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 PRR (Plano de Recuperação e Resiliência) is Portugal's national program under the EU's NextGenerationEU recovery fund, worth approximately €22.2 billion — roughly €16.6 billion in grants plus €5.6 billion in loans. Approved in 2021, it funds reforms and investments across housing, digital transition, climate action, healthcare, and public administration.
Payments from the European Commission are tied to specific milestones and targets. Missed deadlines or incomplete reforms can delay disbursements, affecting public works, infrastructure projects, and social programs that depend on PRR funding.
The PRR is one of the largest investment programs in Portugal's recent history and touches areas from affordable housing construction to hospital modernization, school renovation, and green energy transition. Progress is monitored by the European Commission through regular reviews.
4 sources
- Companies affected by bad weather can now apply for €150 million in support from the PRRExpresso ·
- Companies affected by the storms can apply for support of 150 million euros until 31 MarchCorreio da Manhã ·
- Companies can apply until 31 March for support of €150 millionRTP Notícias ·
- Companies can apply for support until 31 MarchObservador ·
