The European Commission has endorsed a Network Subsidy Payment of £180m for public assistance to Post Office Ltd to fund its network of post offices over a period of one year, from April 2011. The Commission also approved the continuation of an existing working capital loan facility (to a ceiling of £1,150m) which funds the provision of, amongst other things, social benefit payments and basic banking services at post offices and allows Post Office Ltd to keep open unprofitable post offices. These measures were assessed under EU State aid rules, notably the Commission’s framework on public service compensation for Services of General Economic Interest (SGEI). The Commission concluded that the assistance would not overcompensate the company for the net costs of the public service tasks entrusted to it, or give it an unfair competitive advantage.