This new scheme is covered by three subsidy allowances:
Small Amounts of Financial Assistance Allowance
Grants may be paid in accordance with Article 3.2(4) of the TCA, which enables an applicant to receive up to a maximum level of subsidy without engaging Chapter 3 of the TCA. You’re allowed up to £335,000 (subject to exchange rates) over any period of three years (€200,000 under previous State Aid rules).
COVID-19 Business Grant Allowance
Where the Small Amounts of Financial Assistance Allowance has been reached, grants may be paid in compliance with the Principles set out in Article 3.4 of the TCA and in compliance with Article 3.2(3) of the TCA under the COVID-19 Business Grant Allowance (subsidies granted on a temporary basis to respond to a national or global economic emergency). For the purposes of these scheme rules, this allowance is £1,600,000 (€800,000 under previous State Aid rules).
COVID-19 Business Grant Special Allowance
If you have reached your limits under the Small Amounts of Financial Assistance Allowance and COVID-19 Business Grant Allowance, you may be able to access a further allowance of funding under these scheme rules of up to £9,000,000. This is subject to a number of conditions and you will need to provide additional evidence to receive further grant funding.
By accepting these grants you are confirming that your business will not exceed the relevant threshold detailed above, over a three-year period.
Further detail on state aid can be found below: