On Tuesday 14 September, the European Commission authorised France’s plans to set up a €3 billion fund that will invest through debt, hybrid and equity instruments in companies affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework.
The support package will be implemented through a fund, which goes under the name ‘Transition Fund for enterprises affected by the Covid-19 outbreak’, with a budget of €3 billion.
Under the scheme, the aid...