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The Government wants 40% of the PT2030 investment to be allocated to low-density territories

“The first decisions have to do with the positive differentiation of low-density territories in terms of access to incentives for investment in productive innovation,” says Montenegro.

The President of the Government announced this Tuesday that 40% of the community funds for the PT2030 investment must be allocated to low-density territories, which will also have an increase of twenty percentage points in the non-refundable part.

The announcement was made by Luís Montenegro, during a break in the meeting of the Territorial Coordination Council, in Faro.

Although the meeting is still continuing, the head of Government shared some of the decisions already agreed upon in the CCT, the political body that promotes consultation and coordination between the Government and the different regional and subregional political entities, at the regional and subregional level. regional levels and location.

“The first two decisions have to do with the positive differentiation of low density territories regarding access to incentives for investment in productive innovation“said the prime minister.

On the one hand, the first major incentive that the Government sets for the current community support framework (PT2030) “is that the 40% of the investment volume must be allocated to low-density territoriesstating that the average is currently at 30%.

“This will naturally be a driving force for all agents in these territories to have a greater capacity to attract investment plans and thus boost local economies,” he stated.

In addition, the Government decided to increase “by 20 percentage points the non-reimbursable support for these investments in low-density territories.”

The explanation was later detailed by the Vice Minister of Territorial Cohesion, Manuel Castro Almeida.

“We are talking about the Portugal 2030 funds, they are the traditional cohesion funds in the business part, in which 40% of the available allocation will necessarily be for low density,” he said.

On the other hand, “if a businessman has to choose where to make his investment of ten million euros, he knows that if he does so in a low-density territory he could receive five million euros from the State in exchange.”

“If it is done in a territory that is not low density, the maximum that can be aspired to is three million euros. There is a 20 percentage point difference between investing in low density or outside of it.“he added.

The meeting, chaired by the Prime Minister, takes place in Faro and is attended by the Vice Ministers of Territorial Cohesion, Education, Science and Innovation, Health, Infrastructure and Housing, Economy, Environment and Energy, Culture, as well as the Secretaries of State of Treasury and Treasury, Local Administration and Territorial Planning and Forests.

The Secretary of State for Tourism and Culture of the Regional Government of Madeira, the president and vice-president of the National Association of Portuguese Municipalities, Luísa Salgueiro and Ribau Esteves, the president of the National Association of Parishes, Jorge Veloso, the president of were also present the Metropolitan Council of the Lisbon Metropolitan Area, Basílio Horta, or the president of the Metropolitan Council of the Porto Metropolitan Area, Eduardo Vítor Rodrigues, as well as representatives of several inter-municipal councils and several CCDR (Regional Development Coordination Commission).

Source: Observadora

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