Investment plans by Azorean companies exceed €1 billion - Communication

Secretaria Regional das Finanças, Planeamento e Administração Pública

The Azores’ economy is showing clear signs of vitality, resilience and confidence. The strong uptake of various incentive schemes by regional companies demonstrates that the Azorean business community is active, investing, innovating and believing in the Region’s future.

Figures speak for themselves. Under the Construir 2030 programme, applications were submitted representing €748.3 million in investment. Under the IFIC programme, the volume of investment applied for exceeds €252 million. In addition to this is the digital transition component, amounting to €33 million, bringing the total intended investment by Azorean companies to over €1 billion.

These results confirm that the regional economy is growing and that Azorean entrepreneurs have been able to reinvent themselves, adapt and make the most of the tools made available to them.

This is also a clear sign that the Regional Government of the Azores has successfully designed and implemented effective incentive schemes. With a strategy and measures tailored to the Region’s specific circumstances, companies are responding, investment is growing, and the Azores are firmly following a path of growth and confidence.