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Image header Agence Europe
Europe Daily Bulletin No. 9238
Contents Publication in full By article 27 / 39
GENERAL NEWS / (eu) eu/state aid/energy

Public funding for British R&D project led by Rolls-Royce approved

Brussels, 24/07/2006 (Agence Europe) - The European Commission has authorised state aid (Article 87), €67 million (£47 million) of public funding for a research and development project led by Rolls-Royce. The project aims to develop new innovative technologies designed to meet the needs of improved environmental performance of aero-engines. As all requirements in the EU framework for state aid for research and development are satisfied, the Commission considers that the aid does not threaten to distort competition in the Single Market and is therefore compatible with the EC Treaty.

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