The EU has extended its state aid temporary framework to all small companies (less than 50 employees and less than EUR 10 million of annual turnover and/or annual balance sheet total), even if they were in “financial difficulty” on 31 December 2019.
This amendment extends possibilities to support more small companies, including those with particular financial structures, such private equity backed firms, or who were in a growth phase and so might have appeared to be in financial difficulty on paper. Take a look at the details here.