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© Allen & Overy LLP 2020 allenovery.com
Covid-19 coronavirus update: European Commission State aid decisions Up-to-date as at 11/12/20
Under State aid rules, UK and EEA Member State governments may not generally provide selective assistance to businesses without prior approval from the
European Commission (EC). This includes assistance in the form of government direct grants, interest and tax reliefs, loans, guarantees, forbearance of existing
loan terms, export credit insurance and equity investment. If these measures are provided selectively and on terms that the market would not provide (eg to a borrower in financial difficulty), or that are not being provided on arm’s -length commercial terms, they qualify as State aid and require prior approval from the EC.
Transactions involving unapproved State aid are unenforceable. If an entity participates in/is a beneficiary of a scheme that is subsequently found to have involved unapproved State aid, it may be required to repay that aid – potentially affecting its credit risk and solvency.
The EC has adopted a ‘Temporary Framework’ to give national governments greater flexibility under the State aid rules to support their economies during the
Covid-19 outbreak. The Temporary Framework continues to require notification to and prior approval of specific aid measures by the EC. The EC has so far
approved most Covid-19-related aid schemes very rapidly – mostly in a matter of days. Once an aid scheme has received approval, the relevant government is
free to support businesses within the scope of the scheme. As at the end of October 2020, over 380 State aid measures had been notified and approved under
the Temporary Framework – amounting to around EUR3 trillion. For further information on the Temporary Framework, please see this note, our subsequent update, and the July and October editions of our monthly newsletter Antitrust in focus.
The table below provides an overview of the State aid decisions adopted by the EC. Except where indicated otherwise, each of these decisions has been
adopted under the Temporary Framework. The table is up-to-date as at 11 December 2020. For further information on the potential impact of Covid-19 on the
State aid issues relevant to your business, please speak to your usual A&O antitrust contact.
https://www.allenovery.com/en-gb/global/news-and-insights/publications/covid-19-coronavirus-and-the-eu-state-aid-responsehttps://www.allenovery.com/en-gb/global/news-and-insights/publications/covid-19-coronavirus-state-aid-temporary-framework-extended-to-recapitalisations-and-subordinated-loanshttps://www.allenovery.com/en-gb/global/news-and-insights/publications/antitrust-in-focus-july-2020https://www.allenovery.com/en-gb/global/news-and-insights/publications/antitrust-in-focus-october-2020
Covid-19 coronavirus update: EC State aid decisions | December 2020
2 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Austria Liquidity scheme providing support in the form of direct grants, repayable advances, guarantees and subsidised loans.
Subsequently amended to increase total budget and to allow micro and small enterprises to benefit even if they were considered in difficulty on 31 December 2019, under certain conditions.
All EUR19bn SA.56840 – COVID-19: Austrian liquidity assistance scheme (08.04.20)
Amendment: SA.58640 – COVID-19: Extension of Liquidity
Support (18.09.20) – Press release
Guarantee scheme for working capital loans.
SMEs EUR9bn SA.56981 – COVID-19: Austrian scheme for guarantees on bridge loans (17.04.20)
Regional aid schemes to support companies and to support investment in R&D, testing and production of Covid-19-relevant products.
All EUR84m SA.57148 (2020/N) – COVID-19: Support Measures by the States (Länder) of Carinthia, Upper Austria, Styria, Tyrol and Vienna under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (19.05.20)
Compensation in the form of direct grants for certain damages suffered as a result of the Covid-19 outbreak.
All EUR8bn SA.57291(2020/N) – COVID-19: Compensation Scheme: Directive for fixed cost subsidies (23.05.20) (adopted under Article 107(2)(b) TFEU)
Subordinated loan (convertible into a grant) for damages suffered due to the Covid-19 outbreak.
Airlines EUR150m SA.57539 – COVID-19: Aid to Austrian Airlines (06.07.20)
https://ec.europa.eu/competition/state_aid/cases1/202016/285344_2148077_87_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_1714https://ec.europa.eu/competition/state_aid/cases1/202017/285477_2149910_130_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285477_2149910_130_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285924_2159094_75_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285924_2159094_75_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285924_2159094_75_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285924_2159094_75_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285924_2159094_75_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285975_2159458_97_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285975_2159458_97_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/286797_2192360_134_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Aid measure to support to Covid-19-relevant research and development projects by micro biotech company Apeptico in the form of a direct grant of approx. EUR840,000.
Research and development relevant to the Covid-19 outbreak – Apeptico
EUR840,000 SA.57340 – COVID-19: Individual aid to Apeptico – Emergency Call for the research of COVID-19 (06.07.20) – Press release
Aid measure to support Covid-19-relevant research and development projects by micro biotech company
Panoptes in the form of a direct grant of EUR1.2m.
Research and development relevant to the
Covid-19 outbreak – Panoptes
EUR1.2m SA.57345 – COVID-19: Individual aid to Panoptes – Emergency Call for the research of COVID-19 (06.07.20) – Press release
Scheme providing aid in the form of direct grants for liquidity support.
Non-profit sector EUR665m SA.57928 – Scheme supporting non-profit organisations and their related entities (06.08.20)
Scheme to support companies in Lower Austria in the form of direct grants, guarantees and subordinated loans with subsidised interest rates.
All EUR120m SA.58360 – Richtlinien des NÖ Wirtschafts- und Tourismusfonds - Förderprogramm COVID-19 (10.09.20)
Belgium Guarantee scheme for working capital and investment loans to support companies active in the Flemish region.
Companies active in the Flemish region
EUR3bn SA.56919 – The COVID-19 – loan guarantee – Flemish Region (09.04.20)
Scheme deferring payment by Walloon airports of concession fees.
Walloon airports Unknown SA.56807 – COVID19: Mesures de soutien en faveur des aéroports wallons – Moratoire sur les redevances de concession (11.04.20)
Scheme to provide state guarantees on new short-term loans.
All EUR50bn SA.56819 – COVID-19 – Loan guarantee scheme in response to the COVID-19 crisis (11.04.20) (adopted under
https://ec.europa.eu/commission/presscorner/detail/en/mex_20_1276https://ec.europa.eu/commission/presscorner/detail/en/MEX_20_1276https://ec.europa.eu/competition/state_aid/cases1/202033/287363_2180272_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287363_2180272_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202038/288033_2188101_57_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202038/288033_2188101_57_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285391_2147460_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285391_2147460_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285418_2152754_103_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285418_2152754_103_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285418_2152754_103_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285506_2147077_16_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285506_2147077_16_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
4 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Article 107(3)(b) TFEU – Temporary Framework is not applicable to the measure)
Direct grants to support agricultural and aquaculture sectors in Brussel-Capital region.
Agriculture and aquaculture
EUR200,000 SA.57056 – COVID-19: Decision of the Brussels Capital Government relating to aid in the context of the Covid-19 health crisis for companies active in the primary production of
agricultural products and in aquaculture for the food sector (24.04.20)
Direct grants to support Covid-19-related R&D.
Products relevant to the Covid-19 outbreak
EUR4m SA.57057 – R&D scheme of Brussels Capital Region "R&D Projects - Covid-19" under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (27.04.20)
Scheme providing loan guarantees. Companies active in the Walloon
region
EUR530m SA.57083 – COVID-19: Guarantee scheme – Walloon Region (30.04.20)
Flemish scheme providing subordinated loans to start-ups, scale-ups and SMEs.
