The Industrial Development Fund for Portugal was initiated at the beginning of 1977 to provide assistance, mostly in the form of loans, to small and medium-sized enterprises for their fixed investments in Portugal.
A high proportion of the investments assisted by the Fund involved the modernisation and re-equipment of factories rather than the construction of new factories.
The Interim Steering Committee was set up by Council decision No. 12 of 1976 as part of the interim arrangement to apply until the entry into force of the statute of the EFTA Industrial Development Fund for Portugal.

Annual reports, monthly accounts, records of meetings.