Aid for SMEs

Aid for SMEs (Small and Medium-sized Enterprises) refers to financial support provided by governments to help smaller businesses grow and succeed. In the context of State Aid Law, this support must comply with specific rules set by the European Union to ensure fair competition. The aim is to assist these businesses, which are vital for job creation and innovation, without distorting the market. This aid can come in various forms, such as grants, loans, or tax incentives, and must be transparent and regulated to maintain a level playing field for all businesses.