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Global Trade Alert

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Spain: Introduction of financial grant scheme to support energy-intensive businesses with rising gas prices

Description

On 24 April 2023, the European Commission approved a EUR 450 million (USD 496 million) direct grant scheme from Spain. The measure supports energy-intensive businesses from various industrial sectors ...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Apr 2023

Revocation date

31 Dec 2023

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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