Regulation (EU) No 1407/2013

Regulation (EU) No 1407/2013 governs state aid for small and medium-sized enterprises (SMEs) in the European Union. It allows member states to provide financial support to SMEs without needing prior approval from the European Commission, as long as the aid is below a certain threshold (typically €200,000 over three years). This regulation aims to promote economic growth and innovation by ensuring that smaller businesses can compete effectively, while also preventing excessive aid that could distort competition in the market.