ENGLISH PROPERTY SCHEME 2008-13 1. Member State United Kingdom 2. Region All regions in England or [insert Name] 3. Title of aid scheme The English Property Scheme 2008-13 [insert Name of region if required] 4. Government or statutory bodies authorised to implement the Scheme The implementing bodies are:
English Regional Development Agencies Homes and Community Agency1 Urban Development Corporations District, County and Unitary local authorities in England
The implementing bodies have a number of statutory functions, including furthering the economic development and regeneration in England’s regions and local authority areas. 5. Legal basis The legal basis of the scheme is:
Regional Development Agencies Act 1998 Local Government, Planning and Land Act 1980 Leasehold Reform, Housing and Urban Development Act 1993 Local Government Act 2000 Housing and Regeneration Act 2008 The Public Contracts Regulations SI 2006 No 5 European Communities Act 1972 and European Communities (Finance) Act 20082
6. Duration Aid under this scheme may be granted until 31 December 2013. 7. Basis of scheme •
1 2
Commission Regulation No 800/2008 of 6 August 208 declaring certain categories of aid compatible with the common market in application of Articles 87 and 88 of the Treaty (General block exemption Regulation) As such, the Scheme is exempt from the notification requirement of Article 88(3), provided that any aid awarded under the Scheme fulfils the relevant conditions of the Regulation.
From December 2008 Associated legislation Treaty of Accession of the United Kingdom to the European Communities
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•
State aid N 673/2006 – United Kingdom - Regional aid map 2007-2013, which is compatible with the EC Treaty as it fulfils the conditions as stipulated in the Guidelines on national regional aid for 2007-2013. This map is valid from 1 January 2007 until 31 December 20133.
•
Council Document 10917/06 adopted on 15/16 June 2006 Renewed EU Sustainable Development Strategy.
•
Commission Communication the Action Plan for Energy Efficiency: Realising the Potential (COM(2006) 545).
•
Commission Regulation (EC) No1628/2006 on the application of Articles 87 and 88 of the Treaty to national regional investment aid for XR22/2007 Regional Investment Aid Scheme for Speculative and Bespoke Developments.4
•
Commission Recommendation C20031422/361/EC, on the new definition for small and medium-sized enterprises5, (Official Journal L124, 20.5.2003).
8. Exclusions This scheme will primarily be aimed at the property development sector and may be used to aid bespoke property developments for companies in all sectors other than those listed below6: • • • • • •
Fisheries and aquaculture, other than aid for research and development and innovation, risk capital, training and aid for disadvantaged or disabled workers Shipbuilding Coal industry, other than aid for research and development and innovation, training and environmental aid Steel industry Synthetic fibres Primary production of agricultural products (listed in Annex 1 of the Treaty; cork products under CN codes 4502, 4503, 4504; products used to substitute for milk/milk products).
This scheme also does not apply to: • • • •
3
export aid or aid that favours domestic over imported products; aid financing the establishment and financing of distribution networks in other countries; undertakings in difficulty7, other than SMEs that have been incorporate for less than 3 years unless they are insolvent under UK legislation8; any beneficiary subject to an outstanding recovery following a previous Commission declaring aid illegal.
Details of the Assisted Areas in GB map and coverage and intensity ceilings. This scheme also builds on Commission Decision on schemes N747a/99 and N747b/99 - ‘Support for speculative developments’ and ‘Support for bespoke developments.’, which along with the Scottish Property Support Scheme XS 51 2007 and XR/07/2007 and The Welsh Property Development Grant XR 50/2007. 5 Explained in OffPAT Learning Centre What is an SME e-course 6 Further information on these sensitive industrial sectors are in the Multisectoral framework 7 As set out in Commission Guidelines on State aid for rescue and restructuring firms in difficulty OJ C 244 1.10.2004 8 For more information go to The Insolvency Service at http://www.insolvency.gov.uk/ Version2 10 12 2008 -24
9. Objectives of the scheme The objectives of the English Property Scheme are to: • support the development of premises and buildings for industrial and
commercial purposes by the private sector, including those elements in mixed use projects. Such development can involve the construction of new buildings and/or the renovation and conversion of existing ones.
