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Spain: EUR 30 billion budget increase of first umbrella scheme (COVID-19)

Description

On 18 May 2021, the European Commission approved a Spanish state measure that increases the budget and extends the First Umbrella scheme to support the economy in the context of the COVID-19 pandemic ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

18 May 2021

Revocation date

30 Jun 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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