State aid: Commission approves €58 million Italian scheme to support manufacturing companies in the context of Russia's war against Ukraine
Daily News 27 / 10 / 2022
Source: European Commission Spokesperson's Service
The European Commission has approved a €58 million Italian scheme to support manufacturing companies in the context of Russia's war against Ukraine. The scheme was approved under the State aid Temporary Crisis Framework adopted by the Commission on 23 March 2022 and amended on 20 July 2022. The measure will be open to manufacturing companies having an operative branch established before 1 February 2021 in the region of Campania. Under the scheme, the aid will take the form of direct grants. The aid amount per company will be calculated based on the difference between the average unit energy costs (kWh) in 2022, compared to 2021. In order to be eligible, a company must report an increase of the total energy costs of at least €5,000. The measure aims at supporting the liquidity needs of the eligible beneficiaries affected by the socio-economic consequences of the current geopolitical crisis. The Commission found that the Italian scheme is in line with the conditions set out in the Temporary Crisis Framework. In particular, the aid (i) will not exceed €500,000 per company; and (ii) will be granted no later than 31 December 2022. The Commission concluded that the Italian 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 Crisis Framework. On this basis, the Commission approved the aid measure under EU State aid rules. More information on the Temporary Crisis Framework and other actions taken by the Commission to address the economic impact of Russia's war against Ukraine can be found here. The non-confidential version of the decision will be made available under case number SA.104460 in the State aid register on the Commission's competition website once any confidentiality issues have been resolved.