The European Commission has approved a €7 billion investment aid scheme. The aim of the scheme is to promote a sustainable recovery.

France has notified the Commission under the temporary framework of an aid scheme worth €7 billion to provide investment support for a sustainable recovery.

Under this measure, the aid will take one of the following forms: (i) direct grants; (ii) subsidised loans; (iii) subsidised guarantees; and (iv) repayable advances. The amount of individual aid will not exceed 70 million euro per beneficiary and/or 1% of the total budget.

The aid is expected to benefit around 1000 enterprises.

State aid: Commission approves €7 billion French scheme to support investment towards a sustainable recovery | Press corner | European Commission