Project Description

Line of Support for the Qualification of Supply

Tourism Grants

The Grant for the Qualification of the Tourism Offer of Portugal provides support to improve the quality and competitiveness of the tourism sector. This includes access to funding, training and capacity building, certification, stimulating innovation and digitalization, promotion and marketing, as well as the development of tourism products and routes. The aim is to promote excellence in tourism services, stimulate sustainability and the development of the sector in Portugal.

Download the Infosheet

Support Status

Open

Financing

Up to 3.000.000€

Territory

National Territory

Eligible Entities

Tourism Enterprises

Line of Support for the Qualification of Supply

Tourism Grants

The Grant for the Qualification of the Tourism Offer of Portugal provides support to improve the quality and competitiveness of the tourism sector. This includes access to funding, training and capacity building, certification, stimulating innovation and digitalization, promotion and marketing, as well as the development of tourism products and routes. The aim is to promote excellence in tourism services, stimulate sustainability and the development of the sector in Portugal.

Download the Infosheet

Support Status

Open

Financing

Up to 3.000.000€

Territory

National Territory

Eligible Entities

Tourism Enterprises

Incentive Conditions

  • Aimed at medium and long-term financing of tourism projects that translate into:
    • In the re-qualification and repositioning of undertakings, establishments and activities, or;
    • The creation of undertakings, establishments and activities implemented in low density territories, or;
    • Focusing on the field of entrepreneurship.

  • The entire national territory.

  • Performance Bonus
  • Part of the financing component granted by TURISMO DE PORTUGAL may be converted into NON-REFUNDABLE SUPPORT if the following targets are met (included in the business plan presented in the Bank, to be measured in the third full year of operation):
    • Value of Turnover (NR) and Gross Value Added (GVA);
      GVA/GVA ratio equal or higher than the one registered in the pre-project year, if applicable, and with minimum values per CAE, according to the attached table;

  • Jobs to be created, and in the case of existing companies, the total number of jobs must at least be the same as in the pre-project year.
  • (1) Special projects:
    • Entrepreneurship projects, with a maximum eligible investment of €500,000, promoted by small or medium enterprises to be created or created less than two years ago, related to tourism enterprises, equipment or activities – CAE groups 931 and 932 – and services associated to the tourism sector, with special focus on technology-based ones;
    • Projects to be implemented in low density territories.

  • The participation of Turismo de Portugal has a limit of 3 million euros.

  • Beneficiaries of this line are all tourism enterprises of any size, nature and under any legal form and that are included in the following economic activities:
    • 551 – Hotel establishments
    • 55201 – Furnished accommodation for tourists (1)
    • 55202 – Tourism in rural areas
    • 55204 – Other short-stay accommodation (1)
    • 55300 – Camping grounds, caravan sites
    • 561 – Restaurants
    • 563 – Drinking establishments
    • 771 – Car rental
    • 79 – Travel agencies, tour operators, other reservation services
    • 82300 – Organisation of fairs, congresses and other similar events
    • 90040 – Operation of theatres and related activities (2)
    • 91020 – Museums activities
    • 91030 – Historical sites and monuments activities
    • 91041 – Zoological and botanical gardens and aquaria activities (2)
    • 91042 – Activities of parks and nature reserves (2)
    • 93110 – Sport facilities management (2)
    • 93192 – Other sports activities n. e. c. (2)
    • 93210 – Activities of amusement parks and theme parks
    • 93211 – Activities of travelling amusement parks (2)
    • 93292 – Marinas activities (2)
    • 93293 – Organisation of entertainment activities (2)
    • 93294 – Other amusement and recreation activities n. e. c. (2)
    • 93295 – Other itinerant amusement activities (2)
    • 96040 – Physical well-being activities (2)
    • Note:
      • (1) Framing limited to local accommodation in the form of lodging establishments or villas
      • (2) Activities which may be included, provided that they are developed by tourism enterprises

  • Tangible and intangible investment expenses that are an integral part of the project and that contribute to achieving its objectives are considered eligible, plus up to 10% for working capital
  • Expenses related to the following are not eligible for financing:
    • Acquisition of buildings and land;
    • Acquisition of motor vehicles and other rolling stock, except when these correspond to the tourism promotion activity itself, object of the framework, and prove to be environmentally sustainable;
    • Expenses inherent to the participation in fairs;
    • Subletting rights and rights of use of spaces;
    • Work for the company itself;
    • Studies, projects and technical assistance that altogether exceed 7% of the eligible investment;
    • Interim interest;
    • VAT, provided it is recoverable, even if it has not been or will not be effectively recovered by the beneficiary.