Flemish start-ups, scale-ups and SMEs
EUR250m SA.57132 – COVID-19: Flemish subordinated loan scheme for start-ups, scaleups and SMEs (05.05.20)
Scheme to support Covid-19-related R&D activities in Wallonia.
All EUR25m SA.57173 – Walloon scheme for Covid-19 relevant research and development (“Régime d’aides à la recherche”) (12.05.20)
State guarantees on loans - will be accessible to companies whose exports represent at least 30% of their annual turnover.
Exporting companies
EUR500m SA.57187 – Credendo Bridge Guarantee (14.05.20)
https://ec.europa.eu/competition/state_aid/cases1/202018/285590_2151360_63_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285590_2151360_63_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285590_2151360_63_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285590_2151360_63_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285591_2151877_79_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285591_2151877_79_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285591_2151877_79_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285591_2151877_79_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285840_2152945_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285840_2152945_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285714_2153706_41_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285714_2153706_41_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285885_2156199_92_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285885_2156199_92_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/286021_2156650_48_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Measure in the form of a quota-share reinsurance of short-term credit and surety risks.
Trade credit and surety insurers
EUR903m SA.57188 – COVID-19: Reinsurance of short-term credit and surety risks (15.05.20) (adopted under Article 107(3)(b) - Temporary Framework is not applicable to the measure)
Scheme to support the production of Covid-19-relevant medical products, equipment, technologies and raw materials in the Flemish region.
Products relevant to the Covid-19 outbreak
EUR21m SA.57605 – COVID-19: Strategic transformation aid to undertak ings in the Flemish region for investments in COVID-19 related products (19.06.20)
Scheme to support the social tourism sector in Flanders.
Tourism EUR6.35m SA.57797 – COVID-19: Support to the social tourism sector (09.07.20)
Scheme providing aid in the form of repayable advances for companies active in the Flemish events sector in order to fund the restart of their activities.
Events sector EUR50m SA.58081 – Besluit van de Vlaamse Regering tot instellen van een terugbetaalbaar voorschot ter ondersteuning van de opstart van de evenementensector (27.07.20)
Scheme providing aid in the form of direct grants.
Potato and floricultural sectors in Flanders
EUR35m SA.58014 – Aid scheme to support potato growers and ornamental plant growers affected by COVID-19 (27.07.20)
Scheme providing aid in the form of an exemption from the annual contribution to the Federal Agency for the Safety of the Food Chain (AFSCA).
Horeca and retail food trade
EUR11m SA.58165 – COVID-19: Exemption from the payment of the annual fee due to the Agence Fédérale pour la Sécurité de la Chaîne Alimentaire (AFSCA) for 2020 (HORECA contribution) (05.08.20)
Aid measure consisting of a EUR287m loan and an equity injection of around EUR3m.
Airlines – Brussels Airlines
EUR290m SA.57544 – COVID-19: Aid to Brussels Airlines (21.08.20) – Press release
https://ec.europa.eu/competition/state_aid/cases1/202022/285976_2159018_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/285976_2159018_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202026/286482_2166324_27_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202026/286482_2166324_27_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202026/286482_2166324_27_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202029/286826_2172769_58_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287257_2177699_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287257_2177699_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287257_2177699_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287167_2176718_32_3.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287167_2176718_32_3.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287573_2179931_53_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287573_2179931_53_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287573_2179931_53_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287573_2179931_53_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/ip_20_1507
Covid-19 coronavirus update: EC State aid decisions | December 2020
6 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme providing support in the form of direct grants.
Potato producers in Wallonia
EUR10m SA.58649 – COVID-19. Aides au producteurs de pommes de terre de conservation détenteurs en propriété d'un stock de pomme de terre en vente libre (23.09.20)
Aid measures consisting of: (i) a scheme, providing support in the form of direct grants to Flemish airport operators; and (ii) support to the operators of Antwerp and Ostend
airports in the form of payment deferrals of certain costs and fees.
Airports EUR2.2m SA.58299 –Covid-19: Aid to the Flemish airports (29.09.20)
Scheme to support hotels in Brussels through direct grants.
Hotels EUR15.8m SA.58763 – COVID-19: Aid to hotels and aparthotels (09.10.20) – Press release
Bulgaria Guarantee scheme on existing or new loans to SMEs.
SMEs BGN500m (approx. EUR255m)
SA.56933 –COVID-19: intermediated SME loan guarantee program (08.04.20)
Employment aid scheme allowing the Bulgarian authorities to finance 60% of wage costs.
Sectors most affected by the outbreak, such as retail, tourism, passenger transport, culture, sports activities, amusement and recreation activities
BGN1.5bn (approx. EUR770m)
SA.56905 – COVID-19- Employment scheme for preserving jobs in most affected sectors (14.04.20)
https://ec.europa.eu/competition/state_aid/cases1/202040/288186_2192608_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/288186_2192608_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/288186_2192608_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202041/287587_2194735_173_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202042/288336_2196411_58_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_1869https://ec.europa.eu/competition/state_aid/cases1/202015/285460_2146849_41_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285460_2146849_41_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285501_2148301_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285501_2148301_44_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme providing direct grants co-financed by the European Regional Development Fund.
SMEs BGN173m (approx. EUR88m)
SA.57283 – State aid in the form of direct grants under Operational Programme Innovation and Competitiveness 2014-2020 to support micro and small enterprises to overcome the economic impact of the COVID-19 pandemic outbreak (12.05.20)
Scheme providing aid in the form of direct grants.
Subsequently amended.
Medium-sized undertakings
BGN200m (approx. EUR102m)
SA.57795 – State aid in the form of direct grants under Operational Programme Innovation and Competitiveness 2014-2020 to support medium-sized enterprises to overcome
the economic impact of the COVID-19 pandemic outbreak (26.06.20)
Amendment: SA.57938 – Amendment of SA.57795 Bulgaria, State aid in the form of direct grants to support medium-sized
enterprises to overcome the economic impact of the COVID-19 pandemic outbreak (possible increase of the individual amount per undertak ing)c (09.07.20)
Scheme providing support in the form of grants.
Tour operators BGN55m (approx. EUR28m)
SA.58050 – COVID-19: State aid for tour operators (24.07.20)
Public support in the form of a deferral of payments of concession
fees.
Airports – Burgas and Varna
EUR4.4m SA.58095 - COVID-19: concession fee deferral Burgas and Varna airports (14.08.20)
Scheme providing support in the form of direct grants covering part of the principal amount and interest due on loans previously provided to the
Farmers and potato growers
EUR29m SA.58328 – Aid to provide liquidity to farmers active in primary agricultural production to overcome the effects of the negative economic impact of COVID-19 (27.08.20)
https://ec.europa.eu/competition/state_aid/cases1/202020/285959_2156271_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285959_2156271_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285959_2156271_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285959_2156271_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285959_2156271_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286824_2168653_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286824_2168653_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286824_2168653_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286824_2168653_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/287020_2172664_26_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/287020_2172664_26_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/287020_2172664_26_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/287020_2172664_26_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/287020_2172664_26_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287223_2176372_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202035/287633_2184201_100_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202035/287633_2184201_100_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
8 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
beneficiaries by the State Fund for Agriculture.
Direct grants covering the operating costs of the transport of passengers by coach.
