State Aid Modernization

State Aid Modernization refers to the European Union's effort to reform and streamline its rules on government support to businesses. The goal is to ensure that such aid promotes growth and job creation without distorting competition in the single market. By simplifying regulations and focusing on key areas like innovation and green transition, the EU aims to allow member states to use state aid more effectively while maintaining a level playing field for all businesses. This approach balances helping economies with the need for fair competition among companies across Europe.