| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/2783 (18.12.14) |
| Publication Date | 18/12/2014 |
| Content Type | News |
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The European Commission had for the first time approved on the 18 December 2014 state aid evaluation plans for two different aid schemes in the Czech Republic and the United Kingdom. It would enable both countries to provide aid of more than €6 billion in total to spur investment and development. The aid schemes could run until 2020 without requiring further Commission approval. This was made possible by the new General Block Exemption Regulation (GBER), which as part of the Commission's State Aid Modernisation (SAM) Initiative, greatly extended the scope of aid exempted from prior notification to the Commission. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-2783_en.htm |
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| Subject Categories | Internal Markets |
| Countries / Regions | Europe |