Support Line for the Qualification of Supply
The beneficiaries of this line are all tourism enterprises ofany size, nature and in any legal form that fulfil the respective framework and access conditions, that intend to develop the projects listed in the following point and that are included in the following economic activities:
- 551 - Hotel establishments
- 55201 - Furnished accommodation for tourists
55202 - Rural tourism
55204 - Other places of short-stay accommodation
55300 - Camping and caravan sites
561-Restaurants
563 - Drinking establishments
771 - Hire of motor vehicles
79 - Travel agencies, tour operators, other reservation services
82300 - Organisation of fairs, congresses and other similar events
93192 - Other sporting activities n.e.c. (1)
93210 - Amusement and theme park activities (1)
93292 - Activities of marinas (1)
93293 - Organization of animation activities (1)
93294 - Other amusement and recreation activities n.e.c. (1)
Notes: (1) Eligible activities, provided they are carried out by tourist entertainment enterprises.
- Scope of Projects
The following investment projects are eligible for this line of support:
- Requalification of existing tourist developments and local accommodation establishments, in the form of lodging establishments and villas, including their expansion, with a view to positioning them in higher value-added segments;
Creation of tourist developments and local accommodation establishments, in the form of lodging establishments and villas, provided that, in any of the cases to be implemented in the low density territories and that they are adequate to the current or potential tourist demand and fill supply gaps and appear differentiating in relation to the existing offer in the region;
- Creation and requalification of enterprises, equipment or entertainment activities, provided they are of interest to tourism;
- Creation and requalification of catering and drinking establishments, provided they are of interest to tourism;
- Requalification of establishments with the distinction "Shops with History", obtained according to the criteria of the municipality where they are located;
- Development of entrepreneurship projects in the tourism sector.
Entrepreneurship projects are those that fulfil the following characteristics:
Have a maximum eligible investment of €500,000;
Are promoted by small or medium-sized enterprises that have been in business for no more than 2 years;
Have as their object enterprises, equipment or entertainment and catering activities of interest to tourism (CAE Groups 561, 563, 931 and 932), as well as services associated with the tourism sector, with particular focus on technology-based services.
In addition to these projects, other projects considered to be of relevant interest to tourism may exceptionally be included.
- Conditions of Access for Enterprises
Companies must fulfil the following conditions:
Comply with the legal conditions necessary for the exercise of the respective activity, namely being duly licensed for the purpose, as well as duly regularised in terms of registration in the National Tourism Register;
Possess a balanced economic and financial situation;
Have their situation regularised before the Tax Administration, Social Security and Turismo de Portugal;
Have organized accounting in accordance with the applicable legislation;
Not be in difficulty or subject to a recovery order;
Declare that they have no salary arrears;
Have a staff suitable for the development of their activity.
- Project Access Conditions
Projects must fulfil the following conditions:
They are authorised by the competent authorities, when legally required, or, in cases where architectural projects are required, they are duly approved;
Where projects relate to existing developments, these must be duly licensed;
The respective sources of financing for the project are duly secured, including adequate financing of the eligible investment by at least 25% equity;
Not exceed 2 years of implementation, except in duly justified situations;
Present investment components associated with solutions in the areas of environmental sustainability (efficient energy, water and waste management), as well as accessibility for people with special needs;
Contribute to the economic and financial improvement of their companies;
Investments can only start after the submission of the financing application, which is considered to be the date of the first invoice associated with the investment project or, whichever comes first, the date of the firm order commitment in the case of advance payments.
- Eligible and Non-Eligible Expenditure
For these projects, investment expenditure, tangible and intangible, which is an integral part of the project and contributes to achieving its objectives, plus up to 10% for working capital, is considered.
Expenditure on the following is not eligible for funding:
Acquisition of buildings and land;
Acquisition of motor vehicles and other rolling stock, except when it corresponds to the tourist entertainment activity itself;
Participation in fairs;
Trespass and rights to use space;
Work for the company itself;
Studies, projects and technical assistance that together exceed 7% of the eligible investment;
Interim interest;
VAT, provided it is recoverable.
The eligibility of expenditure on intangible assets depends on the fulfilment of the following conditions:
The assets concerned are exclusively used in the establishment receiving the funding;
Be amortisable;
Be purchased on market terms from third parties unrelated to the purchaser;
Be included in the assets of the beneficiary enterprise and remain associated with the funded project for at least five years or three years in the case of SMEs.
- Amount of Support
Funding - Maximum 75% of eligible investment;
Equity - Minimum of 25% of eligible investment.
- Adhering Credit Institutions
- Other Conditions
Reimbursement: Monthly, quarterly, half-yearly or annual instalments of principal and interest (constant instalments of principal and interest or constant instalments of principal plus interest);
Early amortisation: Shall not be subject to any penalty and shall be levied proportionally on the instalments financed by the Credit Institution and the TP;
Financing made available to Large Enterprises is provided under the de minimis scheme.
Brochure:
Consult the brochure with all the detailed information about the Support Line for the Qualification of Supply:
