Summary information communicated by Member States regarding State aid granted under Commission Regulation (EC) No 736/2008 on the application of Articles 87 and 88 of the Treaty to State aid to small and medium-sized enterprises active in the production, processing and marketing of fisheries products

2012/C 334/08

Aid No: XF 34/10

Member State: Denmark

Region/Authority granting the aid: —

Title of aid scheme/name of company receiving an ad hoc aid: Vækstkaution

Legal basis: Lovbekendtgørelse nr. 549 af den 1. juli 2002 (med ændringer), bekendtgørelse nr. 1013 af den 17. august 2007, samt ændringsbekendtgørelse nr. 237 af den 17. marts 2010, samt Finansudvalgets bevilling.

Annual expenditure planned under the scheme or amount of ad hoc aid granted: Aid in the form of guarantees. The maximum expenditure available under the scheme is DKK 300 million. The scheme concerns the primary sectors and all other industries, and the expenditure represents the overall costs of the entire scheme. The guarantees cover a maximum of 75 % of the loan amount per undertaking up to a ceiling of DKK 2 million. The method used to calculate the grant equivalent of the guarantee scheme was notified to and approved by the European Commission under N 682/09.

Maximum aid intensity: Average aid intensity: 15,23 % of the guarantee

Maximum aid intensity: 19,02 % of the guarantee

Date of entry into force: The day following the European Commission's publication of the summary information on the Internet.

Duration of scheme or individual aid award:

Objective of aid: Investment aid

Indicate which of Articles 8-24 is used: Articles 11, 12, 15, 16, 19, 22

Activity concerned: Investments

Name and address of the granting authority:

Web address where the full text of the scheme or the criteria and conditions under which ad hoc aid is granted outside of an aid scheme can be found:

Motivation: Indicate why a State aid scheme has been established instead of assistance under the European Fisheries Fund

The loan guarantee scheme is a flexible funding scheme which operates in close cooperation with general commercial banks, and the scheme applies to all industries, including the primary sectors.