The European Commission approved on Friday 19 June three business support schemes within the context of the coronavirus pandemic.
The schemes were authorised under the State aid Temporary Framework adopted by the Commission on 19 March, as amended on 3 April and 8 May 2020.
Poland. This is a €449 million Polish scheme to support research and development (R&D) and production of coronavirus-related products. The public aid will be co-financed by the European Structural and Investment Funds (direct grants and repayable advances) and will be open to companies of all sizes operating in all sectors except the primary agriculture, fishery or aquaculture sectors or credit and financial institutions.
Slovakia. The green light has been given to three Slovak schemes, with a total budget of €4 billion, to support businesses affected by the coronavirus. The aid will take the form of direct grants and guarantees on loans. The plans are designed to provide liquidity to companies in difficulty as a result of the crisis. Direct grants will not exceed €800,000 per company and working capital loans will respect the ceilings set by the Temporary Framework.
Luxembourg. The Luxembourg scheme (€7 million) is designed to support audiovisual production companies. (Original version in French by Lionel Changeur)