Expansion of IFIC Financial Support for Industry and Defense to €1.5 Billion (eco.sapo.pt)

• Credit line expanded to €1.5 billion.
• Eligibility extended to include pending IFIC project applications.
• Focus on industrial development and defense manufacturing sectors.

"The Portuguese development bank has increased its credit facility for industry and defense projects to €1.5 billion. Designed to complement the Financial Instrument for Innovation and Competitiveness (IFIC), the expansion allows companies to access capital for all projects submitted under IFIC calls, even prior to final approval. This move aims to bridge funding gaps for critical industrial and defense manufacturing, ensuring faster project realization and enhancing domestic production resilience."