Tavira reserves 450 thousand euros for the Entrepreneur Support Fund

Tavira reserves 450 thousand euros for the Entrepreneur Support Fund


The period for submitting applications to the Tavira Entrepreneurs Support Fund (FAET), which will have an available amount of 450 thousand euros, will be open from 15 February.

"This fund aims to revitalize the county's business fabric, mitigate the harmful effects of the serious economic crisis, keep companies in business and guarantee the maintenance of jobs", says the Chamber of Tavira, in a statement.

This action is promoted by the Association for the Integrated Development of Baixa de Tavira, with the support of the municipality, and is aimed at companies with turnover of up to 350 thousand euros.

Applications are valid until June 30, 2021, or even when the amount of support granted to companies runs out of the estimated global budget.

In the year 2020, a turnover drop of at least 25% constitutes essential access conditions, compared to the same period in the case of companies that started their activity before 2019; or a decrease in the average monthly billing, communicated to the Customs Tax Authority (AT) in the e-Invoice system, in the case of companies that started activity in 2019 – the drop should be at least 25%, in the period between March and December 2020, compared to the monthly average between the month of beginning of activity and the month of February of last year, considering only the complete calendar months.

Any doubts or questions related to the Tavira Entrepreneurs Support Fund can be sent or put to the Association for the Integrated Development of Baixa de Tavira, through the electronic address [email protected] or contact 281320591. The documentation is available on the website the autarchy.

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