In doing so to: • provide environmentally sustainable buildings that make efficient use of
natural resources and are energy efficient; and
• create new employment within 3 years of completion of the above
investment; lead to a net increase in the number of employees compared to the previous 12 months; and the employment to be maintained for a minimum of 3 years for SMEs or 5 years for large enterprises.
10. Mechanism for granting of aid under the scheme The implementing bodies will use the Regional Investment, SME and Environmental aid instruments in the GBER, within their maximum aid intensities, to provide, at their discretion, an amount of aid that is the minimum necessary for selected property development projects to go ahead. Implementing bodies will only provide “gap funding” to bridge the gap, wholly or in part, between the estimated cost of a property development project and its market value on completion. As such the aid provided under this scheme meets the Commission’s incentive effect. Aid will only be provided in situations where there is evidence of a market failure. Market failures may include situations where the estimated development costs of the property exceed the estimated value on completion (externality) or, where uncertainty in forecasting future market outcomes prevents property development.9 In addition the implementing bodies will ensure that: • no aid is provided for a project where work for the project started
before an application was received, appraised and an offer made by them.
• the appraisal confirms that the project would not have been carried out
as such, to the size, scope, timing without the aid.
The property development projects to be funded under this scheme can be selected in two ways:
9
•
Implementing bodies can initiate the development of property they own in support of their strategic objectives. These development proposals will normally be sought by public tender. Proposals will be assessed against design, price and other criteria specified in a development brief.
•
Proposals can also be submitted to the implementing bodies by property developers or end users interested in the development of a specific property. Where the property is within the ownership or control of a private developer or end-user and where therefore the use of a public tendering procedure for selecting the proposals is not possible, proposals submitted by a developer or
For more examples of market failures see OffPAT Market Failures Information Note 01/2008
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end-user are appraised by the implementing bodies against their programme and project rules in order to decide whether to grant the aid or not. For the purpose of implementing this scheme, projects can be classified into two categories: •
Bespoke developments for known end users where the aid is paid to the developer who undertakes the work.
•
Speculative developments where the aid is to the developer who initiates the project and there is no specified end user. The developer is free to rent or sell the premises thus subsidised.
In each case, an independent Chartered Surveyor will ensure that the developer’s estimated costs are at normal market levels. 11. Scope of the scheme The scheme will operate throughout England or [insert Name]. All applications for investment assistance will be subject to rigorous appraisal by the implementing body to ensure propriety and value for money with priority given to projects that support its strategic objectives and are based in areas of the greatest need that deliver the best value outcomes. The appraisal process provides an element of competition for resources between applicants. Under this scheme aid will only be provided using the following aid instruments: •
Regional investment aid within the English Assisted Areas, as set out in the approved Assisted Areas Map for GB, for firms of all sizes to undertake both speculative and bespoke property developments.
•
SME aid will be limited to development projects in which the developers are SMEs.
•
Environmental aid for firms of all sizes in both bespoke and speculative developments in any location.
The aid exempted in this scheme may be cumulated with any other aid under the General Block Exemption Regulation as long as those aid measures are for different identifiable, eligible costs. It may not be cumulated with any other aid exempted under the GBER or de minimis aid or Community funding for the same eligible costs if that would result in exceeding the highest aid intensity or aid amount applicable. 12. Forms of aid Aid for property development projects funded under this scheme may take the following form: •
Grants for the development, redevelopment or improvement of land and buildings for business, industrial or commercial uses The grant will support the development of land and buildings for business, industrial or commercial uses. This includes construction of new buildings, conversion for new uses of existing buildings and improvement or adaptation of business premises to meet modern standards provided development profit is not included in the eligible costs. Mixed use developments may be supported where the residential element forms a minor part of the overall project e.g. less than 10%.
