With EU member states’ aids to financial institutions and public deficits going through the roof, the Commission has published a timely reminder of other existing devices for state aid to undertakings.
I want to thank the Antitrust & Competition Policy Blog for drawing my attention to the overview:
The European Commission has published a handy summary of permitted forms of state aid to companies, ‘State aid: what is possible under EU rules – an overview’ (28 October 2008, MEMO/08/659):
Short sections of the memo deal with the following state aid categories or instruments (with further references):
1. The General Block Exemption Regulation (GBER)
2. Aid for Research and Development and Innovation (R&D&I)
3. Aid for Small and Medium-sized Enterprises (SMEs)
4. Employment Aid
5. Training Aid
6. Risk Capital Measures
7. The De Minimis Rule
The memo is a convenient recap for officials dealing with state aid and for students who want a quick overview of what Articles 87 to 89 of the Treaty establishing the European Community (TEC) mean in practice.