Coach companies BGN30m (approx. EUR15m)
SA.59182 – State aid: Commission approves €15 million Bulgarian scheme to support micro, small and medium-sized coach companies affected by the coronavirus outbreak
(30.11.20) – Press release
Croatia Guarantee scheme covering up to 50% of losses incurred on operating loans with a limited maturity and size.
Companies whose export activities represent 20% of yearly revenue
HRK6bn (approx. EUR790m)
SA.56877 – Portfolio insurance of liquidity loans for exporters under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (06.04.20)
Two schemes providing public support in the form of zero-interest loans and loans with subsidised
interest rates, respectively.
All EUR1bn SA.56957 – COVID-19: Interest free loans scheme and subsidised loans scheme (09.04.20)
Direct grant scheme to support fishery and the aquaculture sector.
Fishery and aquaculture
EUR4m SA.56998 – State aid in fisheries and aquaculture supporting the economy under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (17.04.20)
Scheme providing loan guarantees and subsidised loans.
SMEs EUR322m SA.57175 – COVID-19: Guarantee schemes and subsidised loans scheme (12.05.20)
Scheme providing support in the form of public guarantees on loans.
SMEs active in the field of culture and creative industries
EUR40m SA.57595 – Guarantee scheme on loans for undertak ings active in the field of culture and creative industries (17.06.20)
https://ec.europa.eu/commission/presscorner/detail/en/mex_20_2277https://ec.europa.eu/competition/state_aid/cases1/202017/285330_2149954_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285330_2149954_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285330_2149954_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285440_2147045_41_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285440_2147045_41_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285495_2150432_42_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285495_2150432_42_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285495_2150432_42_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285495_2150432_42_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285809_2155953_88_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285809_2155953_88_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202025/286460_2165880_38_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202025/286460_2165880_38_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme providing support in the form of public guarantees on loans.
Maritime, transport, transport infrastructure, tourism and related sectors
EUR80m SA. 57711 – State aid Scheme to support the maritime, transport, transport infrastructure, tourism, and related sectors impacted by the COVID-19 outbreak (30.06.20)
Grant to compensate Croatia Airlines for damage caused by coronavirus
outbreak.
Croatia Airlines EUR11.7m SA.55373 - State aid: Commission approves €11.7 million Croatian grant to compensate Croatia Airlines for damage
caused by coronavirus outbreak (01.12.20) – Press release
Cyprus Deferral of VAT payment obligations until 10 November 2020.
All except sectors which continued to operate during the lockdown
EUR33m SA.57511 – COVID-19: Waiver of interests and penalties for late payment of VAT (10.06.20)
Scheme providing support in the form of direct grants.
Primary agricultural sector
EUR1.8m SA.57587 – Aid scheme in support of the primary agricultural production sector to address the impact of the COVID-19 outbreak (17.06.20) – Press release
Incentive scheme providing support in the form of direct grants in order to re-establish air routes from/to Cyprus.
Airlines EUR6.3m SA.57691 – Incentive scheme towards airlines (01.07.20)
Scheme in the form of direct grants to support newspaper companies.
Newspaper companies
EUR106,000 SA.57762 – Support scheme for newspapers (06.07.20)
Scheme providing support in the form of direct grants.
Pig farming sector EUR500,000 SA.58340 – Support scheme for pig sector (25.04.20)
Term loan to Hermes Airports Limited. Airport operator – Hermes Airports Limited
EUR22.2m SA.58923 – Loan provided to Hermes Airports Limited for addressing financial implications of the effects of COVID-19 (17.11.20)
https://ec.europa.eu/competition/state_aid/cases1/202027/286654_2169310_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286654_2169310_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286654_2169310_54_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2277https://ec.europa.eu/competition/state_aid/cases1/202024/286329_2163433_81_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202024/286329_2163433_81_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_1111https://ec.europa.eu/competition/state_aid/cases1/202027/286631_2170011_94_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/286759_2170316_57_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202035/287652_2184414_29_4.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2147https://ec.europa.eu/commission/presscorner/detail/en/mex_20_2147
Covid-19 coronavirus update: EC State aid decisions | December 2020
10 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Czech Republic
Scheme to support investments in the production of Covid-19-relevant products.
SMEs producing products relevant to the Covid-19 outbreak
CZK1bn (approx. EUR37m)
SA.56961 – Scheme for investment aid for the production of COVID-19 relevant products (14.04.20)
Guarantee scheme for loans to large exporting companies.
Large companies for which exports amount to at least 20% of revenues
and their suppliers
CZK142bn (approx. EUR5.2bn)
SA.57094 – COVID-19 – Loan guarantee scheme to support the economy in response to the COVID-19 crisis (05.05.20)
Aid in the form of direct grants for Covid-19-relevant R&D projects.
All CZK200m (approx. EUR7.3m)
SA.57071 – COVID-19 – Support to R&D projects (07.05.20)
State guarantee scheme. SMEs CZK500bn (approx. EUR18.5bn)
SA.57195 (2020/N) – COVID-19: Aid in the form of guarantees on loans for enterprises of up to 500 employees (15.05.20)
Rent compensation scheme. Retail businesses and service companies renting premises
CZK5bn (approx. EUR184m)
SA.57464 (2020/N) – COVID-19: Program to support entrepreneurs affected by the spread of the COVID 19 (rent payments) (02.06.20)
Scheme providing direct grants intended to partially reduce the outstanding amounts of operating bank loans to these SMEs and will cover up to 50% of the unpaid loan
amount.
SMEs in the primary agricultural sector
CZK1bn (approx. EUR36.3m)
SA.57475 – COVID-19: Opex 2020 – Loan Principal Reduction (03.06.20)
https://ec.europa.eu/competition/state_aid/cases1/202017/285444_2149332_38_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285444_2149332_38_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285843_2153537_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285843_2153537_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285614_2155400_80_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202021/286080_2157193_34_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202021/286080_2157193_34_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286328_2161375_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286328_2161375_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286289_2161701_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286289_2161701_66_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme to compensate non-profit sport organisation for damages suffered due to the coronavirus outbreak.
Small sports clubs and physical education and training organisations
CZK1bn (approx. EUR37.6m)
SA.57614 – Compensation scheme for sports organisations, facilities and cancellation of sport events related to COVID-19 (the “COVID – Sport Programme”) – Czechia (22.07.20)
Wage subsidy scheme. All CZK22.9bn (approx. EUR886m)
SA.57102 – COVID-19 – Wage subsidies in Czechia (27.07.20)
Scheme providing aid in the form of direct payments to cover discounts applied to consumers from the EEA that reserve a minimum package of overnight stays and spa rehabilitation treatments at beneficiaries’ facilities.
Health spa facilities
CZK1bn (approx. EUR38m)
SA.58018 – COVID-19: Support for Health Spas (adopted under Article 107(3)(b) TFEU) - Temporary Framework is not applicable to the measure) (07.08.20)
Scheme providing aid in the form of direct grants.
Cultural events operators
CZK900m (approx.
EUR34m)
SA.58213 – COVID-19: Aid to the cultural sector (19.08.20)
Scheme providing aid in the form of direct grants.
All CZK260m (approx. EUR97m)
SA.58167 – 3.1 TF - Operational Programme Employment (24.08.20)
Scheme providing aid in the form of direct grants corresponding to a fixed amount per room and per day, for the entire period during which the
accommodation was closed.
