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Small and Medium-Sized Enterprises in International Economic Law$
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Thilo Rensmann

Print publication date: 2017

Print ISBN-13: 9780198795650

Published to Oxford Scholarship Online: June 2017

DOI: 10.1093/acprof:oso/9780198795650.001.0001

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Support of Small and Medium-Sized Enterprises under European State Aid Law

Support of Small and Medium-Sized Enterprises under European State Aid Law

(p.216) 8 Support of Small and Medium-Sized Enterprises under European State Aid Law
Small and Medium-Sized Enterprises in International Economic Law

Ilan Sherr

Katrien Miclotte

Rebecca Fawcett-Feuillette

Oxford University Press

Small and medium-sized enterprises (SMEs) play a crucial role in the economic development strategy of the European Union. However, while SMEs are important for job creation and economic development, the Commission has highlighted that they often encounter problems accessing finance and necessary information. In order to address certain market failures which impact SMEs most significantly, SMEs now have a favoured status under the state aid rules. The most important and recent changes are a consequence of the Commission’s state aid modernization (SAM) reform package. As part of the SAM package, the Commission has adopted ten guidelines and five regulations to render existing state aid control instruments and procedures more efficient. This chapter gives a brief but practical overview of those new guidelines and regulations and highlights the core principles that need to be taken into account when assessing aid possibilities for SMEs.

Keywords:   state aid, small and medium-sized enterprises state aid modernization, general block exemption regulation, de minimis regulation, research and development and innovation aid, restructuring aid, environmental aid, regional aid

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