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Access to finance

Portugal


				Portugal

Summary

According to the Small Business Act (SBA) Fact Sheets the economic crisis plunged Portugal into a deep and prolonged recession between 2008 and 2012, with both large and small companies experiencing decline across the board. Construction and real estate were among the hardest hit sectors. The forecast for the future leaves room for cautious optimism. By the end of 2013, the reforms implemented by Portugal are expected to halt the negative trends of recent years and start resulting in positive effects on growth and employment. Modest growth is predicted for 2014, but a full recovery to pre-crisis levels is not yet within sight. Although they faced significant economic difficulties in recent years, SMEs in Portugal also benefited from a number of positive policy changes, such as better framework conditions and support programmes for entrepreneurship, financial support for entrepreneurs, and improvements to insolvency proceedings for firms in distress. Equally, the transposition of EU law into domestic law and its application is comparatively faster in Portugal than elsewhere in the EU. Notwithstanding these positive policy developments, Portugal’s SBA performance will be further enhanced only if there are significant improvements in SME access to credit, state aid and public procurement, areas which still trail European average by considerable margins.

Key indicators on access to finance
SMAF
SMAF gif - 19 KB [19 KB]

Portugal ranked 26th out of 27 countries in the 2012 SMAF Index.

For details on SMAF index and methodology please click here.

Download data excel12book - 593 KB [593 KB]

Loans
Loans gif - 38 KB [38 KB]

Source: Chart compiled using ECB data

Note: Loan volumes and interest rate data for 2013 are to the period September 2013 only (due to data availability as at November 2013).

Download data excel12book - 69 KB [69 KB]

Guarantees
Guarantees gif - 32 KB [32 KB]

Source: Chart compiled using AECM data

Download data excel12book - 48 KB [48 KB]

Venture capital
Venture capital gif - 35 KB [35 KB]

Source: Chart compiled using EVCA data

Download data excel12book - 69 KB [69 KB]

Business angels finance
Business angels gif - 22 KB [22 KB]

Source: Chart compiled using EBAN data (*comparable data for 2011 were not accessible)

Download data excel12book - 29 KB [29 KB]

 

Appendix: ACTIONS SUPPORTING ACCESS TO FINANCE FOR SMEs pdf - 305 KB [305 KB]

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