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The development grant will be a “gap funding” grant sufficient to allow the project to proceed. The maximum award for any project will normally be the gap between the total eligible costs and the estimated market value. In all cases the award shall not exceed the relevant aid intensity ceilings calculated against the eligible costs. The implementing bodies will ensure that that the aid awarded will be the minimum necessary to allow a project to proceed. Applicants for aid will be asked to demonstrate that the level of aid sought is the minimum required to allow a project to proceed. Grants for the selected projects will generally be made only on condition that all development expenditures are competitively tendered, where applicable in accordance with the EC public procurement regulations. Where competitive tender is not possible, an independent Chartered Surveyor will verify that the costs do not exceed market levels. Aid awarded will not be greater than the gap between the eligible costs and the value of the development on completion, as determined by an independent Chartered Surveyor i.e. who has no relationship with the project developers of promoters. The aid awarded will be the lower of the gap or the aid intensity. •
Loans Assistance may be provided for a project that is commercially viable and therefore capable of being funded but where the developer is able to evidence that short term funding/credit is not available e.g. where the developer does not have a sufficient track record or insufficient collateral security to attract commercial lenders. Where the implementing body is the funder of last resort it may consider either a transparent repayable loan or an interest rebate for loans provided by commercial lenders to be more appropriate than a grant. For interest on a loan this is subject to an independent Accountant’s certification that the loan is on commercial market terms to the borrower. In these cases the implementing body should charge the beneficiary a fully commercial rate of interest. If the extra interest is likely to push the project back into deficit then consideration may be given to combining the loan with a small grant to restore a reasonable prospect of profit. If the implementing body provides a loan on non commercial rates of interest then it must comply with the following conditions: o the maximum period of the loan may not exceed 3 years; o the size of the loan should not exceed 10% of the overall project cost; o for low interest loans, the minimum interest rate should be set at the
London InterBank Offer Rate (LIBOR) minus 1%; o interest rebates may not be granted; o repayment of the loan may, at the implementing body’s discretion, be
suspended for a maximum period of 12 months. The gross grant equivalent of the investment aid in the form of a loan must be calculated on the basis of the reference rate prevailing at the time of the grant. Aid can be made available to meet part of the developer’s loan interest but not for any tax or rate liabilities, during the period when the property remains vacant or unsold. •
Development financing aid This will be in the form of a conditional grant, provided in situations where financing for a project is not available because of uncertainty about the shortterm prospect of securing an occupier for the completed development. The maximum amount of aid will not exceed the threshold ceilings or the
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equivalent of the cost of financing a rental void period in keeping with normal commercial practice, excluding any tax or rate liabilities, and in any case will not exceed the applicable aid intensity ceilings. •
Development services The implementing body may procure services to support a property development project without charge or at lower than cost. The aid is the difference between the cost of the services and the amount charged.
13. Maximum aid intensity and notification thresholds Each award of aid will respect the relevant aid intensity ceilings stipulated in the GBER aid instruments, depending on the location and status of the aid recipient: The maximum investment aid intensities permitted for the GBER aid instruments are set out in the following table: Maximum % aid intensity levels for: Aid Measure
Large Enterprises
Medium Enterprises
Small Enterprises
15-25%
+10%
+20%
Notification thresholds (€)
REGIONAL AID Regional Investment and Employment GBER Section 1
(depending on applicable regional aid cap for area in question see below1)
Large investment projects where there is an initial single investment10 in capital assets at or above €50m. Sum greater than 75% of maximum allowable grant sum in respect of eligible costs of €100m in area in question (e.g. in area subject to 10% regional aid cap €7.5m)
Non Assisted Areas
-
10%
20%
1
Details of the areas are in State Aid N673/2006 UK Corrigendum Regional Aid Map 2007-13 2 Note this is 30% until 2010 when the position will be re-visited AID FOR SME INVESTMENT AND EMPLOYMENT SME Investment and Employment GBER Section 2
N/A
10%
20%
45%
55%
€7.5m per undertaking per investment project
ENVIRONMENTAL AID MEASURES Environmental Protection Investment Beyond
10
35%
€7.5m per undertaking
A single investment project is when the initial investment is undertaken within a period of three years by the same undertaking or undertakings and consists of fixed assets combined in an economically indivisible way. Version2 10 12 2008 -6-
