On 12 May 2020, the European Commission approved an ?11.5 million state aid scheme to support investments in the production of coronavirus-related products such as vaccines, personal protective equipment, and ventilators.
Undertakings operating in sectors related to the production or the diversifying of products related to the coronavirus outbreak may benefit from this scheme through direct grants, repayable advances, and tax advantages. However, beneficiaries must complete investments projects in this regard within six months after receiving the aid.
The scheme was approved under the State aid Temporary Framework that was put into effect on 19 March 2020.
Originally published Tuesday, 19 May 2020
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