Factsheet for case PT-2020-11/428 – measures in Portugal
|Country||Portugal , applies nationwide|
|Time period||Temporary, 12 March 2020 – 31 May 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Heloisa Perista and Maria da Paz Campos Lima (CESIS) and Eurofound|
|Case created||09 April 2020 (updated 05 May 2020)|
The Credit Line Capitalizar 2018 – Covid-19 aims to support the Portuguese businesses affected by the economic effects of the pandemic Covid-19. This credit line was launched by the Portuguese Government and is managed by PME Investimentos. It provides for funding, with better price and term conditions, of the businesses needs in terms of operating fund and treasury, for instance the payment of wages or the acquisition of products and raw materials.
The Credit Line Capitalizar 2018 – COVID-19 provides for funding, with better price and term conditions, of the businesses needs in terms of operating fund and treasury.
The total amount of the credit line is €400 million (initially this amount was €200 million). The maximum support per business is €3 million.
The end date for the measure was set to 31 May 2020. However, on 6 April 2020 PME Investimentos informed that further applications to this credit line were no longer possible, since the total amount of support was already exhausted. The credit line is thus closed since 7 April 2020.
The employers organisations have been claiming that the total amount of this credit line is (was) too low.
|Does not apply to workers||
One person or microenterprises
|Does not apply to citizens|
Company / Companies
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
The employers organisations have been claiming that the total amount of this credit line is too low.
Eurofound (2020), Credit Line Capitalizar 2018 – COVID-19, case PT-2020-11/428 (measures in Portugal), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.