State aid: Commission approves Estonian €10.6 million scheme to support companies active in cultural and sport sectors in context of coronavirus outbreak
Daily News 14 / 06 / 2021
Source: European Commission Spokesperson's Service
The European Commission has approved a €10.6 million Estonian scheme to support companies active in the cultural and sport sectors affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework.
Under the scheme, the aid will take the form of direct grants to cover the costs incurred by the beneficiaries for restructuring their business, in order to operate under the restrictive and precautionary measures that the Estonian government had to implement in order to limit the spread of the virus.
Eligible for aid are only restructuring costs directly related to the prevention of the coronavirus outbreak and/or to the operation of the beneficiary's activities under the restrictions imposed by the government. The Commission found that the Estonian scheme is in line with the conditions set out in the Temporary Framework. In particular, the aid (i) will not exceed €1.8 million per company, and (ii) will be granted no later than 31 December 2021. The Commission concluded that the scheme 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 scheme 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.63164 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.