Edition 1425
27 May 2017
Edition: 1425

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Government unveils €220m credit line for companies

by TPN/ Lusa, in Business · 16-02-2017 13:39:00 · 0 Comments

Portugal’s Economy Ministry has announced the launch of a €220-million credit line for companies mainly linked to industry pharmaceuticals, energy efficiency and biotechnology or robotics, to be provided by the Financial Development Institution (IFD), known as Banco de Fomento (Development Bank).

“There will be €220 million available in the economy, including venture capital and private co-investment of Venture Capital Funds,” the Government said in a statement issued on Monday.
According to the statement, total demand, in the various programmes, was €196 million, or double the available funding of €98 million.
“The high demand recorded, one again confirms there is confidence to invest in Portugal,” the statement said, adding that it would “assess the possibility” of opening up another tender for venture capital co-financing. 

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Edition 1425
27 May 2017
Edition: 1425

Read this week's issue online exactly as it appears in print.

Twitter

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