Factsheet for measure
PT-2022-12/2436
–
Updated
– measures in Portugal
Production Support Line: Credit for enterprises affected by inflation
Linha de Apoio à Produção
Background information
The Production Support Line aims to support companies in the manufacturing, transport and storage sectors, to face the additional working capital needs, resulting from the increase of the costs of the raw materials and energy, and the disruption in supply chains.
All companies, from the selected sectors that specifically operate in the production of essential foodstuffs, whose supply chain is particularly impacted by the conflict in Ukraine, are exempt from the need to fulfil the requirements. This line is available since 17 March 2022 at participating banking institutions.
Content of measure
With a view to maintaining and preserving the productive capacity of the companies most impacted by the conflict in Ukraine, the new credit line with public guarantee is made available by Banco Português de Fomento, with a global allocation of €400 million, and coverage of 70% of credit, within a period of up to eight years, with 12 months of lack of capital.
All enterprises located in Portugal, from the manufacturing, transport and storage sectors and that fulfil specific criteria resulting from the financial impacts as a result of the increase in the cost of the energy and/or in raw material can apply to this line, namely:
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burden equal or higher than 20% in energy costs in total production costs; or
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an increase in the cost of goods sold and materials consumed equal to or higher than 20%; or
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decline in the operational invoice equal to or higher than 15%, when resulting from a reduction in orders due to scarcity or difficulty in obtaining raw materials, components or intermediate goods.
The maximum amount of financing per company is €50,000 for Micro companies, €750,000 for Small Companies, and €2.5 million in the case of Medium Companies, Small Mid Caps, Mid Caps and Large Companies.
Updates
The following updates to this measure have been made after it came into effect.
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12 April 2023
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According to the Banco Português de Foment the term of the Production Support Line ended in 30 June 2022.
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Use of measure
No information to date.
Target groups
Actors and funding
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Actors
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Funding
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National government
Company / Companies
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Other
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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Unknown
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Unknown
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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Unknown
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Main level of involvement: N/A
Involvement
Unknown.
Views and reactions
Unknown.
Sectors and occupations
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This case is sector-specific
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Economic area
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Sector (NACE level 2)
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C - Manufacturing
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C10 Manufacture of food products
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C11 Manufacture of beverages
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C12 Manufacture of tobacco products
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C13 Manufacture of textiles
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C14 Manufacture of wearing apparel
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C15 Manufacture of leather and related products
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C16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
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C17 Manufacture of paper and paper products
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C18 Printing and reproduction of recorded media
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C19 Manufacture of coke and refined petroleum products
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C20 Manufacture of chemicals and chemical products
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C21 Manufacture of basic pharmaceutical products and pharmaceutical preparations
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C22 Manufacture of rubber and plastic products
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C23 Manufacture of other non-metallic mineral products
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C24 Manufacture of basic metals
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C25 Manufacture of fabricated metal products, except machinery and equipment
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C26 Manufacture of computer, electronic and optical products
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C27 Manufacture of electrical equipment
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C28 Manufacture of machinery and equipment n.e.c.
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C29 Manufacture of motor vehicles, trailers and semi-trailers
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This case is not occupation-specific.
Sources
