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Government Decree on subsidies granted to companies in the fisheries sector on the basis of a deteriorating economic situation (No. 369 of 2020).

Country/Territory
Finland
Document type
Regulation
Date
2020
Source
FAO, FAOLEX
Subject
Fisheries, General
Keyword
Fiscal and market measures Business/industry/corporations Subsidy/incentive Aquaculture Marine fisheries Inland fisheries
Geographical area
Arctic, Europe, EUROPE AND CENTRAL ASIA, European Union Countries, North-East Atlantic, Northern Europe
Entry into force notes
This Regulation enters into force on 18 May 2020 and is valid until 31 December 2020.
Abstract

This Regulation lays down rules for the granting of a subsidy to undertakings in the fisheries sector on the basis of a temporary deterioration in the economic situation. Its objective is to ensure the liquidity of companies in the fisheries sector as a result of significant market and production disruptions due to the Covid-19 pandemic, through temporary State aid in accordance with Commission Communication C (2020) 1863. The support may be granted for expenses deemed necessary to ensure that businesses continue operating, in the form of general support for a maximum period of six months beginning no earlier than 19 March 2020. Covered expenses include: (1) expenditures on the hiring of external services and experts; (2) salaries and personnel costs; (3) rental and property costs; (4) other expenses deemed necessary to ensure continued business operations. Beneficiaries include commercial fishermen and companies engaged in fish farming, fish processing or wholesale or retail trade of fish, as indicated by the Regulation. Responsible authorities are the Centre for Economic Development, Transport and the Environment in Southwest Finland, Northern Savonia, and Lapland, together with the Development and Administration Centres of the Centre for Economic Development, Transport and the Environment and the Employment and Business Agencies. The minimum amount of the subsidy is € 3,000 and the maximum amount is € 10,000.

Full text
Swedish
Website
www.edilex.fi