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Fomento IFIC Mais Fund.

The next step is to invest in your business and secure the necessary funding for your projects under the IFIC, Portugal 2030 or PRR schemes.

The fund that boosts your business’ investment.

Banco Português de Fomento (BPF) has set up this credit facility to support Portuguese companies in the financial implementation of their investment projects, which fall under the Financial Instrument for Innovation and Competitiveness (IFIC), the Portugal 2030 strategy or the Recovery and Resilience Plan (PPR).

With an overall ceiling of 1,500 million euros and a public guarantee covering up to 80 per cent of the outstanding principal, the facility enables companies to raise the necessary external capital to carry out projects in the fields of innovation, reindustrialisation, digital transition and defence – regardless of whether the project has already been approved or is still under assessment.
República Portuguesa | Banco Português de Fomento
República Portuguesa | Banco Português de Fomento
€1,500 million
Total available credit limit
80%
BPF public guarantee on outstanding capital
10 years
Maximum operational maturity
24 months
Maximum grace period
Eligibility

Who can apply?

IFIC Projects
Companies with projects that have applied for funding under the Financial Instrument for Innovation and Competitiveness, whether these have been approved or are still under assessment.
Portugal 2030 / PRR
Companies with projects approved under the Portugal 2030 programme or other PRR calls for proposals, upon presentation of the relevant Letter of Acceptance.
Sectors covered
SMEs, small mid-caps, mid-caps and large companies that are in good standing with the financial system, the tax authorities and social security.
Funding available

How much can you finance?

IFIC
AI in SMEs
Até 25% of the approved eligible investment (projects for which an approval decision has been issued) or as stated in the application (projects not yet approved).
IFIC
Other Notices
Até 50% of the approved or declared eligible investment, with a minimum of 20 per cent of equity capital.
Portugal 2030 / PRR
Non-IFIC
Up to 50% of the eligible investment committed (Letter of Acceptance), with a minimum of 20% of equity capital.

Fund Conditions.

Funding available
Up to €1,500,000,000 (“first come, first serve”)
Purpose

Supporting Businesses:

- with projects submitted under the grant schemes of the Financial Instrument for Innovation and Competitiveness (IFIC)

 

- with projects currently being implemented under PT2030 or other PRR calls for proposals (non-IFIC), subject to the submission of the relevant Acceptance Agreement.

Term and Contractual Arrangements
Until 31 December 2026
Target Segment
SMEs, Small Mid-Caps, Mid-Caps and Large Companies
Mutual Guarantee

80% of the outstanding principal

 

Cap rate on guarantee call – default coverage ratio maximum of 20% of the total amount of disbursements at any given time

Collateral
Any such claims, ranking on an equal footing.
Modalidade
Mútuo de Médio e Longo Prazo.
Maximum Amount Per Beneficiary

- IFIC – AI in SMEs: Up to 25% of the approved eligible investment amount (projects with an approval decision) or the amount declared in the application (projects not yet approved)

 

- IFIC – Other Calls for Proposals: Up to 50% of the approved eligible investment (approved projects) or declared eligible investment (projects under assessment or not yet approved), with a minimum of 20% own funds

 

- PT 2030-PRR (Non-IFIC): Up to 50% of the contracted eligible investment (Acceptance Agreement), with a minimum of 20% own funds

 

Note: In any case, the total of all sources of funding may not exceed the eligible investment.

Grace Period
Up to 24 months from the date of taking up employment
Period of Use

During the grace period, which ends on 31 December 2028

 

It is not possible to assign a credit value date to the customer’s account that is earlier than the date on which the funds are actually made available

Capital Amortisation
Regular amortisation, occurring at monthly, quarterly or half-yearly intervals
Interest
To be borne by the beneficiary, payable in arrears and in line with the frequency of the capital repayments
Interest Rate

Index: EUR3M, EUR6M (zero floor)

 

Maximum spread: calculated according to the BM’s credit rating, the type

of company and the maturity of the transaction (Micro: min 0.83% / max 1.61% | SME GE: min 0.82% / max 1.44%)*

Charges and Costs
In accordance with the current pricing
Mutual Guarantee Commission

In accordance with the BPF’s risk rating, the type and maturity of the transaction, to be charged by the FCGM to the Bank every six months, calculated monthly on the maximum value of the guarantee issued.

 

The Beneficiaries will not be charged any amount for the issue of the guarantee, with the exception of the relevant guarantee fee

State aid
De minimis scheme and RGIC
Obligations of Banco Montepio
Any failure by Banco Montepio to fulfil its obligations regarding eligibility criteria and its duties of identification and due diligence shall render the guarantee provided by the FCGM invalid

Ready for the next step?

For further information about the Fomento IFIC Mais Fund, please contact us or visit us at one of our branches.
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* Financing example:

APR: 5.8530%

 

APR calculated on the basis of a nominal annual interest rate (TAN) of 3.6470% – 6-month Euribor (simple arithmetic mean of the daily rates for August 2026, corresponding to 2.6470%, plus a spread of 1.00%) for a loan of 500,000 euros (drawn down in full on the date the agreement is signed), term of 120 months, with no grace period for principal repayment, with equal principal repayments plus interest, payable quarterly in arrears. This includes a 50 per cent reduction in the structuring and arrangement fee and the management fee.

 

This information does not constitute a contractual offer; all proposals are subject to review and decision by Banco Montepio. Annual Percentage Rate (APR), calculated in accordance with Article 4 of Decree-Law No. 220/94 of 23 August.

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