Public guarantee credit line from Banco Português de Fomento that enables bank financing of the debt-capital component of investment projects linked to the IFIC, Portugal 2030 or PRR — giving companies access to medium and long-term credit, on favourable terms and backed by a public guarantee, to carry approved or submitted projects through to financial completion.
Programme Details
- BPF guarantee: Up to 80% of the outstanding loan capital
- Instrument: Public guarantee on bank credit — reimbursable financing through adhering banks, not a grant
- Global allocation: Up to 1.500.000.000€
- Financing rate: Up to 50% of eligible investment
- Managing entity: Banco Português de Fomento (BPF)
- Own funds: Minimum 20% of the operation
- Loan structure: Up to 8 years, including a 2-year grace period on capital
- Cost: Maximum spread of 1.98%; mutual-guarantee commission capped at 1%
- State aid regime: De minimis or General Block Exemption Regulation (RGIC / GBER)
- Duration: Open until 31 December 2026
- Application channel: Through an adhering credit institution (commercial bank)
About the Linha Fomento IFIC Mais
Linha Fomento IFIC Mais is a public-guarantee credit line created under the Instrumento Financeiro para a Inovação e Competitividade (IFIC), the business-innovation incentive system within Component 5 of the PRR.
Its purpose is to finance the debt-capital portion of eligible investment, complementing the grant support that companies may secure under IFIC, Portugal 2030 or the PRR.
The line is designed to accelerate the financial execution of investment in innovative and qualified activities, research and development, reindustrialisation, the adoption of emerging technologies and artificial intelligence, defence and security, and technology-based startups.
By pairing commercial bank lending with a public guarantee from BPF, it lets companies raise the external capital they need without tying up their own resources, while keeping borrowing costs low. The financing requires only the presentation of the Termo de Aceitação.
How it works
The Linha Fomento IFIC Mais provides medium and long-term bank credit, backed by a BPF guarantee covering up to 80% of the outstanding loan capital. The financing is up to 50% of the contracted eligible investment.
Companies are generally required to fund at least 20% of the operation from their own resources. Loans run for up to 8 years and include a 2-year grace period on capital. Borrowing costs are contained through a maximum spread of 1.98% and a mutual-guarantee commission capped at 1%.
All operations are framed under the de minimis regime or the General Block Exemption Regulation (RGIC / GBER), and BPF may require additional guarantees as part of its analysis or during the life of the operation.
What are the line finances
The Linha Fomento IFIC Mais can finance the debt-capital component of the projects in execution — covered on presentation of the respective Termo de Aceitação
Who can benefit from this incentive?
The Linha Fomento IFIC Mais is aimed at companies of all sizes — SMEs, Small Mid Caps, Mid Caps and large enterprises — that hold an investment project connected to the IFIC, Portugal 2030 or the PRR. The line is particularly relevant for businesses that:
- Are executing a project and need to finance the debt-capital component
- Want to secure investment funding on favourable terms while preserving their own liquidity
To qualify, companies must hold a regularised situation with the financial system, the tax authority, Social Security and other relevant public bodies, and must comply with anti-money-laundering and counter-terrorism-financing rules. Applications are submitted through an adhering credit institution (a commercial bank), which assesses and contracts the financing with the BPF guarantee attached.
Need More Information?
Understanding the rules and eligibility criteria of each instrument is essential to assess its relevance and potential impact within a company’s broader investment and financing strategy. For clarification or further information, reach out through our contact form.
