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Commission approves €40 million Finnish direct grant for agriculture and fishery

Christian Fernsby |
The European Commission has approved two Finnish schemes, with a total budget of €40 million, to support the agricultural and fishery sectors in the context of the coronavirus outbreak.

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Topics: FINNISH    AGRICULTURE   

Finland notified to the Commission under the amended Temporary Framework two schemes to support companies active respectively in primary agricultural production and in the fishery and aquaculture sector that are affected by the coronavirus outbreak.

The support takes the form of direct grants and the schemes have an estimated total budget of €40 million (€30 million for agriculture and €10 million for fishery and aquaculture).

The aim of the schemes is to help these businesses cope with the liquidity problems brought about by the coronavirus outbreak by covering part of their salary, rent and other vital operating expenses necessary to continue their activities.

The Commission found that the Finnish measures are in line with the conditions set out in the Temporary Framework. In particular, under the schemes the maximum amount of aid that can be granted does not exceed €100,000 for undertakings active in primary agricultural production or €120,000 for undertakings active in fishery and aquaculture.

The Commission concluded that the measures are 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 scheme under EU State aid rules.


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