The EC Adopted a Partnership Agreement with Portugal

On Wednesday, 30th of July the European Commission (EC) adopted a Partnership Agreement (PA) with Portugal on the use of European Structural and Investment Funds (ESIFs). The Partnership Agreement with Portugal is tenth in a row of 28 Partnership Agreements that will be adopted by the end of the year. These Partnership Agreements will determine the funding priorities of the Cohesion Policy in Member States of the European Union.

In Portugal €21.465 billion will finance Cohesion Policy in the 2014-2020 programming period. The exact division of funds that will finance agreed priorities depends on the type of region and thematic objectives that will be the focus of the Operational Programmes (OPs). It is established that ESF will amount to €7.6 billion, which will contribute towards removing negative effects of the economic crisis, and support job creation. ESIF will besides Cohesion Policy also invest € 4.06 billion in rural development and almost € 392 million in order to support the development of the fisheries and maritime sector. 

Throughout the programming period 2014-2020, Portugal will have 12 Operational Programmes related to Cohesion Policy. They will mainly finance entrepreneurship and innovation, boost R&D, increase economic competitiveness, tackle unemployment, reduce poverty, modernize public administration, and support the shift to low carbon and resource rich economy. These Operational Programmes will challange all 11 Thematic Objectives (TOs) with OP Acores addressing all TOs, and OP Human Capital addressing only one thematic objective - TO 10.

Distribution of thematic objectives within OPs in Portugal

The biggest Operational Programme in Portugal will be OP Competitiveness and Internationalization, which will be co-funded with 4.414 billion EUR through both Structural Funds, as well as through Cohesion Fund. This will represent 21% of the available funds for Portugal. Eight OPs in Portugal will be multi-fund, while the remaining four OPs present single-fund OPs - two co-funded by ESF, one co-funded by ERDF, and one co-funded by CF.

Image 1 - Fund Distribution within Operational Programmes