Commission launches new state aid rules for R&D
The European Commission adopted on Wednesday new rules that hope to facilitate the granting of aid measures by Member States in support of research, development and innovation activities.
“These guidelines are one of the most important pieces of the State modernisation Strategy launched in May 2012 and they constitute an excellent example of what we can consider as a good state aid that contributes to a sustainable growth path by providing what the market fails to deliver on its own to improve competitiveness and productivity.” EU Competition Commissioner Joaquin Almunia said.
The new plan sets out the conditions under which Member States can grant state aid to companies and widens the scope of measures that no longer need to be notified to the Commission for prior approval. These new rules hope to help Member States reach the targets of the Europe 2020 Strategy for smart, sustainable and inclusive growth, while at the same time limiting distortions in the Single Market.