The Government updated today the specific conditions of financing for the Recovery and Resilience Plan (PRR) for investments related to the accommodation of higher education students, according to the decree published in Diário da República (DR).
The decree “establishes the specific conditions for financing by the PRR of operations aimed at housing higher education students, introducing changes to Ordinance No. 311-A/2021, of 20 December”.
The diploma published today “establishes specific guidelines regarding the financing conditions for the entities listed in article (…) of the PRR support intended for investments related to the accommodation of higher education students, within the scope of the Mechanism of Recovery and Resilience (MRR), received from the European Union as a loan to the State”.
Entities promoting investments for housing higher education students likely to receive support for grant title, and thus constitute themselves as final beneficiaries of the PRR, are public higher education institutions or local, regional and national public entities, namely municipalities.
And also other public entities or public capital dedicated to the real estate or hospitality sector, public or private legal entities of public utility or administrative public utility and social or cultural scope or consortia between entities referred to in the preceding paragraphs.
According to the ordinance, the operations related to investments for housing higher education students who may receive support from the PRR are the construction of new buildings or adaptation (alteration, expansion or reconstruction) of existing buildings or fractions, which are now used as housing for higher education, not being so before.
And also the acquisition of existing buildings or fractions for adaptation (alteration, expansion or refurbishment construction) that are now used as accommodation for higher education, not being so previously, applying to the acquisition all the conditions applicable to the construction and adaptation, under the terms foreseen in this ordinance or the renovation (alteration, expansion or reconstruction) of existing buildings or fractions, already used as accommodation for higher education.
In the ordinance, signed by the Minister of State and Finance, João Leão, the Minister of Planning, Nelson de Souza and the Minister of Science, Technology and Higher Education, Manuel Heitor, mentions that the consecration of specific financing conditions stems from the public service mission that underlies and justifies public investment in higher education accommodation.
The Government highlights the possibility that it provides to improve the opportunities and conditions for attending higher education by students in need, thus assuming an expressive social dimension and the inherent ambition of objectives enshrined in the PRR of doubling the offer of accommodation for higher education students in the time horizon 2026.
The document also highlights that “Portugal presents a particular situation in the European context regarding the availability of accommodation for students of higher education, characterized by the combination of a significant scarcity of supply in relation to needs, particularly in price and comfort conditions compatible with the economic and financial capacities of many of the students and with the demands of their dedication to academic performance, verifying at the same time a growth in the presence of national and foreign private operators who practice demanding rental conditions, located in the medium and high ranges”.
“This situation seriously compromises the effective equality of opportunities in access to higher education and undermines significantly increase access to the knowledge and innovation society, as well as productivity and the overall competitiveness of the Portuguese economy. This market failure justifies and justifies the intervention and mobilization of State resources for investment by public institutions and to stimulate the investment of agents and private actors in the availability of residences for higher education students”, he also emphasizes.
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