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€3.4 billion Danish scheme approved by the Commission to support energy intensive companies

publié le 3 November 2022

Denmark notified to the Commission, under the Temporary Crisis Framework, a €3.4 billion (DKK 25.2 billion) subsidised loan scheme to provide liquidity support to companies in the context of Russia’s war against Ukraine.

The subsidised loan scheme consists of two different measures:

Under the first measure, the individual loan amount per small and medium-sized enterprise (‘SME’) and large company will cover the liquidity needs respectively for the 12 months and 6 months following the granting of the aid. Under the second measure, energy supply companies will be entitled to receive an individual aid amount equal to 15% of their average total annual turnover over the last 3 closed accounting periods, capped to a maximum of €134,500 (DKK 1 million).

The aid will not exceed €2 million per company and will be granted by 31 December 2023 at the latest.

 

 

Source: State aid: Commission approves €3.4 billion Danish scheme to support energy intensive companies in the context of Russia’s war against Ukraine

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