A PYMNTS Company

EU Invites Comments On Revision Of State Aid Framework For Research

 |  April 8, 2021

The European Commission has launched a public consultation inviting all interested parties to comment on a proposed targeted revision of the State aid Framework for research, development, and innovation (the “RDI Framework”). Interested parties can respond to the consultation for eight weeks, until June 3, 2021.

Executive Vice-President Margrethe Vestager, in charge of competition policy, said, “We want to further simplify our existing State aid Framework to make it easier for Member States to support research, development and innovation, including by small and medium sized enterprises, while ensuring that possible competition distortions are kept to the minimum. We now invite stakeholders to share their views. All this to provide the right incentives to tackle the challenges we are facing and enable Europe’s green and digital transition.”

The RDI Framework aims at facilitating research, development, and innovation (RDI) activities, which, due to market failures, would not occur in the absence of public support. In this respect, the RDI Framework enables Member States, subject to certain conditions, to provide the necessary incentives to companies and the research community to carry out these important activities and investments in this field.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.