Communication from the Commission amending the Temporary Community Framework for State aid measures to support access to finance in the current financial and economic crisis
This Communication provides for a technical modification that aims to further facilitate access to finance and encourage long term investment, especially in EU Member States with low labour costs. Member States are able to determine the maximum amount of the investment loan covered by a guarantee either on the basis of the total annual wage bill of the beneficiary or on the basis of the EU 27 average labour costs as established by Eurostat.
Categories: IP & competition law/policy
Making body: European Commission
Law Type: Communication
Effective Start Date: 15 Dec 2009
Access available: Freely available