Providers of accommodation
CZK3.31bn (approx. EUR126.7m)
SA.58398 – Accommodation Facility Support (COVID-Accommodation) (27.08.20)
https://ec.europa.eu/competition/state_aid/cases1/202030/286956_2175432_128_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/286956_2175432_128_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/286956_2175432_128_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287307_2176887_119_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202036/287387_2186155_114_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202034/287701_2183265_55_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202035/287694_2183966_35_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202037/287816_2187560_42_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202037/287816_2187560_42_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
12 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme providing support in the form of waivers of payments and penalties and deferrals of payments of mandatory health insurance contributions.
Self-employed CZK8bn (approx. EUR305m)
SA.57358 – COVID-19: Public health insurance reliefs for self-employed (08.09.20)
Rent compensation scheme in the form of direct grants covering 50% of rent due in July, August and
September 2020.
Retail businesses and service companies renting
premises
CZK3bn (approx. EUR110m)
SA.59118 – COVID-19: Call 2 for the Program to support entrepreneurs affected by the spread of the COVID 19 (rental payments) (30.10.20) – Press release
Scheme to support undertakings in the City of Pilsen through rent discount, deferral of rent payments, deferral of payments under lease of agricultural land and land for development activities and direct grants.
All except financial institutions
CZK200m (approx. EUR7.5m)
SA.58430 – COVID-19 - City of Pilsen's aid programme (13.11.20)
Scheme providing direct grants covering (i) up to 50% of eligible expenses for limited, postponed or cancelled events; (ii) up to 80% of eligible expenses for continuous cultural activities.
Cultural events CZK750m (approx. EUR28.4)
SA.59536 – COVID-19: Continuation of the support programme for businesses in the cultural sector (25.11.20)
Denmark
Guarantee scheme for SMEs covering up to 70% of losses incurred on new operating loans.
SMEs DKK1bn (approx. EUR130m)
SA.56708 – Danish guarantee scheme for SMEs affected by COVID-19 (21.03.20)
https://ec.europa.eu/competition/state_aid/cases1/202037/287629_2187688_44_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202037/287629_2187688_44_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2022https://ec.europa.eu/competition/state_aid/cases1/202047/288805_2208678_28_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202048/289701_2213277_64_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202048/289701_2213277_64_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285084_2142369_67_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285084_2142369_67_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme to compensate damage caused by cancellations of large public events.
Events DKK91m (approx. EUR12m)
SA.56685 – Compensation scheme for cancellation of events related to COVID-19 (12.03.20) (adopted under Article 107(2)b TFEU)
Scheme to compensate self-employed for damage suffered due to
the Covid-19 outbreak up to DKK23,000 (approx. EUR3,000) per month per person.
Self-employed DKK10bn (approx.
EUR1.3bn)
SA.56791 – Temporary compensation scheme for self-employed financially affected by COVID-19 (25.03.20)
(adopted under Article 107(2)b TFEU)
Prolongation and adjustment: SA.57199 – Amendment to
State Aid SA.56791 (2020/N) on temporary wage-compensation scheme for self-employed financially affected by the COVID-19 (07.05.20)
Liquidity guarantee scheme for SMEs with a level of exports of at least 10% of their yearly revenue and their sub-suppliers.
SMEs with export activities
DKK1bn (approx. EUR130m)
SA.56808 – Liquidity guarantee scheme under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (30.03.20)
State loan with subsidised interest rates to the Danish Travel Guarantee Fund for travel cancellations.
Travel DKK1.5bn (approx. EUR200m)
SA.56856 – State loan for the Danish Travel Guarantee Fund as a result of COVID-19 (01.04.20)
Compensation for companies particularly affected by the Covid-19 outbreak up to DKK60m (approx. EUR8m) per company.
All DKK40bn (approx. EUR5.4bn)
SA.56774 – Compensation for companies particularly exposed to COVID-19 outbreak (08.04.20) Amendment: SA.57151 – Amendment and prolongation of compensation scheme SA.56774 for companies particularly exposed to COVID-19 outbreak (05.05.20)
https://ec.europa.eu/competition/state_aid/cases1/202011/285054_2139535_70_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202011/285054_2139535_70_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285206_2146546_104_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285206_2146546_104_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285836_2154411_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285836_2154411_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285836_2154411_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285836_2154411_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285239_2143817_59_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285239_2143817_59_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285239_2143817_59_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285305_2145144_78_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285305_2145144_78_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285176_2148099_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285176_2148099_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285767_2153860_37_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285767_2153860_37_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285767_2153860_37_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
14 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Public guarantee to compensate airline SAS for damage caused by the Covid-19 outbreak.
Airlines - SAS DKK1bn(approx. EUR137m)
SA.56795 – Compensation for the damage caused by the COVID-19 outbreak to Scandinavian Airlines (15.04.20) (adopted under Article 107(2)b TFEU)
Scheme providing support in the form of tax deferrals and similar measures in relation to VAT and payroll tax liabilities.
SMEs EUR130m SA.57027 – Tax deferrals and similar measures (30.04.20)
Scheme providing loans to start-ups. Start-ups EUR296m SA.57164 – Loan scheme for early stage and companies in the venture segment (05.05.20)
Amendment: SA.58465 Amendment of SA. 57164 –Extension of the scope of beneficiaries (02.09.20)
Scheme to provide aid in the form of a first-loss guarantee on the portfolio of insurance claim exposures of participating trade credit insurers.
Trade credit insurance providers
Unknown SA.57112(2020/N) – COVID-19: First-loss portfolio guarantee on trade credit insurance (15.05.20) (adopted under Article 107(3)(b) - Temporary Framework is not applicable to the measure)
Scheme to compensate for damage caused by decrease in advertising revenues.
Media companies EUR32m SA.57106 – Compensation scheme for the Danish media sector related to COVID-19 (27.05.20)
Scheme to compensate travel operators up to 100% of losses suffered as a consequence of reimbursing consumers.
Travel operators EUR97m SA.57352 – COVID-19 compensation scheme to travel operators for losses incurred by cancellations (29.05.20) (adopted under Article 107(2)(b) TFEU)
Scheme to compensate self-employed for damage suffered due to the Covid-19 outbreak.
Self-employed EUR66.5m SA.57919 – COVID-19: Limited amounts of aid scheme for self-employed (13.07.20)
https://ec.europa.eu/competition/state_aid/cases1/202024/285505_2163935_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202024/285505_2163935_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285826_2153371_56_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202021/285871_2157346_59_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202021/285871_2157346_59_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202036/287887_2186276_33_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202036/287887_2186276_33_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286004_2161374_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286004_2161374_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286094_2160098_108_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286094_2160098_108_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286250_2162043_37_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286250_2162043_37_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/286997_2177181_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/286997_2177181_82_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme to compensate self-employed and freelancers related to large events and seasonal work for damage suffered due to the Covid-19 outbreak.
Self-employed and freelancers related to large events and seasonal work
EUR26.8m SA.57920 – COVID-19: Limited amounts of aid scheme for self-employed and freelancers related to large events and seasonal work (13.07.20)
Scheme to compensate for damages suffered by companies whose activities are still subject to restrictive
measures implemented due to the Covid-19 outbreak.
Amended to extend and prolong scheme.
