Through 16 national and regional programmes, Portugal has been allocated EUR 25.9 billion from European Structural and Investment Funds over the period 2014-2020. With a national contribution of EUR 6.9 billion, Portugal has a total budget of EUR 32.2 billion to be invested in various areas, from jobs and growth to boosting research and innovation as well as protecting the environment and increasing labour market participation.
Portugal is also receiving funding from the EU to support socio-economic development in key areas such as: Employment, Education, Infrastructures, Public Administration, Environment and Energy, Social Inclusion, Maritime Economy as Research and Development.
With 77% of the funds being allocated so far, there are still significant funding opportunities that public and private organizations can explore. The country is expected to accelerate the procurement process during the next 5 years as ESIF can be used by 2023.
Within R&D under Horizon2020, this European programme allocated around 63% of the total financing volume to Portuguese Scientific and Technological institutions. Universidade de Lisboa is leading the list of funded projects amounting around EUR 65 million. In the light of these figures, Carlos Moedas noted that Portugal “has a growing capacity to attract and participate in EU research projects”. The Minister of Science, Technology and Higher Education noted that Portugal “registered a 13,4% success rate in submitted projects, while the European average rate is 12,6%”.
For the next EU 2021-2027 budget, the European Commission’s proposal for 2021-2027 has earmarked around €21.2 billion for Portugal under the Cohesion Policy. The budget is not final as negotiations with the EU Parliament and EU Council are ongoing, but Portugal should continue being one of the biggest EU funding recipients in South Europe in the post 2020 period.
Did you know ?
- Portugal joined the EU in 1986
- EU funds focuses on overcoming the crisis by investing in growth and jobs, for example through the multi-billion-euro fund to tackle youth unemployment around Europe in the Union’s hardest-hit regions.
- Total financing under the European Fund for Strategic Investments (EFSI) in Portugal amounts to €2.2 billion and is set to trigger €7.3 billion in additional investments.
- Vasco da Gama bridge, located in the northern region of Lisbon, is the longest bridge in Europe with a total length of 12,345 meters and was co-financed with EU funds. The European Union Cohesion Fund contributed €319M while the European Investment Bank granted a loan of €299M.
- The most important sectors of Portugal’s economy are wholesale and retail trade, transport, accommodation and food services and public administration, defence, education, human health and social work activities and industry