Thishas triggered fearsthat EU companies will be tempted to relocate their business to the US.
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This also includes production of key components as well as the manufacturing and recycling of related critical raw materials.
The framework gives member states the option to offer aid in a fast, clear, and predictable way.
To prevent cases in which the risk of relocation is high, countries will have a matching aid option.
That is, to match the subsidies offered by a non-EU government and keep the company within the unionsborders.
Alternatively, member states will be able to cover the funding gap the company expects to have.
Our rules protect the level playing field in the single market.
The new rules are proportionate, targeted, and temporary.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