Various EUR148m SA.57930 – Temporary targeted compensation scheme for companies affected by COVID-19 prohibitions (bans and cancelled events) (adopted under Article 107(2)(b) TFEU)
(13.07.20)
Amendments: SA.59091 – COVID-19: Targeted compensation scheme for fixed costs (sub-suppliers) (11.11.20)
SA.59055 – COVID-19: Prolongation of SA.57930 targeted compensation scheme for companies' fixed costs (prohibition on being open and prohibition of large events) (13.11.20)
Compensation scheme for undertakings affected by travel restrictions and closure of borders.
All EUR148m SA.57932 – Covid-19:Temporary targeted compensation scheme for undertak ings affected by closure of borders and travel restrictions (adopted under Article 107(2)(b) TFEU) (22.07.20)
Recapitalisation measure by Denmark and Sweden comprising of an equity participation through subscription of new shares, the
subscription and underwriting of new shares in a rights issue and newly issued State hybrid notes.
Airlines - SAS EUR1bn SA.57543 – COVID19 recapitalisation of SAS (17.08.20) – Press release
https://ec.europa.eu/competition/state_aid/cases1/202033/286998_2180071_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/286998_2180071_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/286998_2180071_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287011_2176923_56_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287011_2176923_56_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287011_2176923_56_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202046/288831_2207276_33_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202046/288831_2207276_33_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202047/288784_2208226_34_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202047/288784_2208226_34_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202047/288784_2208226_34_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287013_2179779_79_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287013_2179779_79_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287013_2179779_79_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/ip_20_1488
Covid-19 coronavirus update: EC State aid decisions | December 2020
16 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme providing aid in the form of direct grants to cover a percentage of certain airport charges between 1 August 2020 and December 2020.
Airlines and airports
EUR24m SA.58157 - Aid to Danish airports and airlines which land in and depart from Denmark (03.09.20) – Press release
Scheme providing support in the form of direct grants compensating a percentage of fixed costs.
Cafés, restaurants, nightclubs, discotheques and
venues
EUR99.4m SA.59048 – Danish aid to cafés, restaurants, nightclubs, discotheques, venues & their suppliers (30.10.20)
Scheme to help companies that were affected by local restrictions imposed in certain municipalities in order to contain the spread of a specific variant of coronavirus that originated from mink pay salaries of their workers.
All DKK800m (approx. EUR107m)
SA.59414 and SA.59543 – State aid: Commission approves Danish schemes to preserve employment and support companies affected by coronavirus outbreak (26.11.20) – Press release
Scheme providing support in the form of direct grants compensating lost production costs directly related to events cancelled.
Self-employed undertakings, freelancers and professional artists
EUR9m SA.58681 – State aid: Commission approves €9 million Danish scheme to support micro and small self-employed undertak ings, freelancers and professional artists affected by cancellation of events due to coronavirus outbreak (27.11.20) – Press release
Direct grants to cover the beneficiaries' wage costs in the period from 1 October to 31 December 2020 for the staff responsible for certain specific safety-critical functions.
Danish airlines EUR6m SA.59370 – State aid: Commission approves €6 million Danish scheme to support airlines in the context of the coronavirus outbreak (27.11.20) – Press release
https://ec.europa.eu/competition/state_aid/cases1/202042/287372_2196066_121_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202042/287372_2196066_121_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_1557https://ec.europa.eu/competition/state_aid/cases1/202045/288777_2203505_104_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202045/288777_2203505_104_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2233https://ec.europa.eu/commission/presscorner/detail/en/mex_20_2252https://ec.europa.eu/commission/presscorner/detail/en/mex_20_2252
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Estonia
Support scheme implemented by the public Foundation Kredex for the provision of public guarantees on existing or new loans and the granting of loans at favourable terms.
All (except agriculture, tobacco, cloning and genetic modification)
EUR1.75bn (for both schemes combined)
SA.56804 – Loan guarantee scheme of Estonia under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (30.03.20)
Support scheme implemented by the public Rural Development Foundation for the provision of public guarantees
on existing or new loans and the granting of loans at favourable terms.
Agriculture, fisheries, food processing and
undertakings in rural areas
EUR1.75bn (for both schemes
combined)
SA.56804 – Loan guarantee scheme of Estonia under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (30.03.20)
Eight schemes providing support in the form of direct grants and payment advantages to companies active in certain sectors affected by the Covid-19 outbreak.
Various EUR75.5m SA.57014 – Estonian aid schemes in the form of grants and payment advantages under Section 3.1 of Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (21.04.20) Amendment: SA.57234 – COVID-19: Amendment to SA.57014 (2020/N) – Estonian aid schemes in the form of
grants and payment advantages under Section 3.1 of the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (07.05.20)
Scheme implemented and administered by the public Foundation KredEx providing support in the form of public guarantees, loans and subsidised interest rates for loans.
All EUR1.55bn SA.57028 – Estonian aid schemes in the form of guarantees on loans, loans and subsidised interest rates for loans under Section 3.1 of the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (28.04.20)
Scheme implemented and administered by the public Rural
Agriculture, fishery, food
EUR200m SA.57028 – Estonian aid schemes in the form of guarantees on loans, loans and subsidised interest rates for loans under
https://ec.europa.eu/competition/state_aid/cases1/202014/285300_2143706_71_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285300_2143706_71_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285300_2143706_71_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285300_2143706_71_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285300_2143706_71_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285300_2143706_71_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285592_2149989_52_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285592_2149989_52_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285592_2149989_52_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285592_2149989_52_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285887_2154692_65_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285887_2154692_65_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285887_2154692_65_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285887_2154692_65_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285887_2154692_65_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
18 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Development Foundation providing liquidity through public guarantees and loans.
processing and companies in rural areas
Section 3.1 of the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (28.04.20)
Rent compensation scheme to support business renting premises in
shopping centres.
Businesses located in
shopping centres
EUR4m SA.57403 – COVID-19: Support for rent payments for trade and service operators negatively affected by the coronavirus
outbreak (28.05.20)
Support scheme for companies active in international maritime passenger transport.
International maritime passenger transport
EUR20m SA.57643 – COVID-19: Aid to companies active in international maritime passenger transport (10.07.20)
Aid measure to provide a share capital increase and subsidised interest loan.
Airlines - Nordica EUR30m SA.57586 – Estonia COVID19 - Recapitalisation of Nordica (11.08.20)
Scheme providing support in the form of direct grants to companies active in the tourism sector.
Tourism EUR5.5m SA.59338 – COVID-19: Aid to undertak ings in tourism and directly related sectors (25.11.20)
Scheme to support industrial research and experimental development by companies affected by the coronavirus outbreak, as well as coronavirus-related research and
development.
R&D EUR10m SA.59278 –State aid: Commission approves €10 million Estonian scheme to support research and development by companies affected by coronavirus outbreak, as well as coronavirus-related research and development (4.12.20) – Press release
Finland Scheme providing support in the form of: (i) state guarantees on new investment and working capital loans; or (ii) subsidised investment and
All EUR2bn SA.57059 – COVID-19: Loan guarantee and subsidised interest rate loan scheme for undertak ings most affected by COVID-19 (20.04.20)
https://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285667_2152255_76_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286163_2160636_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286163_2160636_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286163_2160636_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/286999_2172527_56_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/286999_2172527_56_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202041/287390_2195530_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202048/289271_2213513_54_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202048/289271_2213513_54_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2316https://ec.europa.eu/competition/state_aid/cases1/202017/285617_2149855_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285617_2149855_62_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285617_2149855_62_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
working capital loans with favourable interest rates.
