Global Trade Alert
Global Trade Alert

Spain: EUR 250 million financial grant scheme to support certain gas-intensive companies in the context of the Russian invasion of Ukraine

Announcement

10 May 2022

In May 2022, the European Commission approved a Spanish financial grant scheme to support 5 manufacturing sectors in the context of higher gas prices. In June 2022, the budget was doubled (from EUR 125 million to EUR 250 million) and the number of manufacturing industries eligible for the aid expanded as well. The scheme forms part of the Spanish national response plan to the economic challenges following the Russian invasion of Ukraine adopted in March 2022 (see related state act). 

 

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

10 May 2022

Revocation date:

31 Dec 2022

Announced: 10 May 2022
Financial grant
On 10 May 2022, the European Commission approved a EUR 125 million (USD 131.6 million) financial grant scheme from Spain to support certain gas-intensive sectors in the context of higher energy prices...
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