Following the European Commission's favourable decision on the steps taken by the Regional Government, regional companies may now apply for export subsidies. They are intended subsidise transport costs to the final destination of products outside the country.
The Vice-President of the Government stressed that this support measure "was only allocated to Mainland Portugal. In this context, he pointed out that the amendments to the Incentive Subsystem for Internationalisation, created under Competir +, now published in the Official Journal, "are an important a driving force for increasing and diversifying the regional export sector."
With this measure, included in the legislative package to promote business competitiveness and employment, the Government intends to strengthen the competitiveness of exporting companies, "stimulating wealth generation."
The Vice-President also stressed that the amendments published today also make the rules on the allocation of subsidies more flexible, reducing some constraints.
The support to market access reimburses 90 percent of eligible transport costs, up to a maximum of 400 thousand Euros per beneficiary over three years.
The Incentive Subsystem for Internationalisation also supports projects developed in the field of market prospecting, marketing, digital economy and business cooperation actions.
Incentives for internationalisation in these areas vary between 30, 40 and 50 percent of the total investment, depending on the size of the companies.
From now on, as a result of the EU Commission's authorisation, the transport support measure also covers the canning industry, live fish, pumice and tanned leather, among others. The expansion of the list of eligible products is an opportunity for the promotion of new businesses, while minimising the costs arising from the outermost location of the archipelago.