Have at least one employee assigned to the company's staff in the pre-project year.

Regarding obligations: the main one is the maintenance of the company's current jobs. Regarding the Application Deadlines: the 1st phase runs until January 29, 2021 and the 2nd phase runs until February 26, 2021.

For more information, you can contact Moneris through the email [email protected], which has a specialized team that has followed numerous companies in their applications for structural funds, with a 91% approval rate. In addition to the application process, the Moneris team is also present throughout the project's execution period, in order to guarantee the maximum co-financing to be obtained.

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