Banco Português de Fomento with €3.6 billion to boost companies
Banco Português de Fomento (BPF) has launched a new support program for Portuguese companies. With a total of 3.6 billion euros, the BPF InvestEU Guarantee Lines aims to promote the growth, competitiveness, internationalization, innovation and sustainability of Portuguese companies.
The launch of this program is the result of the InvestEU guarantee agreement signed with the European Commission.
Banco Português de Fomento with €3.6 billion to boost companies
Banco Português de Fomento (BPF) has launched a new support program for Portuguese companies. With a total of 3.6 billion euros, the BPF InvestEU Guarantee Lines aims to promote the growth, competitiveness, internationalization, innovation and sustainability of Portuguese companies.
The launch of this program is the result of the InvestEU guarantee agreement signed with the European Commission.
Boosting the growth of SMEs and the Portuguese economy
According to Ana Carvalho, Chairman of the BPF Executive Committee, "the BPF InvestEU Guarantee Lines, which total 3.6 billion euros, are an important milestone. This launch was only possible thanks to the BPF's recognition by the European Commission as an InvestEU implementation partner. These lines aim to boost the growth, innovation, sustainability and competitiveness of our economy."
Applications are open through the network of branches and business centers of the member credit institutions and mutual guarantee societies.
Program Main Goals
The BPF InvestEU Guarantee Lines program aims to support the development of SMEs in five specific areas. The program's objectives include the following:
- Capitalization: Promoting the growth of companies of all sizes, facilitating scalability, partnerships and mergers.
- Financing: Access to financial resources, creating advantageous conditions for various sectors.
- Entrepreneurship, Innovation and Talent: Valuing human capital and scientific knowledge, supporting startups and encouraging an entrepreneurial culture.
- Sustainability: Encouraging green practices and the circular economy, promoting environmental protection and long-term sustainability.
- Clustering: Creating clusters to promote cooperation between companies, educational institutions and governments, increasing competitiveness and innovation.
Available Guarantee Lines
The BPF InvestEU Guarantee Line - SMEs and Small Mid-Caps has a total of 2,560 million euros for three strategic areas:
Sustainable Investment: 1,280 million euros for waste management, land rehabilitation, pollution reduction, sustainable mobility, energy efficiency, clean fuel production and renewable energy projects.
Investment: 640 million euros to finance projects in fixed assets, intangibles and working capital (up to 20% of the amount financed), with a maximum of 5 million euros per company.
Working Capital: 640 million euros to finance the structural working capital needs of SMEs and Small Mid-Caps, with a maximum of 2 million euros per company.
With these guarantee lines, the BPF reinforces its commitment to the development and expansion of Portuguese companies.
More information on the BPF InvestEU Lines is available on the Banco do Fomento website.
Andreia Arenga
24.07.2024
Boosting the growth of SMEs and the Portuguese economy
According to Ana Carvalho, Chairman of the BPF Executive Committee, "the BPF InvestEU Guarantee Lines, which total 3.6 billion euros, are an important milestone. This launch was only possible thanks to the BPF's recognition by the European Commission as an InvestEU implementation partner. These lines aim to boost the growth, innovation, sustainability and competitiveness of our economy."
Applications are open through the network of branches and business centers of the member credit institutions and mutual guarantee societies.
Program Main Goals
The BPF InvestEU Guarantee Lines program aims to support the development of SMEs in five specific areas. The program's objectives include the following:
- Capitalization: Promoting the growth of companies of all sizes, facilitating scalability, partnerships and mergers.
- Financing: Access to financial resources, creating advantageous conditions for various sectors.
- Entrepreneurship, Innovation and Talent: Valuing human capital and scientific knowledge, supporting startups and encouraging an entrepreneurial culture.
- Sustainability: Encouraging green practices and the circular economy, promoting environmental protection and long-term sustainability.
- Clustering: Creating clusters to promote cooperation between companies, educational institutions and governments, increasing competitiveness and innovation.
Available Guarantee Lines
The BPF InvestEU Guarantee Line - SMEs and Small Mid-Caps has a total of 2,560 million euros for three strategic areas:
Sustainable Investment: 1,280 million euros for waste management, land rehabilitation, pollution reduction, sustainable mobility, energy efficiency, clean fuel production and renewable energy projects.
Investment: 640 million euros to finance projects in fixed assets, intangibles and working capital (up to 20% of the amount financed), with a maximum of 5 million euros per company.
Working Capital: 640 million euros to finance the structural working capital needs of SMEs and Small Mid-Caps, with a maximum of 2 million euros per company.
With these guarantee lines, the BPF reinforces its commitment to the development and expansion of Portuguese companies.
More information on the BPF InvestEU Lines is available on the Banco do Fomento website.
Andreia Arenga
24.07.2024
