Attract Program with 221.4 million public incentives for investments in the regions of the fires – The Jornal Econômico

Attract Program with 221.4 million public incentives for investments in the regions of the fires - The Jornal Econômico


The Atrair program, created in November last year with a budget of € 100 million, registered a total of € 221.4 million in public incentives to call new investments for the regions affected by the fires of 2017. The total approved investment was of 398.9 million euros, reveals the Minister of Planning and Infrastructures, Pedro Marques, who presented on Monday, October 22 the results of this program, whose high adherence led to double the incentive forecast for the 198 million euros.

The results of the program were presented at Castelo de Paiva, in a ceremony attended by the Minister of Planning and Infrastructures and the Secretary of State for Development and Cohesion, Nelson de Souza.

The applications for the Atrair program were divided between SI Inovação (System of support to productive investment and directed to investments with greater intensity in fixed capital) and SI2E (System of Incentives to Entrepreneurship and Employment).

In the first, according to the Executive, 111 projects were approved with an investment of 358.3 million euros and a public incentive of 198 million euros which provides for the creation of 2,285 jobs. In the second, 298 projects were approved, representing an investment of 40.6 million euros and a public incentive of 23.4 million euros.

A note from the Office of the Secretary of State for Development and Cohesion states that the projects supported by SI Inovação foresee an annual increase of exports in the order of 264 million euros and that "the realization of Atrair will allow to improve the standard of productive specialization of the regions in which the investment will be made ".

Completion of the Reset Program

The executive recalls that the Atrair program is the second step of the public policy plan for economic recovery of the territories affected by the fires of 2017 and comes after the Repor program, created to recover the productive potential in companies directly or partially affected by fires .

In this program, 278 companies were supported, in a total approved investment of 116 million euros and with 74 million euros of public incentives, allowing the maintenance of 3,335 jobs.

In all of the two programs, 677 companies were supported in a total approved investment of 515 million euros and with 295 million euros of public incentives, allowing the maintenance and creation of a total of 6,223 jobs.



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