The Regional Government of the Azores, since the adoption of the new System of Incentives for Regional Development (SIDER) has granted financial assistance to private investors in the order of 100 million Euros.
Under the various sub-systems that comprise the new SIDER system, 97 private investments were approved on the islands of Santa Maria, S. Miguel, Terceira, Graciosa, S.Jorge, Pico, Faial and Flores.
In the last meeting of the Analysis Commission, applications to the incentives attributed in the framework of one of the three SIDER subsystems, the Local Development Subsystem (SIDEL), twelve private investment projects were approved, reaching a figure higher than one million Euros.
The new investment projects will be made in the islands of S.Miguel, Terceira and Graciosa.
In the context of the SIDEL framework, 59 private investment projects were approved since July 2008, reaching a total amount of around 40 million Euros.