| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/1653 (21.12.05) |
| Publication Date | 21/12/2005 |
| Content Type | News |
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The European Commission has adopted new regional aid Guidelines under the EC Treaty state aid rules. These Guidelines will apply from 2007 to 2013, the same period as for the next programming period for EU structural funds. The Guidelines set out the rules for allowing state aid which promotes the development of poorer regions, covering aid such as direct investment grants and tax reductions for companies. The Guidelines specify rules for the selection of regions which are eligible for regional aid, and define the maximum permitted levels of this aid. In line with EU cohesion policy and European Council requests for less and better targeted state aid, the new Guidelines re-focus regional aid on the most deprived regions of the enlarged Union, while allowing for the need to improve competitiveness and to provide for a smooth transition. |
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| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1653&format=HTML&aged=0&language=EN&guiLanguage=en |
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| Subject Categories | Internal Markets, Politics and International Relations |
| Countries / Regions | Europe |
