Algarve tourism companies start receiving financial aid

Tourism companies in the Algarve have started receiving financial support from the government to help them deal with the effects of the pandemic.

As of April 13, a total of 72 tourism companies had received €640,000 in funding via the government’s recently launched credit lines.

According to regional tourism authorities, 154 bids for support out of 430 have already been approved.

Algarve tourism boss João Fernandes has welcomed the news, describing it as a “positive sign for tourism companies in this period of adversity”.

Meanwhile, the Algarve Tourism Board (RTA) and the Algarve Tourism Association (ATA) continue to offer support to business owners through a campaign entitled ‘Yesterday, like today, we are here to help’, which aims to clarify the government’s support measures and how companies can access them.

Business owners can contact the tourism board directly via telephone or email or instead download a digital guide (click here), available in Portuguese and English. The guide includes information on the credit lines available, the flexibility of tax obligations and the new lay-off regime.

So far, around 900 people have sought advice from the tourism authorities.

“Our team will continue to do everything it can to respond to the needs of business owners and workers of a vital sector for our economy and which represents a large chunk of the national GDP,” Fernandes added.

michael.bruxo@algarveresident.com