The European Commission has expanded the State Aid Temporary Framework for the second time – how do the updated temporary measures support the economy?
Although ongoing challenges posed by COVID-19 paint a bleak economic picture, updates to certain state aid rules will now allow European Member States to provide additional support to businesses in their efforts to protect the economy.
In summary, European state aid rules continue to apply to the UK and have been updated so as to enable European Member States to provide further support measures in light of COVID-19.
Here, we provide an overview of recent updates to the State Aid Temporary Framework.
If you have any questions in relation to the SATF, or how MacRoberts can assist you, please get in touch with a member of our team.