Portugal simplifies approval of Portugal 2030 investments of over €25 million

 In News, Portugal 2030, Portugal RRP

Getting approval of investments over €25 million will no longer have to be validated by the Inter-Ministerial Coordination Commission (CIC Portugal 2030).

CIC Portugal 2030 is a general policy coordination body to manage and disburse a number of European funds, comprising the ministries of the economy, Labour and Social Security, Environment, Cohesion and the Presidency of the Council of Ministers who retain authority over the funds.
In other words its executive commission is made up of the respective minsters, Mariana Vieira da Silva, António Costa e Silva, Ana Mendes Godinho, Duarte Cordeiro and Ana Abrunhosa. This policy coordination body applies both to Portugal 2030 (EU grants funding) and the RRP – both programmes that should work in tandem.
With Portugal 2020, whenever the management authorities approved an investment over €25 million it had to be approved by the CIC. But under the new community funding framework this approval is no longer required.