Businesses affected by recent storms can apply until 31 March for part of a €150 million support package from the Recovery and Resilience Plan (Plano de Recuperação e Resiliência or PRR), officials say. The measure is aimed at helping firms repair damage and restart activity; companies should prepare documentation and submit applications before the deadline. Business owners in affected areas should check the PRR portal and local chambers for application details and eligibility.
Companies can apply for €150m storm support until March 31
Tuesday, 3 March 2026AI summary
Context & Explainers
The Recovery and Resilience Plan (Plano de Recuperação e Resiliência) is Portugal's national programme under the EU's NextGenerationEU to fund reforms and investments after COVID‑19; the plan includes roughly €16.6 billion in grants plus about €2.7 billion in loans approved in 2021. Payments are tied to specific milestones and targets — which the government said it is politically committed to meet — so missed milestones can delay projects and funding that affect public works, contractors and local services.
Sources (4)
- Companies can apply for support until 31 MarchObservador · 4:30pm, 3 Mar 2026
- Companies affected by the storms can apply for support of 150 million euros until 31 MarchCorreio da Manhã · 3:52pm, 3 Mar 2026
- Companies can apply until 31 March for support of €150 millionRTP Notícias · 4:03pm, 3 Mar 2026
- Companies affected by bad weather can now apply for €150 million in support from the PRRExpresso · 3:45pm, 3 Mar 2026
