Sectoral Aid

Sectoral Aid refers to financial assistance provided by governments to specific industries or sectors within the economy. This can include subsidies, tax breaks, or grants aimed at promoting growth, innovation, or employment in targeted areas, such as renewable energy, agriculture, or technology. While it can help strengthen these sectors, Sectoral Aid must comply with State Aid Law to ensure it does not distort competition or create unfair advantages over other businesses. The goal is to balance support for particular industries while maintaining a fair marketplace overall.