  • Requalification and repositioning of enterprises, establishments and activities concerning the defined economic activities (including extension);
  • Creation of undertakings, establishments and activities related to the defined economic activities, as long as they are implemented in low density territories, suitable to the current or potential tourism demand, overcome supply shortages and add value to the existing supply in the region;
  • Entrepreneurship* (undertakings, equipments or tourism animation activities – CAE Groups 931 and 932 – and services associated to the tourism sector, with special focus on the technology-based ones).
    • *Up to 500 thousand euros of eligible investment;
  • Promoted by small or medium enterprises to be created or created less than two years ago.

Incentive Conditions

Aimed at medium and long-term financing of tourism projects that translate into:
In the re-qualification and repositioning of undertakings, establishments and activities, or;
The creation of undertakings, establishments and activities implemented in low density territories, or;
Focusing on the field of entrepreneurship.

The entire national territory.

Performance Bonus
Part of the financing component granted by TURISMO DE PORTUGAL may be converted into NON-REFUNDABLE SUPPORT if the following targets are met (included in the business plan presented in the Bank, to be measured in the third full year of operation):
Value of Turnover (NR) and Gross Value Added (GVA);
GVA/GVA ratio equal or higher than the one registered in the pre-project year, if applicable, and with minimum values per CAE, according to the attached table;

Jobs to be created, and in the case of existing companies, the total number of jobs must at least be the same as in the pre-project year.
(1) Special projects:
Entrepreneurship projects, with a maximum eligible investment of €500,000, promoted by small or medium enterprises to be created or created less than two years ago, related to tourism enterprises, equipment or activities – CAE groups 931 and 932 – and services associated to the tourism sector, with special focus on technology-based ones;
Projects to be implemented in low density territories.

The participation of Turismo de Portugal has a limit of 3 million euros.

Beneficiaries of this line are all tourism enterprises of any size, nature and under any legal form and that are included in the following economic activities:
551 – Hotel establishments
55201 – Furnished accommodation for tourists (1)
55202 – Tourism in rural areas
55204 – Other short-stay accommodation (1)
55300 – Camping grounds, caravan sites
561 – Restaurants
563 – Drinking establishments
771 – Car rental
79 – Travel agencies, tour operators, other reservation services
82300 – Organisation of fairs, congresses and other similar events
90040 – Operation of theatres and related activities (2)
91020 – Museums activities
91030 – Historical sites and monuments activities
91041 – Zoological and botanical gardens and aquaria activities (2)
91042 – Activities of parks and nature reserves (2)
93110 – Sport facilities management (2)
93192 – Other sports activities n. e. c. (2)
93210 – Activities of amusement parks and theme parks
93211 – Activities of travelling amusement parks (2)
93292 – Marinas activities (2)
93293 – Organisation of entertainment activities (2)
93294 – Other amusement and recreation activities n. e. c. (2)
93295 – Other itinerant amusement activities (2)
96040 – Physical well-being activities (2)
Note:
(1) Framing limited to local accommodation in the form of lodging establishments or villas
(2) Activities which may be included, provided that they are developed by tourism enterprises

Tangible and intangible investment expenses that are an integral part of the project and that contribute to achieving its objectives are considered eligible, plus up to 10% for working capital
Expenses related to the following are not eligible for financing:
Acquisition of buildings and land;
Acquisition of motor vehicles and other rolling stock, except when these correspond to the tourism promotion activity itself, object of the framework, and prove to be environmentally sustainable;
Expenses inherent to the participation in fairs;
Subletting rights and rights of use of spaces;
Work for the company itself;
Studies, projects and technical assistance that altogether exceed 7% of the eligible investment;
Interim interest;
VAT, provided it is recoverable, even if it has not been or will not be effectively recovered by the beneficiary.

Requalification and repositioning of enterprises, establishments and activities concerning the defined economic activities (including extension);
Creation of undertakings, establishments and activities related to the defined economic activities, as long as they are implemented in low density territories, suitable to the current or potential tourism demand, overcome supply shortages and add value to the existing supply in the region;
Entrepreneurship* (undertakings, equipments or tourism animation activities – CAE Groups 931 and 932 – and services associated to the tourism sector, with special focus on the technology-based ones).
*Up to 500 thousand euros of eligible investment;
Promoted by small or medium enterprises to be created or created less than two years ago.

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