+ Sustainable Tourism Support Line
Recipients
- Micro, Small or Medium-sized Enterprises (SMEs), with SME Certification;
- Small Mid Cap and Mid Cap, as defined in Decree-Law No. 81/2017, of 30 June;
- Large companies.
Types of operation
Operations aimed at financing investments for the implementation of equipment, systems or solutions in the field of sustainability, falling within the following categories:
Water Management
Energy Management
Sustainable Mobility
Waste Management
Circular Economy
Biodiversity
Operations must include, at minimum, investment in either the “Water Management” category or in the “Energy Management” category. Applications in which the investment corresponds solely to interventions within the scope of the other categories will not be eligible.
TYPE OF OPERATIONS:
Operations aimed at financing investments for the implementation of equipment, systems or solutions in the field of sustainability, falling within the following categories:
– Water Management
– Energy Management
– Sustainable Mobility
– Waste Management
– Circular Economy
– Biodiversity
Operations must include, at minimum, investment in either the “Water Management” category or in the “Energy Management” category. Applications in which the investment corresponds solely to interventions within the scope of the other categories will not be eligible.
Main access conditions
Companies
- Be a company that already conducts its main economic activity in the tourism sector;
- Declare that the investments to be made will enable the targets defined for the applicable performance indicators to be achieved at the end of the first full financial year after the date of completion of the investment;
- Comply with the legal conditions necessary to carry out the respective activity;
- Have organised accounting and a balanced economic and financial situation;
- Be in good standing in relation to the Tax Administration, Turismo de Portugal, the Financial System and Social Security;
- Be a participating company in the 360° Tourism Companies Programme.
Funding
Maximum amount per company
750,000 euros.
Repayment period
Up to 15 years, including a four-year interest-only period.
Interest rate
Interest will be borne entirely by the beneficiary. By agreement between the Credit Institution and the beneficiary, the interest rate to be applied may be fixed or variable.
Performance bonus
Conversion of part of the loan into non-repayable support:
- 30% for investments associated with Water Management, in the NUT II Algarve region;
- 20% for all other investments.
Bonus qualification requirements
- The beneficiary company must submit the sustainability report in the Organisational and Reporting Tool for Sustainability in Tourism within the scope of the 360° Tourism Companies Programme;
- To be assigned based on compliance with the performance indicators:
a) Turnover
b) Water Management
c) Energy Management
The indicators set out in the categories of “Water Management” and “Energy Management” are only applicable to each of these categories, while the “Turnover” indicator applies to all categories.
Mutual guarantee
Provision of a mutual guarantee of up to 80% of the capital owed at any given time.
Applications
Submitted to one of the following Credit Institutions:
- Abanca
- Bankinter
- BPI
- Banco Invest
- Banco Português de Gestão
- Caixa Central de Crédito Agrícola Mútuo
- Caixa Económica Montepio Geral
- Caixa Geral de Depósitos
- EuroBic
- Novo Banco
- Millennium BCP
- Banco Santander Totta
- Novo Banco dos Açores
The consultation of this information does not waiver the reading of the disclosure document.
MAIN ACCESS CONDITIONS:
Companies
– Be a company that already conducts its main economic activity in the tourism sector;
– Declare that the investments to be made will enable the targets defined for the applicable performance indicators to be achieved at the end of the first full financial year after the date of completion of the investment;
– Comply with the legal conditions necessary to carry out the respective activity;
– Have organised accounting and a balanced economic and financial situation;
– Be in good standing in relation to the Tax Administration, Turismo de Portugal, the Financial System and Social Security;
– Be a participating company in the 360° Tourism Companies Programme.
