Next Generation EU funds
16.6 billion euros to boost Portugal's recovery
The European Union (EU) has decided to ramp up the budget to boost Europe's economic and social recovery and growth. These funds are made available in Portugal through the Recovery and Resilience Plan (RRP).
BBVA helps you to calculate the potential stimulus your company may receive.
What are Next Generation EU funds?
The EU had planned to establish a budget for European development between 2021 and 2027. Due to the COVID-19 crisis, this budget was ramped up by 750 billion euros. This increase led to the creation of the Next Generation EU funds.
The aim is to relaunch the economy in the short term and improve productivity and growth potential in the medium and long term.
When will these funds be made available in Portugal?
This aid is expected to arrive in Portugal during the month of June.
These funds are part of the Recovery and Resilience Plan (RRP), which will have a budget of 16.6 billion euros:
- €13.9 billion for grants and outright transfers
- €2.7 billion in loans
How can you take advantage of this opportunity?
The funds are mainly used by companies as they are the main drivers of the economy and job creation.
As a main condition for access to the funds, companies must invest in projects related to:
- Resilience: social and territorial cohesion and boosting productive potential, competitiveness, and cohesion.
- Climate Transition: sustainable mobility, decarbonization, and energy efficiency, among others.
- Digital Transition: digital development of communities and infrastructure, such as schools and SMEs.
We want to facilitate access to aid
At BBVA, we want to continue to be part of the solution and help companies to recover from the current crisis. In this sense, we offer our clients the consulting they need to benefit as much as possible from the positive effect of this aid.
For your company to be able to take advantage of the opportunities of the RRP, you need to see if your investment projects line up with the objectives of the European Funds and get a head start on your application process.
Through a collaboration with Deloitte, we help your company throughout this process.
What can BBVA do for you?
CollaborationTogether with your company, we work out the necessary adjustments in your projects and investment in order to maximize the aid available in the Recovery and Resilience Plan
Want to stay informed?
There is still much to be decided. There will be more and more specific news and information as time goes on. If you are interested, you can contact us to keep you updated.
More information on Next Generation EU Funds
Which sectors will benefit from European aid?European aid is aimed at boosting sectors connected to strategic axes for the region's future, such as the energy transition, the circular economy, sustainable mobility, and digitalization.
The conditions for accessing Next Generation EU funds are subject to the legal criteria defined by the European Union and/or the Portuguese Government.