United Kingdom: The government introduces the Scottish Enterprise subordinated loan scheme in response to the COVID-19 outbreak

Announcement

24 Aug 2020

In August 2020, the European Commission approved the Scottish Enterprise subordinated loan scheme in the form of soft loans to support businesses affected by the COVID-19 pandemic.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 Aug 2020

Revocation date:

31 Dec 2020

Updated: 24 Aug 2020

State loan

On 31 July 2020, the UK authorities notified the European Commission of their intention of establishing an aid scheme in the form of subordinated debt or loan (subordinated instruments) for Scottis...

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