Factsheet for measure
PT-2022-43/3398
– measures in Portugal
Support for tourism businesses affected by forest fires
Linha de apoio à tesouraria das empresas turísticas afetadas pelos incêndios em 2022
de 2022
Background information
The forest fires that took place in July and August 2022 devastated a significant part of Serra da Estrela Natural Park, with an area of around 22,000 ha burnt.
Council of Ministers Resolution 73-B/2022 of 29 August declared a situation of calamity in the Serra da Estrela Natural Park for a period of one year, with the aim of restoring normality to this protected area which, anchored in its remarkable environmental, scenic and economic value, is a highly attractive tourist destination.
In turn, Council of Ministers Resolution 83/2022 of 27 September recognised the urgency of implementing
extraordinary action and support measures aimed at providing emergency social and economic support to
populations, companies and municipalities.
It is in this context, Ordinance 13/2022 made available to tourism sector businesses operating in the affected territories an instrument to finance their increased cash flow and working capital needs, pressured by the temporary reduction in tourist demand.
Content of measure
Ordinance 13/2022 created a cash flow support line for tourism businesses affected by the forest fires, which is intended to meet the cash-flow needs of micro, small and medium tourism businesses operating in the municipalities affected .
The cash flow needs include those which, as a result of the aforementioned fires, entail the temporary need to increase working capital, including the amortisation of current accounts or the settlement of short-term financing (up to one year).
The budget available to finance operations under this line of support is €3 million, to be covered exclusively by Turismo de Portugal, I. P.'s own revenue.
The financial support to be granted under this support line is in the nature of a
nature of a reimbursable incentive, without any associated interest.
The financial support per company may not exceed 50% of turnover in 2019 or 2021, whichever is more favourable, with an absolute maximum of €150,000.
The financial support created through this line of support is granted for a period of seven years from the date on which the contract is signed, including a grace period of 18 months.
The financing will be reimbursed in equal installments and on a quarterly basis.
Use of measure
No information is available on the use of measure.
Target groups
Actors and funding
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Actors
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Funding
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National government
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National funds
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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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No involvement
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No involvement
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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:
-
No involvement
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Main level of involvement: N/A
Involvement
Social partners are not involved.
Views and reactions
Social partners did not express views on the measure.
Sectors and occupations
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This case is sector-specific (only private sector)
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Economic area
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Sector (NACE level 2)
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I - Accommodation And Food Service Activities
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I55 Accommodation
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I56 Food and beverage service activities
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N - Administrative And Support Service Activities
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N77 Rental and leasing activities
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N79 Travel agency, tour operator and other reservation service and related activities
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R - Arts, Entertainment And Recreation
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R91 Libraries, archives, museums and other cultural activities
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R93 Sports activities and amusement and recreation activities
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This case is not occupation-specific.
Sources
