Portimão Distributes One Million Euros To Companies Affected By Covid-19

The Municipal Business Support Fund of Portimão has one million euros to support companies with fiscal domicile or head office in the municipality, whose establishments suffered abrupt losses as a result of Covid-19. Applications are being taken between 13 and 21 January.

The Fund, which is part of the municipal program “Portimão Gives a Hand to the Local Economy”, is aimed at “individual entrepreneurs, with or without organized accounting, commercial companies and professionals with a tax address or head office in the municipality of Portimão and / or who are active primarily in the Potimão area, through the operation of an establishment”, explains the Câmara de Portimão. 

The activities eligible for this exceptional Fund, which aims to mitigate the harmful effects of the present epidemiological crisis in economic terms, are “catering and beverages, trade in retail goods, provision of services, industry, agriculture and fishing”.

“It is an essential condition that, in 2019, the turnover of candidates did not exceed 150,000 euros in the case of entrepreneurs, and 60,000 euros in the case of private professionals, and that they present losses above 40 percent in 2020 due to the current pandemic, thus being entitled to a single support in the amount of 2000 euros “, says the municipality in a statement.

The beneficiaries of this support are obliged to keep their activities open until June 30, 2021, as well as all existing jobs at the date of submission of the application, at least until June 30 next year.

The application program and the eligibility conditions are already available on the Portimão Municipality portal, which allows interested parties to start preparing their applications now.

This fund constitutes the main point of the municipal program “Portimão Gives a Hand to the Local Economy”, which also includes the campaign “Valuing Local Commerce”, with several initiatives to stimulate the economy at a time of marked difficulties, in addition to the delivery service home-made food #PTMàMESA ”, completely free for restaurants / pastry shops and customers, and assumed by the Municipality of Portimão as a measure to support the catering sector.

Any questions or issues regarding the Business Support Fund should be sent to the Office of Investor Mayor of Portimão, by e-mail at: [email protected]

Original article available in Portuguese at http://postal.pt/