STATE AID: COMMISSION APPROVES €250 MILLION PORTUGUESE MEASURE UNDER THE RECOVERY AND RESILIENCE FACILITY TO FURTHER CAPITALISE BANCO PORTUGUÊS DE FOMENTO
Published on: 11-04-2022
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The European Commission approved, under EU State aid rules, a €250 million Portuguese aid measure,
made available through the Recovery and Resilience Facility ('RRF'), to further capitalise the country's
promotional institution Banco Português de Fomento ('BPF').
The measure aims to develop the Portuguese economy by facilitating access to finance, particularly for
small and medium enterprises (‘SMEs') affected by the coronavirus pandemic, and thus boosting
competitiveness and job creation in the long-term. The scheme also contributes to the EU's strategic
objectives relating to the green and digital transitions, as well as to economic cohesion, productivity and
competitiveness.
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