The European Commission announced on Tuesday that it has adopted - under EC Treaty state aid rules - a new block exemption Regulation for regional investment aid, which aims to promote the economic development of disadvantaged regions.
According to the EC, member states will no longer have to notify regional investment aid schemes to the Commission if they fulfil the conditions set out in the Regulation.
The Regulation is based on the new Guidelines for regional aid 2007-2013 which were adopted in December 2005. The Commission has also adopted new notification forms for regional aid schemes that do not meet the conditions of the new Regulation and thus still have to be notified individually to the Commission for endorsement prior to their implementation.
Competition Commissioner Neelie Kroes announced that:
“I’m delighted to have completed the legislative process on the new regional aid rules in good time for Member States to plan their next regional and structural programming period. The new block exemption Regulation and notification forms will greatly simplify their tasks, and represent a major step towards a simplification of state aid procedures.”
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