AT THE HEART OF THE ROAD TRANSPORT INDUSTRY.

Call our Sales Team on 0208 912 2120

Regional Aid and UK Assisted Areas

4th October 2007, Page 51
4th October 2007
Page 51
Page 51, 4th October 2007 — Regional Aid and UK Assisted Areas
Close
Noticed an error?
If you've noticed an error in this article please click here to report it so we can fix it.

Which of the following most accurately describes the problem?

State aid, known as Regbnal Aid, is granted to promote the economic development of certain disadvantaged areas within the European Union. Regiona.l aid consists of investment grants to large companies and, occasionally, operating aid both are designed to help disadvantaged areas to compete.

There is also extra money to help small and medium size firms which wouldn't be considered in other areas. They are distributed through discretion ary grant schemes including: Selective Finance for Investment in England (SFIE). These are investment projects concentrating on Assisted Areas. The keywords are productivity, skills and employment.

• Regional SelectiveAssislance (RSA). These are deigned to help investment projects. The keywords are safeguarding jobs and )ob creation.

• RSA Cymru Wales (Regional Selective Assistance). Commercially viable capital investment projects. The keywords are creating or safeguarding permanent jobs.

Regional development agencies

The Regional Development Agencies offer: Capital Investment Grants -for businesses undertaking investment projects, but which need the financial help to go ahead. Grants for research and development-to help small businesses carryout research and development work that will lead to innovative products or processes for a commercial market.

Equity finance—for start-ups and small businesses, particularly early stage and high growth potential businesses which do not meet banking criteria.

Tags

Organisations: European Union