Portugal to invest 852 million euros in key areas by year's end
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The Portuguese government plans to allocate nearly 852 million euros through 85 funding opportunities between September and December.
The Ministry of Economy and Territorial Cohesion announced the new annual plan for the Portugal 2030 program, which will distribute funds via both invitation and competitive bidding. These investments will support projects in areas like affordable housing, decarbonization, productive and international innovation, and public administration digitalization.
The government expects this round of funding to bring the total funds available for competition to 19.3 billion euros, representing 93% of the program’s total budget. The Compete 2030 program will receive the largest share of funds at 311 million euros, followed by Sustentável 2030 with 198 million euros and Alentejo 2030 with 147 million euros. Minister of Economy and Territorial Cohesion, Castro Almeida, stated this plan demonstrates continued progress in implementing Portugal 2030 and directing funds toward priority areas.
The Portugal 2030 plan extends to August 2027 and includes a total of 172 funding competitions worth approximately 2 billion euros, encompassing national, regional programs, and the Asylum, Migration, and Integration Fund (FAMI). By the end of this period, the government intends to have allocated 20.2 billion euros to competition, which is 97% of the total available funds.
