AÇORES 2030 | CONSTRUIR 2030 FINANCIAL SUPPORT
“Açores 2030” is the regional development program for the Azores archipelago, funded by European Union funds (FEDER and FSE+) with a total budget of €1.1 billion for the 2021-2027 programming period. Its primary goals are to foster smart economic growth, job creation, social inclusion, environmental sustainability, and digital transformation, aligned with the national Portugal 2030 strategy.
The Açores 2030 program aims to achieve specific objectives across several key areas: Smart Growth, Digitalization, Competitiveness, Social Inclusion, Environmental Sustainability, Climate Resilience, and Connectivity.
“Construir 2030” is an incentive program from the Azores regional government under the Açores 2030 Programme aimed at promoting sustainable and integrated economic development by providing financial support (up to 70% non-refundable incentives) to regional companies. Its goals include strengthening the business fabric, boosting growth and competitiveness, diversifying the economy, and improving business efficiency through four support subsystems (Young Investor, Small Businesses, Structuring Businesses, and Rural Development). No specific results are available yet, as the program is a recent incentive scheme launched to address economic challenges and support the region’s development.
The goals of the Construir 2030 program are to: Strengthen and diversify the business fabric; Enhance competitiveness and efficiency; Support economic and social cohesion; Respond to business needs.
Within the scope of these two programs one Oh! My Cod project was supported:
“Gastronomic Day Tours and Multi-day Trips to the Triangle Islands – Azores”
The investment project promotes encounters with Azorean culture, without neglecting its connection to its history and the contemporary world, through gastronomic experiences and authentic travel. It highlights local products and producers and mitigates seasonal discrepancies in tourism. It values interaction between travelers and the local community, applying a transformative tourism model and facilitating cultural and gastronomic encounters in small groups. The project also includes the creation of a local accommodation where guests can also benefit from the cultural and gastronomic experiences.
PRR - PLANO DE RECUPERAÇÃO E RESILIÊNCIA FINANCIAL SUPPORT
The Recovery and Resilience Plan (PRR – Plano de Recuperação e Resiliência) is a national initiative designed to drive structural reforms and investments that promote sustainable economic growth in the aftermath of the pandemic, reinforcing Portugal’s convergence with the rest of Europe.
As part of the national PRR reprogramming process, approved by the European Commission and the Council of the European Union in October 2023, the Autonomous Region of the Azores received increased investment opportunities. Seven new projects were added — identified by the Regional Government of the Azores as essential to addressing regional needs and supporting local businesses.
Within this framework, the modernization and digital expansion of Oh! My Cod Tours and Trips was selected for support under the PRR program. Focused on strengthening the company’s operations across the Triangle Islands, this initiative enhances its regional presence, boosts operational efficiency, and enriches the customer experience.
The action plan centers on three key areas:
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Technological development and reservation system integration
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Digital marketing, rebranding, and content production
ALENTEJO 2030 - SISTEMA DE INCENTIVOS DE BASE TERRITORIAL
Territorial-Based Investments are an incentive system under Portugal 2030 to support the modernization, innovation, and creation of micro and small enterprises, with the aim of increasing the resilience and diversification of local economies throughout mainland Portugal. This support is intended for small-scale projects, which may include the creation of new businesses or the expansion and modernization of existing businesses with at least 5 years of activity.
Within this scope Oh! My Cod Tours & Trips applied for the diversification of our offer and the creation of new activities to increase the resilience of regional economies, in this case in the Alentejo region, Arraiolos.
INTERNATIONALIZATION VIA E-COMMERCE
The Internationalization via E-commerce, aims to support individual small medium enterprises projects that, supported by detailed action plans, induce the implementation of digital internationalization strategies based on the implementation of technologies and processes associated with Industry 4.0 that configure adjustments to international business models, eliminating geographical barriers and introducing changes in the relationship between the various stakeholders in the value chain, as well as with the customer.
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