Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it possible for a Member State to finance companies for training?

0
Posted

Is it possible for a Member State to finance companies for training?

0

Member States can grant general as well as specific training aid to companies when such aid has an incentive effect (i.e. gives rise to training that the company would not undertake in the absence of the aid). Specific training is directly and principally applicable to the employee and provides qualifications which most of the times are not transferable to other undertakings of fields of work, while general training provides qualifications which are largely transferable to other undertakings or fields of work. Bigger aid intensities are allowed for general training, as it is less distortive for competition than specific training. The basic aid intensities are 25% for specific training and 60% for general training, but these intensities can be increased in particular for SMEs.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123