Opportunities within the Portugal 2030 Strategy - Multiannual Financial Framework
The next Multiannual Financial Framework 2021-2027 (MFF 2021-2027) of the European Union, for which negotiations started in May 2018, has a budget allocation of EUR 1.074,3 billion for the implementation of a response to the new challenges arising from the pandemic situation, in order to implement economic and social policies for recovery and promote resilience in the different Member States.
Strategically, the 2021-2027 MFF will be a mechanism for a just and inclusive transition to a green and digital future, to support the long-term strategic autonomy of the European Union and making it resilient to future shocks.
In this framework, the European Commission has defined a collective, concerted solution by mobilising a set of financial resources from the MFF 2021-2027 and setting up a new European Recovery Instrument, called Next Generation EU.
Multiannual Financial Framework 2021-2027
MFF 2021-2027
The MFF 2021-2027 is the European Union's long-term budgetary instrument, which together with Next Generation EU, will allow unprecedented funding to be made available over the coming years for recovering from the pandemic situation and the implementation of the European Union's long-term priorities in seven areas of expenditure (budget lines).
It is worth noting that EUR 33,6 billion have been allocated to Portugal for 2021 to 2027.
- European Union:
- ● EUR 1.074,3 billion for 2021-2027
- Portugal:
- ● EUR 33,6 billion for 2021-2027
Multiannual Financial Framework 2021-2027
The MFF 2021-2027 has been broken down into seven areas of expenditure, which aim to address the main future challenges that the European Union will face in the post-pandemic period:
Portugal 2030 Strategy
Strategic basis for the design of support instruments financed by European funds
The preparation of the Portugal 2030 Strategy started at the end of 2017, and a broad consultation of the Portuguese society took place, involving economic and social partners.
At the beginning of 2020, the COVID-19 pandemic crisis and its profound consequences in terms of economic and social development lead to a strategic adjustment in order to enable, in the short term, the stabilisation of the scenario action and, in the long term, to promote recovery and resilience in the European area, in general, and in Portugal, in particular.
The Portugal 2030 Strategy therefore provides guidance for the planning of public policies to promote Portugal’s economic and social development. It also guides the design of instruments to support economic and social development, especially those financed by European funds, such as the Recovery and Resilience Plan, the Partnership Agreement, the Operational Programmes (OP) included therein and the Strategic Plan for the Common Agricultural Policy, to be implemented in the 2021-2027 programming cycle.
The operational structuring of the Cohesion Policy Funds - European Regional Development Fund (ERDF), Cohesion Fund (CF) and European Social Fund (ESF) consists of three Thematic OPs, five Regional OPs, two OPs in the Autonomous Regions and one Technical Assistance OP.
The Portugal 2030 Strategy comprises four Thematic Agendas, considering the range of challenges that have to be tackled to enable a sustainable and inclusive growth for the next decade:
People first: a better demographic balance, greater inclusion, less inequality
Putting people at the center of concerns and promoting a more inclusive and less unequal society, while also responding to the challenges of demographic transition and ageing.
Digitalisation, innovation and skills as drivers of development
Addressing the skills and competitiveness bottlenecks and structural transformation of the productive fabric, responding to the new technological and societal challenges of the digital transition and industry 4.0, the new post-COVID sectoral growth dynamics, the need to contribute to the empowerment and geostrategic resilience of the European Union and ensure the empowerment and modernisation of the State.
Climate transition and resources sustainability
Promote climate transition and the sustainability and efficient use of resources, promoting the circular economy and responding to the challenge of the energy transition and of territorial resilience.
An externally competitive and internally cohesive country
Boost territorial cohesion, in order to promote a harmonious development of national territory and to help reducing disparities between the different regions, particularly in the most disadvantaged areas, allied to promoting ecological and digital transitions with a strong territorial impact and overcoming the impacts of the pandemic and the economic crisis in the most affected territories.
Objectives and Strategic Areas of the Thematic Agendas
The Portugal 2030 Strategy aims to recover the economy and protect the employment, and to make the next decade a period of recovery and convergence of Portugal with the European Union, ensuring greater social and territorial resilience and cohesion.
