State aid: Commission approves €35 million Portuguese scheme to support micro, small and medium-sized enterprises in Azores region in context of coronavirus outbreak
The European Commission has approved a €35 million Portuguese scheme to support micro, small and medium-sized enterprises with head offices or permanent establishments in the region of the Azores in the context of the coronavirus outbreak. The scheme, called “Apoiar.PT Açores”, is open to companies from sectors most severely affected by the economic impact of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. Under the scheme, the public support will take the form of direct grants. The scheme will be open to companies that have experienced a 25% fall in turnover in the first three quarters of 2020 compared to the same period in 2019. The aid will correspond to 20% of the lost turnover, with a maximum amount of €7,500 for micro companies, €40,000 for small companies and €100,000 for medium-sized ones. The Commission found that the Portuguese scheme is in line with the conditions set out in the Temporary Framework. In particular, (i) the support will not exceed €1.8 million per company; and (ii) the aid will be granted before 30 June 2021. The Commission concluded that the measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions set out in the Temporary Framework. On this basis, the Commission approved the measure under EU State aid rules. More information on the Temporary Framework and other actions taken by the Commission to address the economic impact of the coronavirus pandemic can be found here. The non-confidential version of the decision will be made available under the case number SA.61758 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved.