Maximum % aid intensity levels for: Community Aid Measure Standards GBER Section 4 Energy Saving Measures if net of operating benefits
not net of operating benefits
Notification per thresholds investment (€) project
60%
20%
70%
30%
80%
40%
€7.5m per undertaking per investment project €7.5m per undertaking per investment project
High Efficiency Cogeneration
45%
55%
65%
Environment al investment aid for the promotion of energy from renewable energy sources
45%
55%
65%
Where funding sought from all public sources exceeds the above thresholds it must be separately notified to and obtain permission from the Commission prior to any aid being approved or granted. 14. Eligible costs and conditions All eligible costs must be transparent and directly and exclusively related to the project. Eligible costs are the extra investment costs to develop tangible and intangible assets. The eligible costs for bespoke and speculative development projects include:
11
Purchase price of land and/or property at market value Professional fees (such as legal expenses, design fees) Site investigation and preparation, remediation and decontamination11 Provision of infrastructure (utilities, roads etc) and landscaping Construction or refurbishment of buildings, including plant, equipment and fitting out Extra cost for meeting environmental standards above UK Building Regulations Planning obligations Initial investment12 costs Irrecoverable VAT Finance charges taking account of any savings due to grant provision Development fee, at the discretion of the implementing body (but not to owner), based on the type and scale of development, its risks, the market
Costs and intensity ceilings are the same as PSR Land Remediation N385/2002, prolonged in N221/2006 Commission Regulation (EC) No 1628/2006 Article 4 and Article 2 (c) Version2 10 12 2008 -712
conditions and an appropriate return on capital, as determined by competition or by an independent Chartered Surveyor. For the aid instruments the following conditions apply Regional Investment Aid applies to project investment in tangible assets and/or in intangible assets in Assisted Areas, other than those owned by the implementing body. In this case the aid will be calculated as a percentage of eligible expenditure. large enterprises – aid can only be given within the Assisted Areas and within the intensity as set out in State Aid N673/2006 UK Regional Map 2007-13. property owner or developer (speculative) or owner or beneficiary (bespoke) must provide a minimum financial contribution of at least 25% of eligible project costs, either through its own resources or by external financing, in a form which is free of any public support; Lease of land and buildings only where the lease continues after the anticipated completion date for o SMEs 3 years o large enterprises 5 years; and the resulting asset must be retained from the date of the completion of the investment for the purpose the aid was provided for: o SMEs 3 years o large enterprises 5 years. Environmental Protection Aid is provided in support of the scheme objectives and the European Union and the UK government’s policy on sustainable development to deliver environmentally friendly buildings above the standards required under European standards and the UK UK Building Regulations the development costs will cover those relevant to the lifetime of the building. All projects that require aid must achieve a recognised environmental accreditation standard e.g. BREEAM, CEQUEL and seek to achieve excellent ratings for new developments or very good for refurbishment unless there are sound reasons these cannot be achieved. Using accredited standards allows the extra investment in environmental protection to be identified and meets the requirements to establish the costs against the counterfactual situation. It applies to investment in tangible or intangible assets that will enable the beneficiary to increase the level of environmental protection above or in the absence of applicable Community standards without taking into account of operating costs and benefits. Environmental protection is action designed to: • remedy or prevent damage to physical surroundings or natural resources by
beneficiary’s own activities13
• reduce risk of such damage or to lead to a more efficient use of natural
resources, including energy-saving measures an the use of renewable sources of energy (wind, solar, geothermal, wave, tidal, hydropower installations, biomass, landfill gas, sewage treatment plant gas and biogases)
Energy saving eligible costs are to be calculated net of any operating costs and benefits related to the extra investment for energy saving during the first years of the life of the investment for: • SMEs – 3 years • Large enterprises not part of the EU CO2 Emission Trading System – 4 years14 • Large enterprises part of the EU CO2 Emission Trading System – 5 years10 13
Subject to compliance with the Polluter Pays Principle - European Directive (2004/35/CE) on Environmental Liability with regard to thePrevention and Remedying of Environmental Damage Version2 10 12 2008 -8-
