Revised State Aid Rules

Revised State Aid Rules

The European Commission has adopted an amendment of the so-called ‘de minimis’ regulation for the fishery and aquaculture sector (‘Fishery de minimis Regulation‘), which includes the following changes:

• The increase in the maximum limit of state aid that a company can receive over three years, from €30,000 to €40,000;
• Only the primary production of fishery and aquaculture products will remain covered by the Fishery de minimis Regulation, whereas the processing and marketing of such products will be covered by the General de minimis Regulation;
• The recalculation of the maximum cumulative amounts of de minimis aid that can be allocated per Member State;
• Certain operations excluded from the scope of the Fishery de minimis Regulation will exceptionally be allowed for the EU’s outermost regions, in order to facilitate the modernisation of small vessels and address, among other things, safety concerns in these regions;
• The extension of the validity of the revised Fishery de minimis Regulation until 31 December 2029.

More information at: State aid (europa.eu)