The Council of Albufeira created a fund of one million euros to support companies in the municipality that are experiencing difficulties during this period of pandemic.
Applications for the Albufeira Business and Associative Support Fund can be made until the 15th of July by «solo entrepreneurs or companies with tax residence or registered office in the municipality of Albufeira, who have not benefited from other non-refundable state financial support , in the context of the Covid-19 pandemic'.
The measure aims to "support the treasury of companies with tax domicile or head office in the municipality of Albufeira, whose establishments were forced to close, by law, or not being closed, suffered abrupt drops in their productivity", according to the City Council of Albufeira .
The municipality of Albufeirense intends, in this way, to «mitigate the losses of companies, supporting them in the resumption of activity and in the maintenance of the jobs allocated to them, as a means of safeguarding the economic and social sector of the municipality».
Eligible activities are catering and similar, trade in retail goods, provision of services and industry and agriculture.
Applications must be sent by the 15th of July to the email [email protected], «by completing the form and submitting the required documentation in the respective form». The same email address., belonging to the Albufeira Entrepreneurship Office, can be used for requests for clarification or obtaining additional information.
«To be eligible to apply, entrepreneurs must not have had a turnover in 2019 of more than 150 thousand euros and must demonstrate that they have had the activity open for at least 8 consecutive months in 2019», explains the City Council of Albufeira .
"The beneficiaries of the support are obliged to keep their respective activity open and to maintain the existing jobs at the date of submission of the application until December 31, 2020, with the exception of those who carry out seasonal activities, which must maintain the activity in 2020 during the same months that they were open in 2019, at least until the 31st of October 2020”, added the municipality.
According to José Carlos Rolo, mayor of Albufeira, «in this context, we understand that the Municipality should complement this effort, ensuring support for employment and the local economy through the opening of this fund, which aims to support the treasury of companies, whose establishments were forced to close or had notable drops in their productivity. We are going to try to alleviate these losses, supporting the companies in our municipality with this Fund of one million euros».
The municipal councilor calls for the participation of companies, as “Albufeira cannot stop, as this will be very harmful to this municipality, not only in its image, but also in the lives of all those who live here and work».
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