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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.
