Press Release: State aid: Commission approves €884million public funding plus continued loan facilities for Post Office Ltd

The European Commission has authorised, under the EC Treaty’s rules on state aid, £634million (€884million) of public funding for the UK's network of post offices Post Office Ltd over the three years starting 1 April 2008. In addition it has authorised the continuation, over the same period, of existing loan facilities which allow the network to fund the provision of cash services at post office counters. The post office network is entrusted with important public service tasks and the Commission is satisfied that the requirements of the Community framework for state aid in the form of public service compensation are met.