Construir 2030 - Base Económica Local (Açores 2030)

Description

The grant aims to support small and medium-sized businesses in the Azores by modernizing and restructuring their operations to increase productivity and meet local market needs. This initiative focuses on investments primarily aimed at the internal market and driving rural development.

Type of Project

• Projects aimed at internal markets
• Projects focused on modernization and restructuring
• Projects contributing to rural development

Eligibility Criteria

• Open to micro, small, and medium-sized enterprises
• Projects with investments over 50,000€
• Operational in the Azores region

Eligible Expenses

• Services for performing studies or reports
• Costs associated with video presentation of the investment for projects with eligible expenses over 500,000€
• Total eligible expenses capped at 150,000€

Examples of Eligible Projects to be developed

• A small factory upgrading its equipment to increase production efficiency
• A local retail business expanding its store to include e-commerce capabilities
• A tourism business developing new rural accommodation units to attract more visitors

Financial Information

• Total budget for the grant: 40,000,000€
• Co-financing percentage: Up to 65%
• Minimum funding per company: Investments over 50,000€