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EU State Aid and Incentives Update

As the EU and individual countries attempt to counteract the devastating economic consequence of Covid, they have developed a unique set of new programs. Managing Director, EMEA, Guy Douetil provides a brief summary of what companies need to do.

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C&I ALERT: New CALCOMPETES Grant Program Launches in January 2022

As part of the State of California’s economic recovery plan, Governor Newsom and the California Legislature allocated $120 million for fiscal year 2021-2022 for a new California Competes Grant Program (CCGP). This program is an addition to the existing California Competes Tax Credit program, which has an allocation of $394 million available for fiscal year 2021-2022.

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UK TO CAPITALISE ON INDEPENDENCE

The UK Government acted today by sending Parliament a new Subsidy Control Bill based on the recent consultation period. The bill is designed to take advantage of its independence as a trading nation post Brexit by supporting UK jobs and businesses.

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