European Union - Temporary Finnish scheme to grant limited amounts of aid to farmers approved
31-May-2010 (16 years 10 days ago)
The European Commission authorised a Finnish scheme with a budget of €22 million which aims at supporting farmers in Finland who encounter difficulties as a result of the current economic crisis. Aid under this scheme can be granted until 31 December 2010 and will take the form of a direct grant. This scheme is a further application of the Commission's Temporary framework for State aid measures to support access to finance in the current financial and economic crisis, as amended end of October 2009 in order to allow Member States to grant limited amounts of aid to primary agricultural producers.
The scheme is open to farmers in all sub-sectors of primary agricultural production, provided they were not already in difficulty on 1 July 2008 (i.e. before the beginning of the crisis) and that beneficiary's ratio between the amount of liabilities on 31 December 2009 and the average annual turnover in years 2007-2009 is at least 1.0. The scheme is limited in time until 31 December 2010 and complements other crisis measures already put in place by the Finnish authorities in application of the Temporary Crisis Framework.
The scheme is open to farmers in all sub-sectors of primary agricultural production, provided they were not already in difficulty on 1 July 2008 (i.e. before the beginning of the crisis) and that beneficiary's ratio between the amount of liabilities on 31 December 2009 and the average annual turnover in years 2007-2009 is at least 1.0. The scheme is limited in time until 31 December 2010 and complements other crisis measures already put in place by the Finnish authorities in application of the Temporary Crisis Framework.