Browse by year:


State Aid

ESA prolongs its financial crisis temporary framework

21.12.2010

PR(10)72

The EFTA Surveillance Authority has adopted a new Temporary Framework which will replace the current one and which will expire on 31 December 2011.  


The crisis-related state aid measures are maintained but the conditions are stricter. Firms in difficulty are now excluded from the scope of the Temporary Framework. The possibility to grant aid up to EUR 500,000 is not available anymore.

In addition, ESA has also decided to prolong its Short-term export-credit Guidelines until 31 December 2012.

Finally, ESA has also agreed to modify the Risk Capital Guidelines having concluded that one of the measures introduced during the crisis should be made permanent. This concerns the increase from EUR 1.5 to EUR 2.5 of the maximum equity or other finance that an EFTA State can invest in a start up company. The adapted Guidelines will expire at the end of 2013.

 

For further information, please contact:

Ms. Marianne Clayton
Senior officer
Competition and State Aid Directorate
tel. (+32)(0)2 286 18 23




Other EEA Institutions


imgbanner3
This website is built with Eplica CMS