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Italy: EC approves EUR 6.2 billion grant scheme for SMEs (COVID-19)

Description

On 8 July 2020, the EU approved an Italian state aid measure that establishes a EUR 6.2 billion (approx. USD 7 billion) grants scheme to support SMEs and self-employed negatively affected by the COVID...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

08 Jul 2020

Revocation date

31 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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