NSRF new money reaches companies in May – Economic

NSRF new money reaches companies in May – Economic

Monica Silvares

00:05

The first contests of the new framework pluck November. Managers will have 60 days to review applications and 45 days to pay.

The money the new Community Support Framework, Portugal 2020, will only reach the companies in May next year. Despite the Executive’s intention to open the first contests since November and insist that the first financial record movements even in December, companies, especially small and medium, can only count with an injection of EU funds in May next year.

Why? Because the various stages of an application process that is preventing otherwise. Companies must always follow a logic of competition. Thus, even though the application process begins in November, further consideration is required each. Only after approval is initiating the investment, which will produce invoices that must be delivered for verification and subsequent reimbursement. This whole process shoots in May the first payments to companies, said Secretary of State for Regional Development, Manuel Castro Almeida told reporters after the meeting of the Council of Ministers in which the general rules of implementation of EU funds were approved.

These new rules determine, for example, that the managing authorities may not take more than 60 days to review an application, not more than 45 to pay a bill. Deadlines which, if violated by 20%, can determine the dismissal of the manager of that program.

Another novelty is that these rules introduce a differentiation in the allocation of funding. On the one hand, a differentiation of the territorial point of view, it is expected that the low density territories have positive discrimination, but also the results. The degree of fulfillment of a project will be a weighting factor in assigning support the next project.

The fact that all the information be condensed into a portal, prosecutors are not required to provide data to the Public Administration already have the necessary information and have to be applied all at once, some of the changes introduced are aimed at making the process simpler – but also more transparent, said the Regional Development Minister, Miguel Poiares Maduro

<. p> Poiares Maduro announced that the goal of the Government is to achieve an execution rate of 5% in 2020 from Portugal in 2015, a rate that compares with 2% of the NSRF in 2008. “This is probably the most expeditious schedule that ever happened,” said revealing that negotiations are complete operational programs, which should be completed “in the coming weeks.” October will also be named the managing authorities and published specific regulations that will allow the true operation of the operational programs and subsequently the opening of the first competitions which will be held from November.

Poiares Maduro rejects any criticism of delay in the process and reiterates that it will be possible to have the first “financial movements in December.” But we must ensure that there is budgetary allocation of the EU budget itself, recalled. On the other hand, you can only move forward with projects that the state itself does not depend on the realization of a contest

As for the Community framework still running -. NSRF , which ended in 2013, but has two more years to run – Poiares Maduro warrant that you have the best execution rate of all Member States (82%) and Portugal will have to return not a single euro from 3,600 million that are still to run. Castro Almeida explained that there is a charge of ‘overbooking’ 6% (1,200 million euros) – approved applications beyond the overall value of the NSRF (21 billion) to ensure that if there is a waiver or less running for already approved projects – and are “open to new contests” for sure “if the gap is not big enough” are projected to use the money

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