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European Commission approves amendments to Flemish aid schemes for start-ups, scale-ups and SMEs

26/07/2021

On 5 July 2021, the European Commission approved new amendments to two existing Flemish aid schemes for start-ups, scale-ups and SMEs. The amendments involved increasing the maximum amount and duration of aid granted in the form of subordinated loans with deferred or generally low interest rates. Start-ups will undoubtedly benefit from this regulatory approval as venture capital investments have decreased significantly during the COVID-19 crisis.

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Authors

Portrait ofAnnabelle Lepièce
Annabelle Lepièce
Partner
Brussels
Sander De Volder