The European Commission has approved, under EC Treaty State aid rules, a package of measures notified by Italy under the new Temporary Framework for State aid. The measures authorised by the Commission are aimed at increasing companies’ financing options during the current economic crisis and facilitating access to risk capital for small and medium size enterprises that are in their early stages of development.

The package of measures increases flexibility on the granting of State aid under a number of pre-existing Italian schemes and, in particular, increases the maximum investment aid permitted (from EUR 1.5m to EUR 2.5m) and reduces the minimum private participation required for investment aid to be approved (from 50 per cent to 30 per cent).