In this framework, and duly articulated with the different European mechanisms, the four Core Thematic Agendas of the Portugal 2030 Strategy comprise the following strategic objectives and areas:
People first: a better demographic balance,
greater inflow, less inequality
Objectives:
- ● Mitigate the population loss currently projected for 2030 by pursuing the recovery of the birth rate and strengthening migration balances
- ● Reduce the incidence of exclusion, including long-term unemployment and poverty, and indicators of inequality and job insecurity among adults, and especially young people, converging to the average levels in the European Union
Strategic Areas:
- ● Demographic sustainability
- ● Promoting inclusion and combating exclusion
- ● Health system resilience
- ● Guarantee of decent and affordable housing
- ● Fight inequality and discrimination
Digitalisation, innovation and skills as drivers
of development
Objectives:
- ● Increase total expenditure on research and development (R&D) to 3% of gross domestic product (GDP) in 2030
- ● Reduce the percentage of adults, including young people, of working age without secondary schooling
- ● Reach a level of 60% of people with 20 year old in higher education by 2030
- ● Achieve European digital competence leadership by 2030
- ● Increase adult participation in lifelong learning
- ● Strengthen the autonomy and productive sovereignty of the EU
- ● Increase exports of goods and services, aiming to reach an export volume of 50% of GDP in the second half of this decade, focusing on the performance of the technology balance
- ● Increase the financial resilience and digitalisation of small and medium-sized enterprises (SMEs)
- ● Bring venture capital investment levels closer to the European average and increase the attractiveness of foreign direct investment (FDI)
Strategic Areas:
- ● Promotion of the knowledge society
- ● Digitalisation and business innovation
- ● Qualification of human resources
- ● Qualification of institutions
Climate transition and resources sustainability
Objectives:
- ● Reduce overall greenhouse gas (GHG) emissions by 45% to 55% and by 40% in the transport sector by 2030, compared to 2005
- ● Increase the share of renewable energy in gross final energy consumption to 47%
- ● Reduce primary energy consumption by 35%
Strategic Areas:
- ● Decarbonise society and promote energy transition
- ● Make the economy circular
- ● Reduce risks and enhance environmental assets
- ● Sustainable agriculture and forestry
- ● Sustainable sea economy
An externally competitive and internally
cohesive country
Objectives:
- ● Promote the harmonious development of the national territory, ensuring that all NUTS II regions converge with the European average in per capita Gross Domestic Product
Strategic Areas:
- ● Competitiveness of urban networks
- ● Competitiveness and cohesion in low density territories
- ● Projection of the Atlantic coast
- ● Territorial insertion in the Iberian market
ReStart Center for Business
Together, we create a new future
The ReStart Center for Business has a team of more than 150 professionals, which includes Auditing, Consulting, Financial Advisory, Tax and Risk Advisory and specialists from different industries and sectors, with extensive experience and business knowledge. It is the most complete strategic and operational support center in the area of European and EU funds.
This multidisciplinary center, forming part of a European Deloitte network covering all Member States, is aimed at public and private entities. It supports organisations to identify and implement strategic investments which are relevant to their businesses as well as to maximise the co-financing opportunities offered by EU funds under European economic recovery (Portugal 2020, Recovery and Resilience Plan, and Portugal 2030), regardless of their location.
The integrated offer of the ReStart Center for Business is based on a centralised monitoring methodology, covering all phases of access to funds, including the identification and design of complex projects compatible with European Union aid, preparation and submission of applications, assistance in the negotiation phase and in the implementation and monitoring of co-financed projects.
How we can help
Deloitte offers six integrated components, which guarantee the necessary knowledge, experience and multidisciplinarity:
EU support observatory
- • Information platform on European and national support
- • Comparative diagnoses between the funds of the different Member States
Individual and sectoral positioning
- • Framework analyses and sectoral solutions by field or thematic agenda
- • Drafting of descriptive documents on projects to be supported by European funds
Identification and design of projects compatible with European Union aid
- • Mapping of opportunities and analysis of project eligibility
- • Analysis of project merit and quantification of the potential incentive
- • Diagnosis of the project's financial impacts
Preparation and submission of applications for co-financing
- • Economic and financial studies supporting the investment
- • Preparation of application forms
- • Cost-benefit analysis reports
Support in the negotiation phase
- • Assistance in the negotiation process, decision on contracts and project planning
- • Scenario mapping for decision making
Management and monitoring
- • Project management and planning, including analysis of deviations and drawing up recommendations
- • Preparation of requests for incentive payments and respective certification reports
Team
A specialised, multidisciplinary team
Sérgio Paulo Oliveira
ReStart Center for Business Leader
Partner, Tax, Global Investment and Innovation Incentives
seoliveira@deloitte.pt
+351 210 427 527
Miguel Eiras Antunes
In charge of Resilience area
Partner, Public Sector, Transportation, Automotive & Tourism Leader
meantunes@deloitte.pt
+351 210 423 825
Diogo Santos
In charge of Digital Transition area
Partner, Consulting, Business Consulting
disantos@deloitte.pt
+351 210 423 064
Filipe Melo de Sampaio
In charge of Climate Transition area
Associate Partner, Consulting, Energy, Resources & Industrial
fsampaio@deloitte.pt
+351 210 422 567
