Portugal to Receive 10 Billion in European Funds in 2025: The Biggest Support in History
In 2025, Portugal will receive a record amount of ten billion euros in European funds, more than double the annual average of recent years. This amount will be distributed through programs such as the PRR (Recovery and Resilience Plan), Portugal 2030, the CAP (Common Agricultural Policy) and other support, with the aim of boosting the country's economic and social development.
Portugal to Receive 10 Billion in European Funds in 2025: The Biggest Support in History
In 2025, Portugal will receive a record amount of ten billion euros in European funds, more than double the annual average of recent years. This amount will be distributed through programs such as the PRR (Recovery and Resilience Plan), Portugal 2030, the CAP (Common Agricultural Policy) and other support, with the aim of boosting the country's economic and social development.
Since joining the EEC (European Economic Community) in 1986, Portugal has received more than 160 billion euros in support from the European Union. In 2025, the volume of resources will be the highest ever, which represents a unique opportunity for companies and regions. The Deputy Minister for Territorial Cohesion, Castro Almeida, stressed that the year will be “exceptional”, with a volume of funds never seen before.
However, the big issue will be the effective management of these resources, especially given the criticism of bureaucracy and slow project approval. It will be crucial for the government, companies and local authorities to be able to work efficiently to ensure that the funds reach the right projects at the right time.
For PMEs, this increase in funds represents a golden opportunity to invest in digitalization, sustainability and innovation, priority areas for 2025 support. In addition, it is expected that a significant part of the resources will be directed towards reducing regional inequalities and promoting development in more peripheral areas.
With 10 billion euros at stake, 2025 will be a litmus test for Portugal's ability to take advantage of this European support and accelerate its economic and social growth.
Leonor Silva
13.11.2024
All rights reserved. This article is protected by copyright and may not be reproduced, distributed, transmitted or used, in whole or in part, without the prior written permission of Equações Exaustivas Lda. All trademarks, company names, logos and products mentioned are the property of their respective owners.
Since joining the EEC (European Economic Community) in 1986, Portugal has received more than 160 billion euros in support from the European Union. In 2025, the volume of resources will be the highest ever, which represents a unique opportunity for companies and regions. The Deputy Minister for Territorial Cohesion, Castro Almeida, stressed that the year will be “exceptional”, with a volume of funds never seen before.
However, the big issue will be the effective management of these resources, especially given the criticism of bureaucracy and slow project approval. It will be crucial for the government, companies and local authorities to be able to work efficiently to ensure that the funds reach the right projects at the right time.
For PMEs, this increase in funds represents a golden opportunity to invest in digitalization, sustainability and innovation, priority areas for 2025 support. In addition, it is expected that a significant part of the resources will be directed towards reducing regional inequalities and promoting development in more peripheral areas.
With 10 billion euros at stake, 2025 will be a litmus test for Portugal's ability to take advantage of this European support and accelerate its economic and social growth.
Leonor Silva
13.11.2024
All rights reserved. This article is protected by copyright and may not be reproduced, distributed, transmitted or used, in whole or in part, without the prior written permission of Equações Exaustivas Lda. All trademarks, company names, logos and products mentioned are the property of their respective owners.
