EAFRD Guarantee Instrument 2014-2020, Portugal

The financial instrument is supported by the Rural Development Programme (RDP) 2014-2020 of the Portuguese Republic with a contribution of EUR 18.53 million from EAFRD and EUR 1.54 million from the national budget, plus up to EUR 15 million from the European Fund for Strategic Investment (EFSI).

The financial instrument aims to finance investments in agricultural holdings, as well as for processing, marketing and/or development of agricultural products. The benefit of the guarantee is transferred to the enterprises in the form of reduced interest rates, lower collateral requirements, longer maturities and/or longer grace periods.

Shortly after the launch of the instrument, flexibility measures were introduced in relation to the COVID-19 pandemic enabling it to support immediate liquidity needs of agricultural SMEs.