The Portuguese Development Bank (Banco Português de Fomento or BPF) and the Mutual Guarantee Society (Sociedade de Garantia Mútua or SGM) have launched a new 1.5 billion euro financing line called 'Impulsar Portugal'. The initiative supports corporate treasury and investment with funding of up to 25 million euros per company. Applications are available through participating commercial banks and are divided into four pillars, including new business creation and technical guarantees.
Development bank launches 1.5 billion euro financing line
Wednesday, 5 August 2026AI summary
Context & Explainers
The Development Bank in Portugal refers to the state-backed development institution, Banco Português de Fomento (Portuguese Development Bank), which provides financing tools, guarantees and co-investment for strategic public-interest projects. In the housing context it can issue guarantees and support loans for construction or refurbishment of affordable homes and for housing cooperatives, so budgeted sums from the bank directly affect affordable housing schemes.
