Government creates Capitalization and Resilience Fund of 1.300 million euros to capitalize companies
On July 8, 2021, the Government approved the creation of a Capitalization and Resilience Fund of 1.300 million euros, within the scope of the Recovery and Resilience Plan (PRR), with a view to the recapitalization of viable companies affected by the Covid-19 pandemic and the capitalization of companies in the initial phase of activity or in the process of growth and consolidation.
According to Pedro Siza Vieira, “the decree-law establishes the regime to which the availability of these funds will be subject”, and corresponds “to one of the goals of the Recovery and Resilience Plan".
The Fund intends to agile and effective strengthening and recovery of the solvency of the companies that, being viable in the medium and long term, see their balance sheets and the markets in which they operate affected by the effects of the pandemic.
Through a set of measures to mobilize public investment in terms of restructuring balance sheets and recapitalization of companies, the Government intends, with this new measure of response to the crisis, “strengthen liquidity and solvency and avoid over-indebtedness of the economy national, thus preserving the productive fabric and employment, boosting investment and avoiding the destruction of the value of Portuguese economic activity”.
Meet in this cash item the seven topics you should consider in the assessment of the need for capitalization of your business.
DFK Consulting provides a team to prepare your company for accessing these funds.
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