+ CO3SO - EMPLOYMENT AND ENTREPRENEURSHIP SUPPORT SYSTEM

The government recently presented the program +CO3SO Employment with the aim to create around 1600 new jobs, which has a € 90 million allocation from the Regional Operational Programs Norte 2020, Centro 2020, Lisboa 2020, Alentejo 2020 and CRESC Algarve 2020.

It is an instrument for financing and supporting employment and entrepreneurship, which supports the creation of jobs. In the intervention territory of ADRITEM - Association of Integrated Regional Development of the Lands of Santa Maria, it is implemented with funds from NORTE 2020, through the European Social Fund, for projects that create up to 2 jobs.

This support will be granted over 36 months in the form of a non-reimbursable grant (outright grant), fully contributing (100%) to the direct costs of the jobs created (salaries and Social Security contributions payable by the employer), as well as an additional 40% on those same costs.

Financing is available for micro, small and medium-sized enterprises (SMEs) and for Social Economy Entities such as Private Social Solidarity Institutions, Associations and Foundations, Cooperatives, Mutualist Associations, Misericórdias, among others.

The tender is open until 16/11/2020, and applications are processed through two phases. Please note that the suspension or cancellation of the receipt of applications may occur at any time, if the exhaustion of the planned allocation happen.

For more information on + CO3SO Employment, see the information note available here.