Scheme providing support in the form of direct grants, equity injections, selective tax advantages and
advance payments, as well as repayable advances, State guarantees and loans.
All EUR3bn SA.56995 – COVID-19: Framework Scheme for State aid measures (Section 3.1 of the Temporary Framework) (24.04.20)
Scheme providing direct grants to cover immediate liquidity needs.
Primary agricultural production
EUR30m SA.57231 – COVID-19: Temporary aid to undertak ings in primary agricultural production (06.05.20)
Scheme providing direct grants to cover immediate liquidity needs.
Fishery and aquaculture
EUR10m SA.57221 – Temporary aid in favour of undertak ings in the fishery and aquaculture sector affected by the Covid-19
outbreak (06.05.20)
90% state guarantee on EUR600m loan to Finnair.
Airlines - Finnair Unknown SA.56809 – COVID-19: State loan guarantee for Finnair (18.05.20)
Loan guarantee scheme. Maritime enterprises
EUR600m SA. 57192 (2020/N) – Loan guarantee scheme for maritime enterprises under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (28.05.20)
Scheme to compensate loss of revenues during the two-month period of lockdown.
Restaurants, bars or cafes
EUR120m SA.57284 (2020/N) – COVID-19: Finnish damage compensation scheme for restaurants (28.05.20) (adopted under Article 102(b) TFEU)
Recapitalisation measure through which the State will receive rights to
Airlines – Finnair EUR286m SA.57410 – COVID-19: recapitalisation of Finnair (10.06.20)
https://ec.europa.eu/competition/state_aid/cases1/202018/285492_2151340_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285492_2151340_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285883_2154214_90_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285883_2154214_90_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285865_2154211_89_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285865_2154211_89_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285865_2154211_89_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/286073_2164222_133_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286316_2160382_30_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286316_2160382_30_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286316_2160382_30_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286316_2160382_30_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286116_2160378_37_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202022/286116_2160378_37_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202036/286428_2186248_143_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
20 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
subscribe for new shares in an amount of EUR286m.
France Scheme enabling French public investment bank Bpifrance to provide State guarantees on commercial
loans.
Enterprises with up to 5,000 employees
EUR300bn (for the three guarantee
schemes combined)
SA.56709 - COVID-19: Plan de sécurisation du financement des entreprises (21.03.20)
Scheme enabling French public investment bank Bpifrance to provide State guarantees on credit lines.
Enterprises with up to 5,000 employees
EUR300bn (for the three guarantee schemes combined)
SA.56709 – COVID-19: Plan de sécurisation du financement des entreprises (21.03.20)
Scheme to provide State guarantees to banks on portfolios of new loans for all types of companies.
All EUR300bn (for the three guarantee schemes combined)
SA.56709 – COVID-19: Plan de sécurisation du financement des entreprises (21.03.20)
Amendment: SA.57502 – Amendement de la décision SA.56709 (2020/N) – France – COVID-19: Plan de sécurisation du financement des entreprises (04.06.20)
Amendment: SA.57989 – Amendement de la décision SA.56709 – COVID-19: Plan de sécurisation du financement des entreprises (28.07.20)
"Fonds de solidarité" scheme providing direct grants for small and micro-enterprises and self-employed in temporary financial difficulties.
Small and micro-enterprises and self-employed
EUR1.7bn (March 2020), EUR2.9bn (April 2020)
SA.56823 – COVID 19 - French Solidarity Fund - Scheme for enterprises in temporary difficulties due to COVID-19 (30.03.20)
https://ec.europa.eu/competition/state_aid/cases1/202012/285133_2141269_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202012/285133_2141269_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202012/285133_2141269_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202012/285133_2141269_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202012/285133_2141269_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202012/285133_2141269_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286374_2162180_29_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286374_2162180_29_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202023/286374_2162180_29_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287343_2177851_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287343_2177851_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202031/287343_2177851_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285302_2148109_40_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285302_2148109_40_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Subsequently prolonged and modified.
Amendment: SA.57010 - Prolongation et modification des modalités d’intervention du Fonds de solidarité à destination des entreprises particulièrement touchées par les conséquences économiques, financières et sociales de la propagation de l’épidémie COVID-19 et des mesures prises pour limiter cette propagation. (15.04.20)
French scheme deferring payment by airlines of certain aeronautical taxes.
Airlines Unknown
SA.56765 – CODIV-19 Moratoire sur le paiement de taxes et redevances aéronautiques en faveur des entreprises de transport public aérien (31.03.20) (adopted under Article 107(2)(b) TFEU)
State guarantee scheme supporting the insurance of domestic trade.
All EUR10bn SA.56903 – COVID-19: State guarantee for the reinsurance cover of domestic trade credit insurance risks (12.04.20) (adopted under Article 107(3)(b) – Temporary Framework is not applicable to the measure)
Umbrella scheme allowing for the provision of aid in the form of: (i) direct grants, equity injections, repayable advances and subsidised loans up to an amount of EUR800,000; (ii) state guarantees for loans; (iii) public loans with favourable interest rates.
All EUR7bn SA.56985 – Régime cadre temporaire au soutien des entreprises dans la crise du Covid 19 (20.04.20)
Scheme providing guarantees on loans for exporting companies.
SMEs with export activities
EUR4m SA.56868 – COVID-19: Garanties des préfinancements des entreprises françaises exportatrices (24.04.20)
Loan guarantee to the Renault group providing 90% loan coverage.
Automotive – Renault
EUR5bn SA.57134 – COVID 19 : Aide sous forme de garanties de prêts au profit du groupe Renault (29.04.20)
https://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285512_2148107_19_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285237_2150596_52_7.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285237_2150596_52_7.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285237_2150596_52_7.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285465_2151797_23_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285465_2151797_23_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285598_2149988_102_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285598_2149988_102_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285666_2151001_46_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285666_2151001_46_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285717_2156200_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285717_2156200_66_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
22 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
State guarantee and shareholder loan to Air France to provide urgent liquidity.
Airlines – Air France
EUR7bn SA.57082 – COVID-19: Cadre temporaire 107(3)(b) – Garantie et prêt d’actionnaire au bénéfice d’Air France (04.05.20) – Press release
Scheme providing state guarantees. SMEs with export activities
EUR3m SA.57219 – COVID-19: Garanties des cautions (11.05.20) (adopted under Article 107(3)(b) – Temporary Framework is not applicable to the measure)
90% state guarantee for a EUR71m loan to the NOVARES group.
Automotive - NOVARES
EUR64m SA.57405 – Covid-19 - Groupe Novares (26.05.20)
Umbrella scheme to support R&D, construction and testing infrastructures and investment in production of Covid-19-relevant products
Products relevant to the Covid-19 outbreak
EUR5bn SA.57367 – COVID-19: Aid for COVID-19 relevant R&D projects, investment into relevant testing and upscaling infrastructures, and investment into COVID-19 relevant production capacities (05.06.20)
Scheme providing aid in the form of wage subsidies for employees.
