Algarve rural fund opens €477,500 call for business investment

The GAL TBG local action group has opened applications, until 21 September 2026, for grants supporting diversification, trade and services in the eastern Algarve. The call, worth €477,503.79, falls under the Common Agricultural Policy's Strategic Plan and covers Alcoutim, Castro Marim, Vila Real de Santo António and parts of Tavira. Small and medium-sized enterprises can apply for reimbursement or unit-cost support at a 60% rate for investments between €10,000 and €300,000. Selection favours young entrepreneurs, small businesses, disadvantaged areas, renewable energy use and job creation. Applicants can seek guidance from AJAP, the young farmers' association.