These eligible cost calculations are to be certified by an external auditor. Cogeneration eligible costs include the extra investment costs necessary to realise a high efficiency cogeneration plant as compared to reference investment and must make overall primary energy savings compared to separate production15 Energy from renewable sources eligible costs are the extra costs compared with a conventional power plant or heating system with the same capacity in effective production of energy. Calculated 15. Clawback and Overage The public investment in the development of a property must be protected and it must be retained for the use agreed at the time the investment was made and for the time periods identified above. During this period plant and equipment that has become outdated may be replaced, provided that the economic activity is retained in the region for the minimum period. The funding agreement will stipulate the right for the granting authorities to seek repayment in the event of breach of the conditions of the award; and where the costs are lower than projected, and market values are higher than projected on practical completion. The specific conditions will follow the principles in the UK government’s Managing Public Money16 and DAO(GEN) 07/05 – Clawback: Disposal of publicly funded assets. 16. Administration There is no defined budget for aid under the scheme. Each implementing body, at its discretion, will grant fund projects from its annual programme budget that support its own published corporate or business plan and value for money criteria. or The maximum annual budget for this scheme shall be £[insert value]m. When using this scheme and ensure compliance with the GBER rules the implementing body will communicate its usage to the Commission so that it can be published in the Official Journal of the European Union by providing the summary information required in the GBER Annex III Part I and II; for large investment projects Annex II would also be completed. The information will be provided using the State Aid Notification Interactive (SANI) system within 20 working days of its effective date. This notice of the details of the scheme shall be published on the [insert Name] website: http://www.[insert details] The [insert Name] will ensure that detailed records are kept of the individual aid granted under this scheme. As a minimum this should include the • scheme title • Commission block exemption reference number • the decision date 14
Where the depreciation time of the investment can be demonstrated not to exceed 3 years this may be reduced to 3 years. 15 As provided by Directive 2004/EC and Decision 2007/74/EC 16 Chapter 5 and Annex 5.2. Version2 10 12 2008 -9-
• • • •
the name and address of recipients the amount of aid and evidence of gap calculations the date and amount of aid payments the status of any undertaking where the level of aid is dependent on its status as an SME17.
The records will be kept for 10 years from the date of the last payment. The implementing body will provide the Commission with an annual report of expenditure under this scheme, including the internet address of its publication. If the Commission requests information necessary for it to assess whether the aid conditions have been complied with the funding body will provide it within the agreed time period.
17
The SME model declaration can be found at http://eur-lex.europa.eu/LexUriServ/LexUriServ.do? uri=OJ:C:2003:118:0005:0015:EN:PDF Version2 10 12 2008 - 10 -
APPENDIX 1 GLOSSARY OF TERMS Aid intensity: is the amount of aid expressed as a percentage of the eligible costs. In calculating it all figures used should be taken before any deduction of tax or other charge. Aid payable in instalments must be discounted to its value at the moment of granting using the applicable Commission Reference Rates Assets:
Tangible land, buildings, and plant, machinery and equipment, including investments in land, buildings, plant and equipment intended to reduce or eliminate pollution and nuisances Intangible assets entailed by the transfer of technology through acquisition of patent rights, licences, know-how or unpatented technical knowledge.
Assisted Area: those areas eligible for regional aid, as determined in the approved GB regional aid map 2007-13. Cumulation rules: The cumulation rules provide that where aid is granted concurrently under several aid schemes, the total value of all the aid must not exceed the aid intensity ceilings. Development of single use and also mixed-use sites provided that any residential element forms a minor part of the overall project. In all cases the developer must have applied for aid before the work is contracted otherwise there is no incentive effect.
Bespoke for new or extended or refurbished premises where the developer will occupy all of the floorspace or where the developer has signed up a purchaser or occupier for all of the floorspace at the time aid is applied for. The aid will cover the works specification including the particular requirements for the known end user. For these projects, as there is less risk, the profit allowance should be substantially lower and where the developer intends to occupy the premises on completion no development profit should be allowed.
Speculative for new or extended premises where there is no known end user (purchaser or occupier) or the floorspace has not been sold or let to a potential purchaser or occupier. The works specification should ensure that the premises are suitable for a range of potential occupiers whilst meeting the relevant BREEAM or equivalent standard.
