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Covid regional aid, applications for contributions to large companies approved

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The Valle d’Aosta regional council today approved the application provisions of the contributions for large companies provided for by the regional law 15/2021 on aid for the Covid-19 emergency.

The measure in question is the one governed by article 17 which makes non-repayable contributions available to cover the losses recorded from 1 March 2020 and 31 December 2021. For the current year the availability is 2 million euros.

The aid is aimed at large companies with registered office or production unit in Valle d’Aosta which, due to restrictions on moving and opening activities, have recorded a decrease in turnover of at least 30% and have had to suspend completely your own business.

To access the non-repayable measure, companies must submit an application indicating the approved and certified losses in turnover and operation by 31 July 2021. The application must also show that the company was not already in difficulty, pursuant to Regulation (EU) no. 651/2014 of the Commission as of 31 December 2019.

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