The European Commission will transfer to Portugal over 16.6 billion euro to finance the investments foreseen in the Recovery and Resilience Plan. More than 60% of the whole envelope is already allocated to approved projects following applications by households, firms and public entities. Firms account for around half of the approved amount.

Most firms with approved projects are captured in the 2020 Simplified Business Information data. These data show that beneficiary firms are larger, more capitalized, more productive and more export-intensive than the average. More than 96% of the beneficiary firms are private sector SME, but 43% of approved funding is concentrated in large public corporations.

For further details, refer to Box 5 “A characterization of firms benefiting from the RRP”, published in the Economic Bulletin of Banco de Portugal, December.

Prepared by Maria Manuel Campos. The analyses, opinions and findings herein expressed represent the views of the author and not necessarily those of Banco de Portugal or the Eurosystem.

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