Energy-saving measures action which enable undertakings to reduce the amount of energy used Gap funding: Gap funding means the provision of public support, in the form of a grant, to bridge the gap between development costs and end value to make a project economically viable. It is typically applied to projects where there is a market failure or in areas that are experiencing deprivation. Gap funding meets the Commission’s incentive test as it is:
only available to projects which have not commenced activities prior to the investment decision
the viability of the project with and without aid has been assessed by the beneficiary and appraised by the public funder
for large enterprises there is a material increase in size or scope of project/activity, a material increase in beneficiary spend or speed of completion.
in Assisted Areas where the project would not have proceeded without the aid.
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Initial Investment: An investment in fixed capital relating to the setting-up of a new establishment, the extension of an existing establishment, or the starting-up of an activity that involves a fundamental change in a product or process of an existing establishment (through rationalisation, diversification or modernisation). Initial investment does not include plant and machinery. Investment (extra) costs for environmental aid: are based on a simplified calculation not taking account of operating costs/benefits over life of the investment, cost savings, or additional ancillary production. Any energy saving costs to be certified by an external auditor. Large investment project: an investment in capital assets with eligible costs of â‚Ź50million calculated at prices and exchange rates on the date the aid is granted. To avoid risk of a project being split account will be taken if the work is undertaken within a period of 3 years by the same undertaking(s) and consists of fixed assets combined in an economically indivisible way (technical, functional, and strategic links and geographical proximity not ownership). Market Value: Market value means the price at which land and buildings could be sold under private contract between a willing seller and an arm's length buyer on the date of valuation, it being assumed that the property is publicly exposed to the market, that market conditions permit orderly disposal and that a normal period, having regard to the nature of the property, is available for the negotiation of the sale. Site Preparation: Site preparation includes site investigation, remediation, reclamation, decontamination and demolition works. Transparent Aid: aid where the gross grant equivalent ex ante can be precisely calculated without the need to undertake a risk assessment
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ANNEX III Form for the provision of summary information under the reporting obligation laid down in Article 9(1) Please fill in the information required below. PART I Aid reference (to be completed by the Commission ) Member State United Kingdom Member State reference number Region Name of the Region Regional aid status19 (NUTS18) Article 87(3)(a) of the Treaty, All English Regions Article 87(3)(c) of the Treaty, mixed areas, areas not eligible for Regional aid. Granting authority Name: Art 87 (3c) Insert own details Address: Insert own details Webpage: http://www. Insert own details Title of the aid The English Property Scheme 2008-13 Insert own details measure National legal basis Regional Development Agencies Act 1998 (Reference to the Local Government, Planning and Land Act 1980 relevant national Leasehold Reform, Housing and Urban Development Act 1993 official publication) Local Government Act 2000 Housing and Regeneration Act 2008 The Public Contracts Regulations SI 2006 No 5 European Communities Act 1972 and European Communities (Finance) Act 2008 Web link to the full text of the aid http://www. Insert own details measure Type of measure
Scheme Ad hoc aid No
Yes Name of the Beneficiary N/A Commission aid number
Prolongation
No
Modification
No
Scheme
30/10/2008 to 31/12/13
Date of granting 21
Ad hoc aid
n/a
Economic sector(s) concerned
All economic sectors eligible to receive aid
All except: • Fisheries and aquaculture, other than aid for research and development and innovation, risk capital, training and aid for disadvantaged or disabled workers
Amendment of an existing aid measure
Duration
20
18
NUTS - Nomenclature of Territorial Units for Statistics Article 87(3)(a) of the Treaty, Article 87(3)(c) of the Treaty, mixed areas, areas not eligible for Regional aid. 20 Period during which the granting authority can commit itself to grant the aid. 21 Aid is to be considered to be granted at the moment the legal right to receive the aid is conferred on the beneficiary under the applicable national legal regime. 19
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• Shipbuilding • Coal industry, other than aid for research and development and innovation, training and environmental aid • Steel industry • Synthetic fibres • Primary production of agricultural products (listed in Annex 1 of the Treaty; cork products under CN codes 4502, 4503, 4504; products used to substitute for milk/milk products).
