Agriculture, 2 billion euros to support businesses

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The European Commission has launched the Italian framework scheme SA.105191 (2022/N) as notified by the Ministry of Agriculture, Food Sovereignty and Forestry; this will provide 2 billion euros in support of the agricultural, forestry, fisheries, and aquaculture sectors to reduce the impact of the Russian invasion of Ukraine on the national economy.

The scheme was approved under the Temporary State Aid Crisis Framework, adopted by the European Commission on 23 March 2022. The compensation provided for in the aid measure for enterprises affected by the increase in electricity, animal feed and fuel prices caused by the current crisis is granted in the form of direct subsidies, tax reliefs or payment, repayable advances and a reduction or exemption from the payment of social security and welfare contributions. All aid must be granted by 31 December 2023.

In particular, the aid may not exceed the ceiling of 250.000 euros for enterprises active in the primary sector, 300.000 euros for enterprises active in the fisheries and aquaculture sector, whereas for those active in the forestry, processing and marketing sectors the limit is set at 2 million euros.

Argomenti
Agriculture
22/02/2023