The reprogramming of the Recovery and Resilience Plan (PRR) received approval from Brussels on Friday.
“The IAPMEI is initiating a reprogramming process of the Mobilizing Agendas, increasing the ambition and adjusting these projects to new circumstances and possibilities within the reprogramming framework of the PRR,” the agency stated in a communiqué.
As part of the PRR reprogramming, an extension was requested to fulfill the final milestone by June 30, 2026, ensuring the efficient implementation of investments.
In light of the extended deadline, it is crucial to reschedule the projects, making adjustments to the contractual conditions to meet the “final milestone by the deadline of project implementation and verify its completion, ensuring the disbursement of PRR funds to Portugal.”
In this regard, a webinar with the consortia of the 52 Mobilizing Agendas will be held this Tuesday. The session will discuss necessary project planning adjustments, clarify key changes and expected impacts, and review targets and potential financial adjustments.
The Mobilizing Agendas aim to boost innovation and foster collaboration among companies, higher education institutions, and research centers.
The IAPMEI emphasized that the PRR’s CO5 component — Capitalization and Business Innovation — represents an investment of 7.7 billion euros, allocated across the 52 agendas.
Currently, these projects involve 1.757 billion euros and have 2.874 billion euros of public support.
“This component represents 13% of the total PRR funding and 63% of the PRR components under IAPMEI’s responsibility, highlighting the importance of PRR execution in the business sector,” it noted.
The PRR, which has an execution period until 2026, aims to implement a series of reforms and investments with a focus on economic growth recovery.
In addition to addressing the damages caused by COVID-19, this plan aims to support investments and create jobs.
