Construir 2030 with more than 53 million Euros in approved support, announces Duarte Freitas - Communication

Secretaria Regional das Finanças, Planeamento e Administração Pública

The Regional Secretary for Finance, Planning and Public Administration, Duarte Freitas, met today with the new Board of the Chamber of Commerce and Industry of Ponta Delgada to present the amendments to the Small Business line under the Construir 2030 Incentive System.

From June 1, the amount of investment supported will increase from 50 thousand Euros to 75 thousand Euros. The conditions for sequencing will also be improved, i.e. entrepreneurs will be able to submit a new application as soon as the first one has been completed.

This mid-term overhaul of Construir 2030 was drawn up following consultations with entrepreneurs and business associations on all the Azorean islands to fine-tune the design of the lines of support and the procedures for analysing the four lines of support: Small Businesses; Young Investors; Local Economic Base; and Structural Businesses.

For Duarte Freitas, Small Business "is a successful line of support, with 392 applications received as of December 31 among 554 for the entire Construir 2030 measure."

In recent meetings with the European Commission, the Construir 2030 programme was highly praised for its ability to respond to small projects, which are the vast majority that drive our economy.

Currently, projects amounting to approximately 53 million Euros have been approved under the Construir 2030 programme.