What is it?
Recovery and Resilience Plan
The PRR is a proposal prepared by the Portuguese government to recover the economy after the economic crisis caused by the COVID-19 pandemic scenario. It is financed by European funds to increase the economy's competitiveness, sustainability and resilience. It includes measures for investment in infrastructure, support for businesses, professional training and structural reforms.
Available PRR Programs
Resilience - C5. Capitalization and Business Innovation
Climate Transition - C11. Industry Decarbonization
Climate Transition - C12. Sustainable Bioeconomy
Climate Transition - C13. Energy Efficiency in Buildings
Climate Transition - C14. Hydrogen and Renewables
Digital Transition - C16. Companies 4.0
PRR video
Recovering Portugal by building the Future
The Portuguese PRR is a program of national application, with an implementation period until 2026, which will implement a set of reforms and investments that will allow to resume sustained economic growth, reinforcing the objective of convergence with Europe.
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FAQS
FAQs about PRR
Here you can find answers to some of the most common questions about how the PRR works and how you can benefit your company or business and make the most of this tax benefit.
What is the PRR – Recovery and Resilience Plan?
The PRR, or Recovery and Resilience Plan, is a community support program for Portugal and other EU member states that promotes digital and environmental transformation.
The PRR is the national instrument of the Recovery and Resilience Facility approved by the European Commission. It aims to accelerate economic and social recovery and promote a resilient and fair transformation, putting Portugal on the path to the dual green and digital transition.
The PRR encompasses a strategic vision, structural reforms, and investments to be implemented by 2026. It is organized into 3 strategic dimensions (Resilience, Climate Transition, and Digital Transition), which include 20 components, 83 investments, and promote 7 reforms.
How can the PRR promote investment in Research and Development (R&D) in Portugal?
The PRR aims to increase investment in R&D in Portugal by strengthening the focus on R&D and the innovation system, as well as promoting cluster strategies and collaborative innovation dynamics.
The PRR aims to increase the weight of the manufacturing industry in the national economic structure by strengthening the focus on R&D and the innovation system to address existing constraints that hinder the large-scale production of technologically advanced goods and services.
To achieve this, the PRR will promote cluster strategies and collaborative innovation dynamics, invest in the strengthening and capacity-building of the R&D system in Portugal, which is crucial for applied research development and supporting business innovation.
The PRR also aims to align Portugal with Europe by 2030, increasing the competitiveness of the national economy based on R&D and innovation, as well as improving the conditions for skilled employment in Portugal.
What is the total amount of funding for the PRR program?
The PRR funding amount is 16.644 billion euros.
The total PRR funding amounts to 16.644 billion euros. This is divided into 13.944 billion euros in grants (84%) and 2.700 billion euros in loans through the Development Bank (16%).
What is a PRR consortium?
A PRR consortium is a written partnership agreement between the promoters of a project under the PRR framework.
PRR consortia refer to written partnership agreements between different promoters, outlining the obligations, responsibilities, and rules of engagement for all parties involved.
How can I apply for PRR fundings for my project?
You can apply for PRR funding for your project with the help of REWARD Consulting.
Through REWARD Consulting's services, you can request a meeting to conduct a pre-diagnostic assessment of the project's or company's alignment. and we will get in touch as soon as possible.
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Get your free diagnosis and find out how your company or project can apply for the PRR.
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