REG-PEDIP - Programme of financial assistance (EEC) for Portugal for a specific industrial development programme (PEDIP), 1988-1993
From 1988-07-16 to 1993-07-15| See all projects funded under this programme / topic
Programme fundingEUR 500 million
Official Journal ReferenceL 185 of 1988-07-15
Legislative Reference2053/88/CEE of 1988-06-24
To help modernize industry in Portugal by means of a set of measures, including vocational training measures, with an aim to achieving the Community's objectives in the field of economic and social cohesion.
AbstractThe programme gives practical expression to the Declaration by the Economic European Community on the adaptation and modernization of the Portuguese economy, annexed to the Act of Accession of Spain and Portugal to the European Community.
In October 1987 the Commission, together with the representatives of the Portuguese Government, drew up the general framework for a specific programme, in which it proposed that Community support should be allocated.
At its meeting of 12 and 13 February 1988, the European Council adopted the principle that a special heading (ECU 500 million over five years) additional to the structural Funds should be entered in the budget. These resources would supplement the ECU 400 million from the European Regional Development Fund (ERDF) and the ECU 100 million from the European Social Fund (ESF) already allocated by the Commission to Portugal in October 1987 with a view to improving industrial competitiveness. The total appropriations for the programme were further supplemented by loans of the European Investment Bank (EIB) and of the New Community Instrument (NCI) to ECU 1 billion over the programme's five-year duration.
SubdivisionFour priority areas:
- Faster improvement of basic industrial infrastructure:
. Basic and technological infrastructure:
The ERDF to finance the basic industrial infrastructure so as to ease the bottlenecks blocking industrial development, taking into account Portugal's national land use priorities;
- Stronger foundations for basic and further vocational training for careers in industry:
. Vocational training:
To finance actions which are not eligible for contributions from the European Social Fund (ESF);
- Incentives to productive investment:
Support for projects in technologically advanced sectors which play a special role in the development of Portuguese industry, thus promoting certain objectives, notably: the upgrading of capital equipment, better exploitation of the country's natural resources, the development of industrial sectors with high growth potential, information technology and electronics;
. Financial engineering:
Creation of a guarantee fund for SMEs, of two venture capital companies, and of a mutual guarantee system to help SMEs obtain access to bank loans;
- Productivity drives:
. Productivity drives:
To determine a series of measures which will facilitate and increase the access of enterprises to services enabling them to improve their productivity;
. Quality and design:
To allow Portugal to obtain the necessary facilities so as to be able to apply Community rules in the field of standardization and certification in the run-up to the completion of the Internal Market;
. Publicity, implementation and monitoring:
Creation of the necessary investment for carrying out programmes (preparatory studies, back-up measures and monitoring systems), launching of an information campaign aimed at the enterprises, workers and the general public so as to give the programme the widest possible publicity at national level.
ImplementationThe Commission, assisted by a committee of an advisory nature, composed of the representatives of the Member States and chaired by the representative of the Commission, is responsible for the implementation of the programme.
Financial assistance from the Community budget shall be provided, over and above support from the Structural Funds, by means of additional resources amounting to an average of ECU 100 million per year (1988 prices) for the financial years 1988 to 1992.
The Portuguese Republic shall submit to the Commission applications for financial support for the measures. The rate of Community financing, from budgetary resources, of selected measures, must not exceed 75% of the total cost of the measure, whatever the form of the financial assistance. The Community may cover 100% of the total cost of preparatory studies, pilot measures and technical assistance measures carried out upon the Commission's initiative. Measures funded under this Regulation shall comply with the Treaties and with the acts adopted pursuant thereto and with Community policies, including those concerning competition rules, the award of public contracts and the protection of the environment.
The Commission shall be kept regularly informed of the implementation of the measures receiving Community assistance under the programme. The Portuguese Republic shall take all measures necessary to facilitate monitoring by the Commission of the programme. Monitoring may take the form of on-site inspections or verifications.
Every year the Commission shall draw up general guidelines, to be published in the Official Journal of the European Communities, for the implementation of the measures. The Commission shall send the European Parliament and the Council a report on the implementation of the Regulation before 1 June 1990 for the preceding period and a final report on the programme by the end of 1993 at the latest. These reports shall include an account of all the development measures implemented, detail the expenditure incurred and assess their effects.
Record Number: 181 / Last updated on: 2014-03-05