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Support economic development and employment
- The ultimate purpose of regional state aid is to support economic development and employment. The regional aid guidelines set out the rules under which Member States can grant state aid to companies to support investments in new production facilities in the less advantaged regions of Europe or to extend or modernise existing facilities.
competition-policy.ec.europa.eu/state-aid/legislation/modernisation/regional-aid_en
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The ultimate purpose of regional state aid is to support economic development and employment. The regional aid guidelines set out the rules under which Member States can grant state aid to companies to support investments in new production facilities in the less advantaged regions of Europe or to extend or modernise existing facilities.
Apr 21, 2021 · Key elements of the revised Guidelines are: Increased overall regional aid coverage to 48% of the EU population (previously 47%) and updated list of assisted ‘a'-areas and predefined ‘c'-areas based on the latest available Eurostat statistics on GDP (2016-2018) and unemployment (2017-2019).
The purpose of regional State aid is to support economic development and job creation in Europe’s most disadvantaged regions. LEGAL BASIS. Article 107 of the Treaty on the Functioning of the European Union (TFEU), in particular 107(3)(a) and (c) thereof.
WHAT IS THE AIM OF THE GUIDELINES? They explain: conditions under which the European Commission considers that regional aid is compatible with the internal market; criteria for identifying the areas eligible for aid. KEY POINTS.
First, employment aid can be granted in regions eligible for regional aid (as determined in the respective approved regional aid map) up to the applicable regional aid threshold. This threshold can be increased by 20% for small companies and by 10% for medium-sized companies.
What is Regional Aid? •State aid to promote the economic, social and territorial cohesion of Member States and the Union as a whole. •Aid for the development of the most disadvantaged areas by supporting investment and job creation in a sustainable context. •Guidelines on Regional State aid for 2022 - 2027 (2021/C 153/01)
Jan 11, 2017 · The purpose of regional state aid is to support economic development and job creation in Europe’s most disadvantaged regions.