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Business Support Measures Package

New support measures for companies

The Council of Ministers approved a 1.4 billion euro package of support for companies and the social economy to combat rising energy prices and mitigate the effects of inflation arising from the current geopolitical context. The law regulating the new business support measures was published, within the framework of the difficulties of the current international context, which include, among others:

  1. 235 M€ - increasing support for gas-intensive industries from €400,000 to €500,000, with an increase in the support rate from 30% to 40%. This support now includes the manufacturing industry and the agri-food sector with a specific budget of 15 M€. The support increases now announced will be retroactive and applicable to all companies that have joined the Apoiar Gás program.
  2. Broadening the accessibility base of companies:

    • new support of 2 million euros for all companies that, in this context, register expressive costs relative to the acquisition of gas.
    • new support modality of 5 million euros of specific support to maintain industrial activity, for companies with excessive costs, operational losses and at risk of stopping activity
  3. Credit line of 600 M€, mutual guarantee, with a term of 8 years and a 12-month grace period, for companies affected by the prices of energy and raw materials and by the disruption of supply chains. This line, managed by Banco de Fomento, will be accessible to all sectors of activity.
  4. Measure to support the acceleration of the energy transition and decarbonisation, as a bet on the competitiveness of companies in the future. This measure has a budget of 290 M€, 250 M€ of which will be made available by IAPMEI to the Industry sector and 40 M€ will be allocated to the agro-food sector.
  5. 100 M€ measure to support active employment and qualified training for workers, operationalized as on-the-job training in order to maintain production and the contribution of companies to the volume of exports.
  6. In the scope of the Productive Innovation Incentive System, the registration of aid applications for tenders to be launched for productive innovation projects.

LINKS

Presentation of the Measure Package 

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