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Global Trade Alert

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EU: Single Market Programme dedicates EUR 1 billion to support SMEs

Description

On 3 May 2021, the EU adopted Regulation (EU) 2021/690 establishing the first Single Market Programme (SMP) which includes EUR 1 billion (approx. USD 1.2 billion) support oriented to strengthening the...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2021

Revocation date

31 Dec 2027

Implementation level

Supranational

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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