IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 14 Mar 2012 | Removal date: 31 Dec 2014

State loan

On 14 March 2012, the European Commission approved a GBP 1 billion (approx. USD 1.6 billion) million loan fund known as the "Business Finance Partnership". The aid will support SMEs and mid-caps through non-bank lending instruments. The scheme is in force at least until 2014.

Under the Business Finance Partnership, the UK government will directly lend to national or UK-based SMEs and mid-caps with an annual turnover of up to GBP 500 million. No specific requirements in terms of economic sectors were provided. The press release highlights that "in the longer term, [the Business Finance Partnership] will stimulate the further development of these channels in order to address the structural financing gap of SMEs and mid-sized businesses".

The measure is notified under the following objective: Remedy for a serious disturbance in the economy.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the financial support granted here is discriminatory.

AFFECTED COUNTRIES

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