On Thursday 21 April, the European Commission authorised a €7 billion French investment aid scheme to promote a sustainable recovery.
The support was authorised under the State aid Temporary Framework in the context of the Covid-19 pandemic.
The aid will take one of the following forms: - direct grants; - subsidised loans; - subsidised guarantees; - repayable advances.
The amount of individual aid will not exceed €70 million per beneficiary. The public support will be used to finance...