Is ERDF de minimis?
Is ERDF de minimis?
Yes, where ERDF activity is operating in line with the De Minimis Regulation (EU No 1407/2013) or under the provisions of the UK umbrella scheme COVID-19 Temporary Framework for UK Authorities notified as part of the EU Temporary State Aid Framework.
What does the ERDF do?
The European Regional Development Fund (ERDF) aims to strengthen economic, social and territorial cohesion in the European Union by correcting imbalances between its regions.
Are ERDF grants taxable?
Grants are generally taxable income, the same as any other income arising in your trade.
What is the de minimis state aid limit?
€200K
The de minimis regulation recognises that some State Aids are too insignificant in size to be a concern. The limit for de minimis is €200K over any rolling three year period for any one business.
What is state aid law?
1. State Aid law is the means by which tax-payer funded subsidies to businesses are regulated. It applies to all public subsidies awarded across the European Union and European Free Trade Area.
Can ERDF support retail?
The general principle is that improved performance for one retail facility is regarded as displacing similar activity elsewhere. Nevertheless, ERDF can be used to support the business growth and low carbon needs of retail businesses as part of projects that are not exclusively targeted at the retail sector.
When will the ERDF state aid list of projects be updated?
ERDF State Aid list of projects has been updated on 17 March 2021. The ERDF State Aid Law Guidance has been updated to version 4 on 23 October 2020. Version 3 – updating the guidance following permanent changes to the regulations introduced as a result of COVID response measures (CRE).
What is the guidance on state aid for the ESF?
The European Social Fund 2014 – 2020, Guidance on State Aid has been updated as follows: Section 2, New – Identifying whether State Aid is present. Section 4, Revised – General Block Exemption Regulation (GBER). Removal of Groups Not Included (previously 4.1). Section 5, Revised – What GBER covers in ESF to include Scheme numbers.
When will the ERDF programme finish?
The ERDF programme continues to invest in projects after the transition period ended on 31 December 2020. All funding must finish by the end of 2023. Read more on the European Structural and Investment Funds.
Are ererdf and ESF still investing in projects?
ERDF and ESF programmes continue to invest in projects after the transition period ended on 31 December 2020. All funding must finish by the end of 2023. Read more on the European Structural and Investment Funds.
