PRR: Stalled Projects Will Be Released!
The new governance model for the Recovery and Resilience Plan (PRR) brings a major innovation. PRR: funds from stalled projects will be released! From now on, funds from stalled projects will be released and redirected to ongoing initiatives. This measure aims to speed up the implementation of European funds and ensure that Portugal makes the most of the opportunities offered by the PRR.
Redirecting Funds to Dynamic Projects
With the introduction of this mechanism, the Portuguese government wants to avoid resources being left idle in projects that are not showing progress. The funds will therefore be reallocated to projects that have already been approved and are ready to move forward. This practice was already common in other EU frameworks and will now be applied to the PRR to maximise efficiency in the management of resources.
Creation of a Mobile Brigade of Specialists
To ensure that the funds are used efficiently, the government announced the creation of a mobile brigade made up of 62 specialists. These professionals will be available to support organisations such as IHRU and IAPMEI whenever there is a need for reinforcement in analysing applications or payment requests. In this way, the government aims to speed up processes and avoid delays in the application of funds.
Shorter deadlines for applications and payments
Another important novelty is the reduction in the deadlines for analysing applications and making payments. From now on, PRR applications cannot take more than 50 days to be analysed, while payments must be made within 20 days. This measure aims to ensure that funds reach the projects that really make a difference to the country's development quickly.
Positive Impact on the Economy
With these changes, the PRR promises to have an even more significant impact on Portugal's economic recovery. The release of funds from stalled projects, coupled with the reinforcement of the team of experts and the reduction of deadlines, will contribute to a more effective use of resources. This will directly benefit the companies and organisations that depend on the funds to drive their projects forward.
At Serro&Andrade, we understand the importance of these measures for the success of your business. We are ready to help you navigate these changes and ensure that you make the most of the opportunities offered by the PRR. Don't hesitate to contact us for specialised guidance on how to benefit from this new governance model.
Take advantage of this new PRR phase to boost your projects and contribute to the country's growth. You can count on us to keep a close eye on what's new and to provide the support you need at every stage of the process.
Conclusion
The new mechanism for releasing funds from stalled RRP projects is an excellent opportunity to speed up the development of strategic projects in Portugal. With the Serro & Andrade at your side, you'll always be one step ahead, making the most of the resources available for the growth and success of your business.
At Serro&Andrade, we're here to offer all the support you need to navigate these changes to the PRR. Whether you have questions about how these new measures might affect your projects or need expert guidance to maximise the use of funds, our accounting and consulting team is ready to help. Contact us and together we'll make sure your business is well placed to make the most of the opportunities the RRP offers.