Type of beneficiary Budget
Aid instrument (Art. 5)
If co-financed by Community funds
Limited to specific sectors - Please specify in accordance with NACE Rev. 2.22 SME Large enterprises Annual overall amount of the budget planned under the scheme23 Overall amount of the ad hoc aid awarded to the undertaking24 For guarantees25
National currency… (in millions) N/a National currency… (in millions) N/a
Grant Interest rate subsidy Loan Guarantee/ Reference to the Commission decision26 Fiscal measure Risk capital Repayable advances
Yes Yes Yes N/a
Other (please specify)
N/a
Reference(s): Insert details if appropriate
22
Yes Yes National currency… (in millions) £insert figure
Amount of Community funding
N/a N/a N/a
National currency… (in millions)
NACE Rev.2 - Statistical classification of Economic Activities in the European Community. In case of an aid scheme: Indicate the annual overall amount of the budget planned under the scheme or the estimated tax loss per year for all aid instruments contained in the scheme. 24 In case of an ad hoc aid award: Indicate the overall aid amount/tax loss. 25 For guarantees, indicate the (maximum) amount of loans guaranteed. 26 Where appropriate, reference to the Commission decision approving the methodology to calculate the gross grant equivalent, in line with Article 5(1)(c) of the Regulation. Version2 10 12 2008 - 14 23
PART II Please indicate under which provision of the GBER the aid measure is implemented. General Objectives (list) Objectives Maximum SME (list) aid intensity bonuses in % in % or Maximum aid amount in national currency Regional investment and employment aid27 (Art. 13) Aid for newly created small enterprises (Art. 14) No SME investment and employment aid (Art. 15) Aid for small enterprises newly created by female entrepreneurs (Art. 16) No Aid for Environmental protection (Art. 17 – 25)
Aid for consultancy in favour of SMEs and SME participation in fairs (Art. 26 – 27)
Scheme
10-25%
Ad hoc aid (Art. 13(1))
20%
% % 20%
% Investment aid enabling undertakings to go beyond Community standards for environmental protection or increase the level of environmental protection in the absence of Community standards (Art. 18) Please provide a specific reference to the relevant standard UK Building Regulations Aid for the acquisition of new transport vehicles which go beyond Community standards or which increase the level of environmental protection in the absence of Community standards (Art. 19) No Aid for early adaptation to future Community standards for SMEs (Art. 20) No Environmental investment aid for energy saving measures (Art. 21) Net of operating benefits Environmental investment aid for high efficiency cogeneration (Art. 22) Environmental investment aid for the promotion of energy from renewable energy sources (Art. 23) Aid for environmental studies (Art. 24) No
35%
Aid in the form of reductions in environmental taxes (Art. 25) No Aid for consultancy in favour of SMEs (Art. 26) No Aid for SME participation in fairs (Art. 27) No
…national currency
27
%
%
60%
20%
45%
20%
45%
20%
%
% %
In the case of ad hoc regional aid supplementing aid awarded under aid scheme(s), please indicate both the aid intensity granted under the scheme and the intensity of the ad hoc aid. Version2 10 12 2008 - 15 -
20%
Aid in the form of risk capital (Art. 28 - 29) Aid for research, development and innovation (Art. 30 – 37) No
Training aid (Art. 38 – 39) No Aid for disadvantaged and disabled workers (Art. 40 – 42) No
…national currency Aid for Fundamental research research (Art. 31(2)(a)) and Industrial research develop (Art. 31(2)(b)) ment Experimental development projects (Art. 31(2)(c)) (Art. 31) Aid for technical feasibility studies (Art. 32) Aid for industrial property rights costs for SMEs (Art. 33) Aid for research and development in the agricultural and fisheries sectors (Art. 34) Aid to young innovative enterprises (Art. 35) Aid for innovation advisory services and for innovation support services (Art. 36) Aid for the loan of highly qualified personnel (Art. 37) Specific training (Art. 38(1)) General training (Art. 38(2)) Aid for the recruitment of disadvantaged workers in the form of wage subsidies(Art. 40) Aid for the employment of disabled workers in the form of wage subsidies (Art. 41) Aid for compensating the additional costs of employing disabled workers (Art. 42)
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% % % % % % …national currency …national currency …national currency % % %
%
%