Portuguese government's new "Accelerate the Economy" programme

The Portuguese government recently launched the "Accelerating the Economy"The programme is a set of 60 fiscal and economic measures aimed at stimulating the country's economic growth. This innovative programme is an excellent opportunity for small and medium-sized enterprises (SMEs), start-ups and large corporations looking to increase their competitiveness and promote innovation.

Strengthening SMEs

One of the main objectives of the "Accelerate the Economy" programme is to strengthen SMEs. These companies are the backbone of the Portuguese economy, accounting for a large proportion of employment and national GDP. The programme offers tax incentives, easier access to financing and support for internationalisation. In this way, SMEs will be better placed to grow, innovate and compete in global markets.

Financing and Capitalisation

Access to finance is crucial for business development. The programme introduces measures to facilitate access to credit, including the creation of new financial instruments and the strengthening of existing ones. It also encourages the capitalisation of companies, promoting the entry of investors and the adoption of more robust financial management practices. This will enable companies to invest in innovation, expand their operations and increase their productivity.

Fostering Entrepreneurship and Innovation

Innovation is one of the fundamental pillars of the programme. By creating incentives for start-ups and technology-based companies, the government aims to create a favourable ecosystem for entrepreneurship. The programme includes measures such as simplifying bureaucratic processes, access to investment funds and support for research and development. This will make it easier for entrepreneurs to turn their ideas into viable and innovative businesses.

Sustainability and Competitiveness

Another important focus of the "Accelerating the Economy" programme is sustainability. Incentives to adopt sustainable business practices, such as reducing carbon emissions and using resources efficiently, are an essential part of the measures. In addition, the programme promotes the competitiveness of Portuguese companies by encouraging technological modernisation and the continuous improvement of production processes.

Clustering and Business Cooperation

The creation of business clusters is one of the programme's strategies for increasing the competitiveness of companies. These clusters encourage cooperation between companies, universities and research centres, promoting the exchange of knowledge and collaborative innovation. In this way, companies can develop new technologies, improve their products and services and conquer new markets.

Conclusion

The "Accelerate the Economy" programme represents a unique opportunity for Portuguese companies. With comprehensive measures focused on innovation, financing, sustainability and competitiveness, the programme promises to transform the business environment in Portugal. At Serro & Andrade, we are prepared to help our clients make the most of these opportunities, offering specialised advice and ongoing support for business success.

For more information on how we can help your company benefit from this new programme, please get in touch with us. Together, we can accelerate your company's growth and contribute to Portugal's economic development.