Financial Incentive System for large investment projects
Resolution of the Council of Ministers No. 34/2023
1. Goals
This Incentive Scheme aims, between 2021 and 2027, to support the projects of large companies that were left out of PT2030, with the objective of giving continuity to job creation and supporting the economic activity of large companies, namely in terms of innovation, digitalization and sustainability.
2. Funding
Projects of large companies will be eligible for a maximum annual funding of 150 million euros until the end of 2027, provided they fall under the Contractual Investment Regime (CIR) and comply with the European framework for state aid.
3. Investment project typologies
The following are considered Major Investment Projects, in accordance with the provisions of Decree Law No. 191/2014, of December 31:
- Projects whose investment value exceeds 25 million Euros, regardless of the activity sector, the size or nationality and the legal nature of the promoter;
- Projects that, while not reaching an investment value of 25 million Euros, are the initiative of a company with more than 75 million Euros of annual consolidated turnover within the economic group to which it belongs, or an annual budget greater than 40 million Euros for a non-business entity.