Government's Commitment to Streamline European Funds is Essential for Investment
The Government's commitment to streamline European funds brings new hope for Portuguese companies. During his visit to the national delegation at Micam in Milan, Secretary of State for the Economy, João Rui Ferreira, reiterated the importance of speeding up processes related to these financial supports. With deadlines of 60 days for application reviews and 30 days for payments, the Government promises to improve efficiency and provide companies with faster support.
Clear and Objective Deadlines
The Government has set clear deadlines to give businesses more predictability. For many companies, a quick response can be the difference between moving forward with new projects or missing growth opportunities. By the end of the year, the goal is for applications for European funds to be reviewed within 60 days. After approval, payments will be made within 30 days, ensuring a more stable and continuous financial flow.
Responding to the Sector's Needs
This commitment is not accidental. Companies have been consistently asking for faster project evaluations. The lack of agility in bureaucratic processes has made it difficult to access funds, limiting the development of new initiatives. Paulo Martins, CEO of Celita, highlighted the negative impact of delays, especially when decisions arrive late and there is no longer sufficient budget available.
A Favorable Environment for Investment
The Government's commitment to streamline European funds reflects the intention to create a more favorable investment environment. In addition to quicker responses, João Rui Ferreira assured that the Executive has been working on correcting previous issues, such as failures in the submission and payment request platforms. With these improvements, companies will be in a better position to compete and grow.
Benefits for Portuguese Companies
In this new scenario, Portuguese companies, especially those in sectors like footwear, can expect fewer barriers to investment. Agility in the processes will allow businesses to better plan their strategies, create more jobs, and increase their competitiveness in the global market.
Expert Support for Success
At Serro & Andradewe understand the importance of accessing European funds efficiently and promptly. We are here to help your company prepare applications, ensure deadlines are met, and optimize your investment strategy. With our extensive experience in accounting and consulting, we provide all the support necessary for entrepreneurs and investors to fully leverage funding opportunities and grow their businesses. Count on us!
