MEASURE FACT SHEET

Creating and launching the Risk Capital Syndication Fund, which is addressed to the development of combined risk capital operations through investments in participations in the capital of enterprises, through financing organisations specialised in this area, and though the provision of guarantees and options contracts.

Goals

• To strengthen SMEs competitiveness and capitalisation.

Beneficiaries

Risk Capital Syndication Fund (RCSF).

Recipients

Micro, small and medium enterprises.

Activity Sectors

Industry, Building Industry, Energy, Tourism, Transport, Commerce and Services.

Eligibility Requirements

For the Project

• To comply with the requirements set out in the legislative act establishing the Fund and the Measure's goals; the funding proposals shall conform with the applicable regulations.

Eligible Expenses

• Initial allocation necessary for the establishment of the Fund and any further reinforcement.

Incentive

Non-refundable incentive. 

• The allocations for the Risk Capital Syndication Fund shall be disbursed in tranches during the Programme lifetime. The final tranche shall be of 20% at least, and each tranche will be paid after the previous accumulated balance has reached a commitment level of 80%;
• In what concerns its final application, Programme resources shall always be pooled with resources from private sector entities.

Risk Capital Syndication Fund Participations

The syndication rate in equity participation is graded according to the following conditions:

• Up to 70%, for micro and small enterprises projects, with a maximum intervention ceiling yet to be defined;
• Up to 50%, for medium enterprises projects, with a maximum intervention ceiling yet to be defined.

Entities in Charge

Coordinating Bodies

ITP - Portuguese Tourism Board.

Geographical Area

Mainland Portugal and the Autonomous Regions.

Updated in April 2007.