Catering, restauration, hotel
and accommodation industry, tourism, passenger transport, event organisation, production of films, videos and television programmes, arts, culture and sports
EUR207m SA.57754 – COVID-19: Dispositif d'activité partielle ad hoc (29.06.20)
https://ec.europa.eu/commission/presscorner/detail/en/ip_20_796https://ec.europa.eu/competition/state_aid/cases1/202020/285958_2155658_68_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202028/286293_2171499_82_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202024/286299_2162472_123_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202024/286299_2162472_123_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202024/286299_2162472_123_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202024/286299_2162472_123_4.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286855_2168854_31_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Subordinated loan scheme. All EUR30bn SA.57695 – COVID-19: Régime d'aides sous la forme de prêts publics subordonnés (30.06.20)
Germany Subsidised loan programme implemented through the Kreditanstalt für Wiederaufbau (KfW) covering up to 90% of risk for loans up to EUR1bn with a maturity of up to 5 years.
All Unknown SA.56714 – COVID-19 measures (22.03.20)
Subsidised loan programme in which KfW participates together with private banks to provide larger loans as a consortium.
All Unknown SA.56714 – COVID-19 measures (22.03.20)
Scheme for guarantees on loans. All Unknown SA.56787 – COVID-19: Bundesregelung Bürgschaften 2020 (24.03.20)
Scheme "Bundesregelung Kleinbeihilfen 2020", providing direct grants, repayable advance or tax and payment advantages. This scheme was subsequently amended to also allow for aid in the form of loans, guarantees and equity.
All Unknown SA.56790 – Federal Framework "Small amounts of aid 2020" - COVID-19 (24.03.20) Amendment: SA.56974 - Amendment to the approved schemes SA.56790 (2020/N) – Federal Framework “Small amounts of aid 2020” (“Bundesregelung Kleinbeihilfen 2020”) and SA.56863 (2020/N) Federal Framework for subsidised loans 2020 “Bundesregelung Darlehen 2020” (11.04.20)
Subsidised loan scheme to be provided by other regional authorities
and promotional banks (extension of KfW scheme).
All Unknown SA.56863 – COVID-19 - Federal framework for subsidised loans 2020 (02.04.20)
Amendment: SA.56974 – Amendment to the approved schemes SA.56790 (2020/N) – Federal Framework “Small
https://ec.europa.eu/competition/state_aid/cases1/202027/286800_2170012_55_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202027/286800_2170012_55_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285198_2141528_35_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285198_2141528_35_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285202_2142382_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285205_2142884_55_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202013/285205_2142884_55_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285363_2145045_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202014/285363_2145045_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
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Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
This scheme was subsequently amended to allow for subsidised interest rates for loans provided either directly by a granting authority together with private banks in a consortium or indirectly in the form of risk-sub-participations.
amounts of aid 2020” (“Bundesregelung Kleinbeihilfen 2020”) and SA.56863 (2020/N) Federal Framework for subsidised loans 2020 “Bundesregelung Darlehen 2020” (11.04.20)
Guarantee scheme to support the trade credit insurance market.
All EUR30bn SA.56941 – COVID-19: First-loss portfolio guarantee on trade credit insurance (adopted under Article 107(3)(b) – Temporary Framework is not applicable to the measure) (14.04.20)
Umbrella scheme to support R&D, testing and production of Covid-19-relevant products.
Products relevant to the Covid-19 outbreak
EUR5bn SA.57100 – COVID-19 – Federal Framework Scheme “Aid for Covid-19 related R&D, investments in testing infrastructures and production facilities” (“Bundesregelung Forschungs-, Entwick lungs- und Investitionsbeihilfen”)
(28.04.20)
State-guaranteed public loan granted via KfW.
Airlines – Condor EUR550m SA.56867 – COVID 19 – Support for Condor (26.04.20) (adopted under Article 107(2)(b) TFEU)
Recapitalisation measure comprising: (i) equity participation through the subscription of new shares by the State, corresponding to 20% of share capital; (ii) silent participation with the
features of a non-convertible equity instrument; and (iii) silent participation with the features of a convertible debt instrument.
Airlines – Lufthansa
EUR6bn SA.57153 – COVID-19: Aid to Lufthansa (25.06.20)
https://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285466_2149415_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285519_2150163_102_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202017/285519_2150163_102_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285722_2152196_87_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285722_2152196_87_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285722_2152196_87_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285722_2152196_87_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202037/285720_2187447_74_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202044/286587_2201652_220_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Measures (liquidity and capital support) of the newly set up Wirtschaftsstabilisierungsfonds (Economic Stabilization Fund) to remedy a serious disturbance in the economy.
All EUR500bn SA.56814 – COVID-19: Measures of the Wirtschaftsstabilisierungsfonds (08.07.20)
Guarantee scheme to cover vouchers issued by travel operators for
cancelled travel packages prior to 8 March 2020.
Tour operators EUR840m SA.57741 - Aid in the form of guarantees on vouchers issued for package tours (adopted under Article 107(2)(b) TFEU)
(31.07.20)
Scheme providing aid in the form of direct grants to compensate public transport companies.
Public transport EUR6bn SA.57675 – COVID-19 - scheme for regional and local public passenger transport (adopted under Article 107(2)(b) TFEU) (07.08.20)
Scheme compensation for revenue losses in the form of direct grants and liquidity support in the form of grants,
loan guarantees, subsidised interest rates and tax deferrals.
Airports Unknown SA.57644 – Covid 19 - German airport scheme (partly adopted under Article 107(2)(b) TFEU) (11.08.20)
Aid in the form of a fund providing liquidity and capital support to enterprises in Bavaria, in the form of (i) guarantees; (ii) subordinated loans; (iii) recapitalisation instruments and hybrid capital instruments.
Medium-sized enterprises
EUR46bn SA.57447 - COVID-19 measures of the BayernFonds (20.08.20)
Scheme to compensate youth hostels, school country homes, youth education centres and family holiday
Holiday accommodation
EUR26m SA.58464 - Covid 19 - Bavarian Assistance Programme to safeguard the Social Infrastructure of Youth Hostels, School Country Homes, Youth Education Centres and Family
https://ec.europa.eu/competition/state_aid/cases1/202036/285252_2186229_52_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202036/285252_2186229_52_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202032/287255_2178558_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202032/287255_2178558_45_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287584_2180796_60_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287584_2180796_60_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202033/287537_2180954_47_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/286247_2192300_93_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/287839_2193523_64_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/287839_2193523_64_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/287839_2193523_64_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
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Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
centres in Bavaria through direct grants.
Holiday Centres (adopted under Article 107(2)(b) TFEU) (29.09.20)
“Umbrella” scheme allowing the German federal and regional authorities to provide capital support
to enterprises that have been affected by the coronavirus outbreak.
Under the scheme, the support will
take the form of (i) subordinated loans, and (ii) recapitalisation instruments, in particular equity instruments (ie acquisition of newly issued ordinary and preferred shares, or other forms of shareholding) and hybrid capital instruments (convertible bonds and silent participations).
All Approx. EUR3.5bn
SA.58504 - State aid: Commission approves German “umbrella” scheme to enable capital support to enterprises affected by coronavirus outbreak (1.12.20) – Press release
Greece Scheme providing guarantees on loans implemented by the Hellenic Development Bank and co-financed by EU structural funds. Modified to increase budget and extend scope to subsidise guarantee premiums for loans.
