What are the requirements for micro and small enterprises to qualify for grants in Alentejo?
For micro and small enterprises looking to qualify for grants in Alentejo, there are specific requirements that must be met to secure funding. Primarily, the business size is defined according to the European Union’s standards, so micro enterprises typically consist of fewer than ten employees and small businesses have under 50 employees. This classification plays a crucial role in determining eligibility for available grants.
Additionally, projects must align with the funding focus areas, which include transformative industries and tourism-related sectors. Businesses must demonstrate how their projects will positively impact the local economy, whether through job creation or enhancing service offerings. The funding can cover investments ranging from €15,000 to €300,000, making it imperative for businesses to clearly outline their project scope and budget.
Entities seeking grants are also required to provide evidence of their financial health and the envisaged benefits of their proposed project. This could include presenting business plans, financial forecasts, and previous operational records. Furthermore, projects must be aimed at areas within the Alentejo region, although the company's headquarters may be based in another part of Portugal.
Understanding the application process is vital, and businesses should ensure they are well-informed about submission deadlines and documentation requirements. Engaging with local business consultants or attending regional seminars can also provide insights into the common pitfalls and best practices for applying. These resources can help delineate a clear path to achieving funding by meeting all stipulated criteria.
If you're ready to take your business to the next level and secure funding, don't hesitate to reach out for support and expert advice tailored to your needs. Start preparing for your application today, and take advantage of the grants available in Alentejo!
Applications are open for the measure S.I Territorial Base, for the Alentejo Region.
Central Region
Supported Sectors:
Transformative Industries: CAE 10 to 33
Accommodation and Restoration: CAE 55 and 56
Minimum Investment = €15,000
Maximum Investment = €300,000
Nature and Support Rate: Grants
50% for investments located in low-density territories;
40% for investments located in other territories.
60% for investments located in the Alto Alentejo region
Eligible Entities: Micro and Small Enterprises
For project purposes, the eligible area will be the project implementation area, and the company headquarters may be in another region of the country.
Eligible Investments:
Construction of buildings, renovation works and other constructions;
Purchase of machinery and equipment;
Computer equipment, including software;
Standard software or software developed specifically for a particular purpose, websites, online stores,...;
Studies, diagnostics, audits, marketing plans, architectural and engineering services;
Costs of specialized consulting services, provided by external consultants, that do not constitute a continuous or periodic activity, nor are related to the normal operation of the beneficiaries' activity;
Costs associated with the certification of products, processes or services, costs of designing and registering new trademarks;
