Community funds represent almost 80% of public investment.

The largest share goes to the competitiveness and innovation of small and medium-sized companies.

Portugal has reaped the rewards of more than 100 billion euros of cohesion policy funds invested in the country since its accession to the European Union, mentioned by the press officer of the European Commission for the areas of Employment, Growth, Investment to the Lusa agency and Regional Policy.

According to Sophie Dupin de Saint-Cyr, Brussels considers that the priorities are innovation, “to help Portuguese companies to develop new products and enter new markets”, employment and social inclusion, “to increase skills and skills qualifications of the workforce, and a clean and resource efficient economy”.

Portugal has “several competitive advantages, such as support for sustainable growth in the maritime sector, digital technologies or tourism”. “More than ever, we are committed to helping Portugal’s transition to a modern and knowledge-based economy. The funds are still available for infrastructure in crucial transport and energy networks, but cohesion policy investments are now centered on strategic priorities that the Commission and Portugal agreed at the beginning of the 2014-2020 period ”, he noted.

The available programs are the direct consequence of this, with the largest share of investment, according to the data available on the European Commission’s website, to be aimed at the competitiveness of small and medium-sized companies, “vocational and educational” training, and innovation and research.

How the community funds that arrive in Portugal are distributed – TOP 3:

1- competitiveness and internationalization
2- rural development program
3- human capital

In the document, the European Commission noted that community funds contributed to increasing the capacity of daycare centers to accommodate an additional 32,000 children, and to improving the health services of more than 2.7 million people, with 76,000 university students benefiting from scholarships and 17,000 adults to participate in professional training courses. “40,000 young people and 11,000 adults have been integrated into the labor market, and more than 3,000 people with disabilities have received support to work,” he adds, further indicating that more than 43,000 young people have been supported either through internships or subsidies.

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