Recovery and Resilience Facility: Portugal
Portugal is a front-runner when it comes to the preparation of its investment strategy under the Recovery and Resilience Facility. The first draft of the National Recovery and Resilience Plan was sent to the European Commission on the 15th of October and is focused on three dimensions: RESILIENCE, CLIMATE transition and DIGITAL transition.
Portugal is set to receive €12.9 billion in grants from the Recovery and Resilience Facility. In addition, it can access loans worth €15.7 billion, on a voluntary basis. The Portuguese government's declared priority will be to maximise the use of subsidies and minimise the use of loans, due to the country's high level of public debt.
Priority areas for reforms and investment
The three dimensions of the Portuguese plan - resilience, climate transition and digital transition – are developed in nine priority areas to promote the sustainable and inclusive growth of the country.
|Employment and productive capacity
|Decarbonisation and bio-economy
|Competitiveness and territorial cohesion
|Energy efficiency and renewables
The political coordination of the National Recovery and Resilience Plan will be secured by a Steering Committee chaired by the Prime Minister and with the participation of relevant Ministries. The technical coordination of the Plan will be ensured by Recuperar Portugal, the managing authority for the Recovery Plan.
In a nutshell
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