Financial instrument for medium and long-term financing of investment projects by tourism companies that result in the creation, requalification or repositioning of enterprises, establishments and activities related to this area of ​​activity.

The Offer Qualification Support Line has been extended until December 31, 2025.

Beneficiaries:

• Tourism companies of any size, nature and under any legal form that comply with the framework conditions.

Project types:

• Requalification and repositioning of enterprises, establishments and activities
  related to the defined economic activities (including expansion);
• Creation of enterprises, establishments and activities relating to the activities
  defined economic, as long as they are implemented in low-density territories,
  suited to current or potential tourist demand, meet supply gaps and add
  valor à oferta existente na região;
• Entrepreneurship (enterprises, equipment or tourist entertainment activities and services associated with the tourism sector, with a particular focus on technology-based services).

Project access conditions:

• Prior approval of the architectural project in cases where licensing is required and, when the prior communication procedure is legally provided for, demonstration of its
  presentation to the city council;
• Financing sources are assured, including a minimum of 20% on the
  eligible investment;
• Contribute to the economic and financial improvement of their respective companies;
• Not exceed 2 years of execution, except in duly justified and accepted situations;
• Provide for the development and implementation of environmental management measures and measures that promote accessibility.

General terms and conditions of operations:

• Maximum value per project
  • The amount of financing cannot exceed 80% of the eligible investment. Turismo de Portugal's participation is limited to 1.5 million euros.
• Financing structure
  • PME – 40% Portugal Turism; 60% Credit Institutions
  • Non-PME – 30% Turismo de Portugal; 70% Credit Institution
• Operation deadlines:
  • PME – maximum 15 years, including a maximum grace period of 4 years
  • Non-PME – maximum 10 years, including a maximum grace period of 3 years
• Interest rate:
  • Portugal Tourism Parcel – does not bear interest
  • Credit Institutions Portion – resulting from the risk analysis carried out by the Credit Institution
• Performance Bonus – Part of the financing component allocated by Turismo de Portugal may be converted into non-refundable support, if the following targets are achieved (as set out in the business plan submitted to the Bank, to be assessed in the third full year of operation):
  •  Value of Turnover (VN) and Gross Value Added (GVA);
  • GVA/NV ratio equal to or greater than that recorded in the pre-project year, if applicable, and with minimum values ​​per CAE;
  • Jobs to be created, and in the case of existing companies, the total number of jobs must be at least equal to that of the pre-project year.

• Abanca
• Banco Português de Gestão
• BPI
• Bankinter
• Caixa Geral de Depósitos
• Crédito Agrícola
• EuroBic
• Millennium bcp
• Montepio
• Novo Banco
• Novo Banco dos Açores
• Santander

For further information, you can contact us or see here:

Turismo de Portugal