EU Commission prolongs and expands Temporary State Aid Framework

EU Commission prolongs and expands Temporary State Aid Framework

The European Commission announced that it has prolonged the State Aid Temporary Framework until 31 December 2021

Furthermore, the ceilings for limited amounts of aid have been increased, which had previously been set at a maximum amount of €800.000 for companies in the sport sector. The new ceiling is set at a maximium amount of €1.800.000.

Additionally, for companies especially hit by the coronavirus crisis, with turnover losses of at least 30% during the eligible period compared to the same period of 2019, the State can contribute to the part of the fixed costs of companies that are not covered by their revenues, in an amount up to €10 million per company (previously €3 million).

Some examples of recently approved State Aid measures from different countries be found below:

Commission approves €202 million Croatian scheme to support companies in the tourism and sports sectors in the context of coronavirus outbreak

Commission approves €300 million Austrian scheme to support organisers of events affected by coronavirus outbreak

Commission approves €1.9 billion Polish scheme to support companies affected by coronavirus outbreak

Commission approves €12 billion German umbrella scheme to compensate companies for damages suffered due to coronavirus outbreak

Commission approves €120 million French scheme to partially compensate sports clubs and organisers of sporting events for damage suffered as a result of the coronavirus pandemic

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