Aid No

GBER 9/10/R&D ENV

Member State

Iceland

Granting authority

Name

Ministry of Industry

Address

Webpage

http://www.idnadarraduneyti.is/

Title of the aid measure

General investment incentives as laid down in chapter IV of Act No 99/2010

National legal basis (Reference to the relevant national official publication)

Act No 99/2010 on incentives for initial investment in Iceland. Published in Stjornartidindi at:

http://www.stjornartidindi.is/Advert.aspx?ID=f89074eb-cbc6-427b-bfcb-09e7487cf988

Web link to the full text of the aid measure

Full text of the Act is at:

http://www.althingi.is/altext/stjt/2010.099.html

and

http://www.stjornartidindi.is/Advert.aspx?ID=f89074eb-cbc6-427b-bfcb-09e7487cf988

Type of measure

Scheme

Yes

Duration

Scheme

13.10.2010 to 31.12.2013

Date of granting

Ad hoc aid

n/a

Economic sector(s) concerned

All economic sectors eligible to receive aid

All except undertakings excluded by Article 2(3) of Act No 99/2010 (financial undertakings)

Type of beneficiary

SME

Yes

Large enterprises

Yes

Budget

Annual overall amount of the budget planned under the scheme

No current budget available for the scheme — no estimation available

Aid instrument (Article 5)

Grant

Subject to Budget authorisation

Fiscal measure

Tax derogations available as laid down in Article 9 of Act No 99/2010

General objectives

Objectives

Maximum aid intensity in % or Maximum aid amount in national currency

SME-bonuses in %

SME investment and employment aid

(Article 15)

Reference made to Article 13 of Act No 99/2010

10 % for medium sized firm

+ 10 % for small sized

Aid for Environmental protection

(Articles 17-25)

Investment aid enabling undertakings to go beyond Community standards for environmental protection or increase the level of environmental protection in the absence of Community standards (Article 18)

Please provide a specific reference to the relevant standard

35 %

0 %

Aid for the acquisition of new transport vehicles which go beyond Community standards or which increase the level of environmental protection in the absence of Community standards (Article 19)

35 %

0 %

Aid for early adaptation to future Community standards for SMEs (Article 20)

15 %

+ 10 %

Environmental investment aid for energy saving measures (Article 21)

35 %

0 %

Environmental investment aid for high efficiency cogeneration (Article 22)

35 %

0 %

Environmental investment aid for the promotion of energy from renewable energy sources (Article 23)

35 %

0 %

Aid for environmental studies (Article 24)

35 %

0 %

Aid in the form of reductions in environmental taxes (Article 25)

Aid for research, development and innovation

(Articles 30-37)

Aid for research and development projects (Article 31)

Fundamental research

(Article 31(2)(a))

35 %

0 %

Industrial research

(Article 31(2)(b))

35 %

0 %

Experimental development

(Article 31(2)(c))

25 %

+ 10 %

Aid for technical feasibility studies (Article 32)

35 %

0 %

Aid for industrial property rights costs for SMEs (Article 33)

35 %

0 %

Aid for research and development in the agricultural and fisheries sectors (Article 34)

35 %

0 %

Aid to young innovative enterprises (Article 35)

15 %

Aid for innovation advisory services and for innovation support services (Article 36)

35 %

Aid for the loan of highly qualified personnel (Article 37)

35 %

0 %

Training aid

(Articles 38-39)

Specific training (Article 38(1))

25 %

+ 10 %

General training Article 38(2))

35 %

0 %