09/07/2018 (Agence Europe) – On Monday 9 July, the European Commission took the view that the Dutch “growth facility” aimed at facilitating investment through 50% guarantees on new subordinated loans and equity over a period of up to 12 years was not state aid within the meaning of EU law. The loans in question may relate to amounts of up to €2.5 million to €25 million. The measure, which will be of benefit to small and medium-sized enterprises (SMEs), should allow the latter easier access to funding and, hence, to investment. The Commission said that the fees paid by beneficiaries in exchange for the guarantees would provide the Dutch state with an appropriate remuneration level, also ensuring the mechanism’s viability. The Commission has therefore given its green light to the measure, as well as to similar aid, the “extended growth facility”. (LT)