STATE AID: COMMISSION APPROVES €1.4 BILLION SWEDISH SCHEME TO SUPPORT UNCOVERED FIXED COSTS OF COMPANIES AFFECTED BY CORONAVIRUS OUTBREAK

 Sweden notified to the Commission an approximately €1.4 billion (SEK 14 billion) scheme to further   support companies affected by the coronavirus outbreak under the Temporary Framework.Under the   scheme, the public support will take the form of direct grants. The scheme will be open to companies   active in all sectors except the financial sector. The scheme covers three eligible periods: (i) August–     October 2020, (ii) November–December 2020, and (iii) January–February 2021. The aid will be granted   to companies that suffered a turnover decline exceeding 40% in the period August-October 2020 or   30% in each of the periods November-December 2020 and January-February 2021, compared to the   same periods in 2019. The beneficiaries will receive grants covering up to 70% of their uncovered fixed     costs during the eligible periods. In the case of micro and small enterprises, the grants will cover up to   75% of the uncovered fixed costs with regard to the period August-October 2020, or 90% in the other   periods.  For more info click here.