The Alentejo 2030 program recently launched the first call for the Fair Transition Fund, aimed at micro, small and medium enterprises (SMEs) with organized accounting, for investments in establishments located in the Alentejo Coast.

The call named “Productive Business Investment for a fair transition”, aims to support business investments in innovative and qualified activities, focusing on the strengthening and expansion of new industries and new technologically advanced services, directed to the climate and energy transition.

Projects can obtain up to 50% non-refundable funding.

The creation of a new establishment, the increase in capacity of an existing establishment, and the diversification of an establishment’s production into products not previously produced will be the goals for the projects.

Eligible productive investments are considered as falling under the Agri-Food, Tourism and Renewable Energy sectors (excluding investment projects for production, storage, transport, distribution and infrastructure).

The investment projects must have a minimum total eligible expenditure of 250,000 euros and less than 25 million euros.

The application period, divided into four phases, began on May 4 and will run until December 15, 2023.

The operations will be co-financed by the FTJ – Fair Transition Fund, a new financial instrument under the cohesion policy, which provides support to territories facing serious socio-economic challenges arising from the transition process to a climate-neutral economy, and therefore the sub-region Alentejo Litoral is eligible ( Alcácer do Sal, Grândola, Odemira, Santiago do Cacém e Sines).

At Neomarca, both EU and Public Funding are at the center of our operations. We work to help companies and organizations unlock public funding opportunities.

We offer a service based on our experience in researching, monitoring, and selecting public grants and tenders. By understanding our client’s needs, we propose solutions to effectively engage with the dynamic of European funding.