ANNOUNCEMENT 08 Jun 2009In June 2009, the government of Spain announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Letter from EC to Spain, 08.06.2009
Press release by the EC
Overview of the measure
On 8 June 2009, the European Commission approved a Spanish temporary aid scheme for granting limited amounts of compatible aid.
The scheme "will be provided in the form of transparent forms of aid '...' and in particular, in the form of direct grants" (par. 5, letter from the EC to Spain, 08.06.2009) and shall be seen as an "umbrella scheme" (par. 7)
The scheme has a planned budget of 1.4 billion EUR and is aimed at SMEs as well as large undertakings, with an estimated number of beneficiaries surpassing 1000.
The maximum amount of aid per entity shall be 0.5 million EUR and firms in difficulty as well as those in the fisheries and agricultural sectors may not apply for this programme. Furthermore, the aid may not be used as export aid and it must not involve local content requirements.
According to the Commission, "The measure affects trade between Member States since the scheme is not limited to beneficiaries which are active in sectors where no intra-community trade exists." (art. 20, letter from the EC to Spain, 08.06.2009). However, the EC deemed the state aid to be compatible with the single market.
The scheme will be in force until in the end of the year 2010.