State Aid: Commission approves €200 million Italian scheme to support companies active in the tourist-accommodation sector in the context of the coronavirus outbreak

State aid: Commission approves €200 million Italian scheme to support companies active in the tourist-accommodation sector in the context of the coronavirus outbreak

The European Commission has approved a €200 million Italian scheme to support companies active in the tourist-accommodation sector affected by the coronavirus outbreak. The measure was approved under the State aid  Temporary Framework.

Under the scheme, the aid will take the form of direct grants. The aid amount per beneficiary will be calculated based on its turnover in 2019 and on a flat-rate basis. The purpose of the measure is to mitigate the sudden liquidity shortages that these companies are facing due to the coronavirus outbreak and the restrictive measures that the Italian government had to implement to limit the spread of the virus. The Commission found that the scheme is in line with the conditions set out in the Temporary Framework. In particular, the aid (i) will not exceed €1.8 million per beneficiary; and (ii) will be granted no later than 31 December 2021.

The Commission concluded that the measure is necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State, in line with Article 107(3)(b) TFEU and the conditions of the Temporary Framework. On this basis, the Commission approved the measure under EU State aid rules.