State Aid is the financial support given to businesses by Government.
European Union competition rules actually prohibit the Government awarding State Aid to businesses because it can distort competition, which is harmful to consumers and companies in the European Union.
Fareham Borough Council must be satisfied that all State Aid requirements have been fully met and complied with when making grant payments.
The following grants awarded by Fareham Borough Council are all considered as State Aid:
Although the United Kingdom left the European Union on 31 January 2020, under the terms of the Withdrawal Agreement given effect to through the European Union (Withdrawal) Act 2018 the UK is in a Transition Period until 31 December 2020.
During this Transition Period, the EU State aid rules continue to apply in the UK. Accordingly, any aid granted during the Transition Period must comply with those rules.
There is an exemption that will allow the award of State Aid providing the value is below a "de minimis" level (currently €200,000 over a 3 year period) or €800,000 under the COVID-19 Temporary Framework scheme for the UK, where the €200,000 De-Minimis threshold has been reached.
If you received a payment from any of the business grant schemes earlier in the year or received any similar support from the government, for either this business or any business property for which you are responsible, this counts as State Aid.
If you are unsure whether State Aid applies to your business, you will need to seek independent legal advice. If you require more information about State Aid before completing this grant application, further guidance is available on GOV.UK