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State aid: Commission approves Irish investment scheme for processing and marketing of agricultural products

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Published on: 04 February 2020

Published by LNB News

LNB News 04/02/2020

Document Information

Issue Date: 04 February 2020

Published Date: 04 February 2020

Jurisdiction(s): Eire and European Union

Article summary

On 4 February 2020, the European Commission approved an Irish €200m investment scheme for processing and marketing of agricultural products in Ireland (Case SA.55469). The scheme, which will run for the period 2020–2025 and takes the form of grants and will be open to small and medium-sized enterprises (SMEs) and large companies engaged in the processing and marketing of agricultural products, aims to strengthen the Irish agri-sector by promoting greater product and market diversification. The Commission approved the scheme under EU State aid rules because the measure will contribute to the EU objectives of ensuring a viable food production and promoting intelligent and sustainable growth, without unduly distorting competition and trade. The aid is also limited to the minimum necessary and will encourage innovative investments not possible without the public support.

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