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

Recent Posts

The results of the Sport Pilot Projects and Preparatory Actions selection

On 19 April, the EACEA announced the awarding of the  Pilot Projects and Preparatory Actions in the field of Sport. Out of the 142 applications submitted project proposals across the two available calls, 11 projects were financed: 4 projects under the Sport for People and Planet - a new approach on sustainability through sport in Europe 2023 […]

Read More
Football clubs subject to new Anti-Money Laundering Regulation

On 24 April, the European Parliament adopted a package of laws to strengthen the EU's ability to combat money laundering and terrorism financing. The regulation puts professional football clubs in scope, requiring them to verify customer identities, monitor transactions, and report any suspicious activity to Financial Intelligence Units (FIUs) beginning from 2029. Member States may […]

Read More
OCEAN Project presented during EU Sport Forum

On the first day of the EU Sport Forum 2024, OCEAN, the EOC EU Office’s Erasmus+ project that focuses on enabling NOCs to assess their carbon footprint, develop tailored reduction plans, and enhance their climate governance, was featured in the panel “Green and sustainable sport – Testimonials”. The EOC EU Office Deputy Director Eva Rebmann, […]

Read More

Related Posts

April 26, 2024
The results of the Sport Pilot Projects and Preparatory Actions selection

On 19 April, the EACEA announced the awarding of the  Pilot Projects and Preparatory Actions in the field of Sport. Out of the 142 applications submitted project proposals across the two available calls, 11 projects were financed: 4 projects under the Sport for People and Planet - a new approach on sustainability through sport in Europe 2023 […]

April 26, 2024
Football clubs subject to new Anti-Money Laundering Regulation

On 24 April, the European Parliament adopted a package of laws to strengthen the EU's ability to combat money laundering and terrorism financing. The regulation puts professional football clubs in scope, requiring them to verify customer identities, monitor transactions, and report any suspicious activity to Financial Intelligence Units (FIUs) beginning from 2029. Member States may […]

April 19, 2024
OCEAN Project presented during EU Sport Forum

On the first day of the EU Sport Forum 2024, OCEAN, the EOC EU Office’s Erasmus+ project that focuses on enabling NOCs to assess their carbon footprint, develop tailored reduction plans, and enhance their climate governance, was featured in the panel “Green and sustainable sport – Testimonials”. The EOC EU Office Deputy Director Eva Rebmann, […]

About us

The EOC EU Office is the House of European Sport, representing the European Olympic Committees (EOC), the IOC and other major sport organisations to the European institutions in Brussels.
CONTACT
crossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram