Sélecteur de langues
Brussels, 17 December 2008
Competition Commissioner Neelie Kroes said: "We must fight the crisis, not each other. State aid must be targeted at allowing companies, especially SMEs, to overcome financial problems arising from the current credit squeeze without worsening the situation for other companies, thereby aggravating the crisis. Together with the existing possibilities to support smart investment in sustainable growth, the new measures will give new opportunities to Member States to bring the economy back on the right track."
The Framework will facilitate the tackling of the current difficulties in the economy First, to ensure sufficient bank lending to companies; second, to allow companies with liquidity problems due to the crisis to benefit from temporary relief through a limited grant; and third, to encourage companies to continue investing into a sustainable future, including the development of green products.
In order to meet these objectives, Member States may grant, under certain conditions and until the end of 2010 e.g.:
The Commission expects the financial markets, and hence the provision of lending to businesses, to get back to normal in the foreseeable future. Therefore, the new measures addressing the exceptional circumstances in the financial markets are limited in time and expire at the end of 2010.
Member States will have to notify schemes to the Commission that fully comply with the above-mentioned types of aid. As it has done since the beginning of the crisis, the Commission will act quickly provided Member States cooperate fully, provide adequate information and follow the rules. Once schemes are approved, aid given to individual companies will not have to be notified.
The Framework is available on the Commission's Europa website at:
Over the last couple of years, the Commission has thoroughly reformed its state aid rules. As a result, Member States now have a set of up-to-date rules for granting horizontal aid to stimulate e.g. research, innovation, environmental protection and regional development. See MEMO/08/659 and MEMO/08/660 for more details.
See also MEMO/08/795.