04/03/24 (Agence Europe) – On Friday 1 March, the European Commission approved a Portuguese aid scheme worth €350 million under the Temporary Crisis and Transition Framework. The aim of this measure is to support investments for the production of equipment necessary to foster the transition towards a net-zero emissions economy, as well as key components or critical raw materials necessary for the production of equipment. The measure will be fully financed through the Recovery and Resilience Facility, the main instrument of the NextGenerationEU recovery plan for Europe. The aid will be provided to eligible businesses in the form of direct grants and will be granted no later than 31 December 2025. (EV)