Taguspark – City of Knowledge has been supporting its resident companies, by means of deductions on rents, condominium fees and other services provided, in order to minimise the impact of the pandemic.
Taguspark – City of Knowledge, a science and technology park in Oeiras, has already supported its resident companies with around 750 thousand euros to help businesses that were affected by the pandemic.
The vast majority of tenants and around 20 companies set up in Portugal’s largest Science and Technology Park have benefited from a series of measures that have been in place since March 2020. The support has focused mainly on deductions on rents, condominium fees and other services provided by Taguspark.
“These measures are part of our mission to become the Most Civic Park in Europe, where we value well-being and the implementation of good practices that are essential to our community,” said the CEO of Taguspark – City of Knowledge, Eduardo Baptista Correia.
“As such, aware of the challenging context that several companies and tenants are facing, we have decided to go ahead and provide support through the allocation of deductions and suspending taxation, with customised solutions adapted to the different business areas, in order to minimise the impact of the pandemic.”
The person in charge also guaranteed that Taguspark will continue to monitor the needs of its ecosystem, evaluating support and defining solutions tailored to the companies and commercial spaces that integrate it, as was the case with the Taguspark Incubator.
“The Taguspark Incubator, the only one in the south of the country with laboratories prepared for start-ups in chemistry, bioengineering and life sciences, was particularly targeted in the support measures, as new companies and start-ups have set up there which, in the start-up and development of their businesses, need incentives and a reinforced support network,” stresses the administration of the Science and Technology Park, in a statement.
Additionally, Taguspark has made efforts to attract the public to its commercial spaces, having resumed the summer concerts in May 2021 and having opted to maintain the art exhibitions open throughout the year, all the while respecting the safety standards imposed by the current context.