All EUR2.25bn SA.56857 – COVID-19: Capped business loans portfolio guarantees for new work ing capital loans in the current COVID-19 outbreak (03.04.20) Amendment: SA.57048 – Amendment of the Capped Business Loan's Portfolio Guarantees for New Work ing Capital Loans for the period until 31 December 2020 (30.04.20)
Scheme providing repayable advances to companies having temporary financial difficulties.
All EUR2bn SA.56815 – Greek COVID-19 measure – Repayable Advance Scheme (RAS) for enterprises affected by the COVID-19 outbreak (07.04.20)
https://ec.europa.eu/competition/state_aid/cases1/202040/287839_2193523_64_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/ip_20_2256https://ec.europa.eu/competition/state_aid/cases1/202016/285306_2149018_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285306_2149018_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285306_2149018_39_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285579_2152717_68_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285579_2152717_68_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202018/285579_2152717_68_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285255_2146396_72_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285255_2146396_72_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202015/285255_2146396_72_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Modified to increase budget and extend scope.
Amendment: SA.58047 – COVID-19 - Amendment to SA.56815 Repayable Advance Scheme (31.07.20)
Amendment: SA.59069 – State aid: Commission approves modified €3.5 billion Greek repayable advances scheme to support companies affected by coronavirus outbreak (27.11.20) – Press release
Scheme providing repayable advances.
SMEs EUR1.2bn SA.56839 – Greek COVID measure: support to SMEs loan obligations (08.04.20)
Scheme providing support in the form of direct grants.
Floriculture primary production sector
EUR10m SA.57194 – COVID-19: Aid in the form of direct grants in the floriculture sector under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (05.05.20)
Scheme providing aid in the form of direct grants as compensation to self-employed.
Self-employed EUR500m SA.57165 – Wage subsidies to self-employed under the Temporary Framework to support the economy in the current COVID-19 outbreak (11.05.20)
Various schemes providing grants to support companies active in agricultural and related markets.
Primary agriculture, producers, open air market sellers and livestock
EUR51m SA. 58029 - COVID-19: ‘State aid support to primary sector farmers, producers and open air markets’ sellers under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak ’, SA. 58048 - COVID-19: ‘State aid support to the sheep and goat farming primary sector under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak ’ and SA. 58069 - ‘State aid support to the asparagus primary production sector the under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak ’ (23.07.20)
https://ec.europa.eu/competition/state_aid/cases1/202032/287220_2179022_88_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202032/287220_2179022_88_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2252https://ec.europa.eu/competition/state_aid/cases1/202016/285303_2147455_84_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285303_2147455_84_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285830_2153821_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285830_2153821_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285830_2153821_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202019/285830_2153821_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285919_2155477_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285919_2155477_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202020/285919_2155477_66_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202030/287192_2175840_31_2.pdf
Covid-19 coronavirus update: EC State aid decisions | December 2020
28 © Allen & Overy LLP 2020
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme providing support in the form of direct grants in the region of Central Macedonia.
SMEs EUR150m SA.58367 - Covid19: work ing capital for very small and small enterprises in the region of central Macedonia (28.08.20)
Scheme to support micro and small enterprises through direct grants for working capital in 12 affected regions.
Micro and small enterprises
EUR1.5bn SA.58616 - COVID-19: work ing capital for micro and small enterprises in 12 greek regions (28.09.20)
Scheme providing support in the form of subsidised loans, financed with the resources of the Greek Infrastructure Fund.
Tourism, transport, construction and energy
EUR450m SA.58368 - COVID-19: Work ing Capital and Investment Loan Scheme by the Greek Infrastructure Fund (19.10.20)
Scheme providing support in the form of direct grants.
Vegetable producers
EUR49.6m SA.58929 - COVID-19: Support of the primary sector in the production of “Kalamon” table olives, early watermelon of low coverage and spring potatoes, and, in Crete, greenhouse crops of tomatoes, cucumbers and eggplants (19.10.20)
Scheme providing aid in the form of direct grants to support cultural activities in the Municipality of Athens.
Micro and small companies in the cultural sector
EUR7.7m SA.59033 COVID-19 – Aid for cultural activities in the Municipality of Athens (28.10.20)
Hungary Scheme providing support in the form of direct grants adjusted to the volume of the investment made by the beneficiary.
Amended to extend duration and increase budget.
Medium and large enterprises active in defined sectors
EUR140m SA.56926 – Aid measures for increasing competitiveness of undertak ings in relation with the COVID-19 outbreak (08.04.20)
Amendment: SA.59306 – COVID19: Modifications to SA.56926, SA.56994, SA.57121, SA.57064, SA.57198, SA.57329, SA.57269, SA.57285, SA.57468, SA.58202 (10.11.20) – Press release
https://ec.europa.eu/competition/state_aid/cases1/202036/287685_2184749_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202036/287685_2184749_43_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/288136_2192301_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202040/288136_2192301_36_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202043/287686_2200303_92_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202043/287686_2200303_92_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202043/288603_2199704_73_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202043/288603_2199704_73_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202043/288603_2199704_73_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202043/288603_2199704_73_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202044/288762_2202434_57_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202044/288762_2202434_57_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285401_2148079_27_2.pdfhttps://ec.europa.eu/competition/state_aid/cases1/202016/285401_2148079_27_2.pdfhttps://ec.europa.eu/commission/presscorner/detail/en/mex_20_2074
Covid-19 coronavirus update: EC State aid decisions | December 2020
© Allen & Overy LLP 2020 allenovery.com
Jurisdiction State aid measure Sector/specified beneficiary
Value of total aid package
Decision
Scheme financed from EU Structural Funds to support companies in temporary financial difficulties.
Amended to extend duration and increase budget.
All EUR1bn SA.56994 – Scheme financed from Structural Funds for enterprises in temporary financial difficulties due to the COVID-19 (17.04.20)
Amendment: SA.59306 – COVID19: Modifications to SA.56926, SA.56994, SA.57121, SA.57064, SA.57198, SA.57329, SA.57269, SA.57285, SA.57468, SA.58202 (10.11.20) – Press release
Wage subsidies support scheme for researchers and developers in all affected sectors.
All EUR88m SA.57007 – COVID-19 - Employment scheme for supporting the employment of researchers and developers in all sectors affected by coronavirus outbreak (17.04.20)
Scheme providing support through guarantees issued by: (i) the semi State-owned Garantiqa Credit Guarantee Company Ltd. on loans up to EUR14m; and (ii) the State-owned MFB Ltd. on loans up to EUR28m.
Amended to extend duration and increase budget.
All EUR1.5bn SA.57121 – Loan guarantee scheme under the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (28.04.20)
Amendment: SA.59306 – COVID19: Modifications to SA.56926, SA.56994, SA.57121, SA.57064, SA.57198,
SA.57329, SA.57269, SA.57285, SA.57468, SA.58202 (10.11.20) – Press release
Support in the form of (i) direct grants; (ii) guarantees on loans, and (iii) subsidised interests for loans.
Amended to extend duration and increase budget.
All EUR900m SA.57064 – COVID-19: Grants, guarantee and subsidised interest measures (29.04.20)
Amendment: SA.59306 – COVID19: Modifications to SA.56926, SA.56994, SA.57121, SA.57064, SA.57198,
https://ec.europa.eu/competition/state_aid/cases1/202017/285491_2149570_32_2.pdfhttps://e