G/SCM/N/3/EEC
Page 204
(d)Form(s) of aid
Grant.
(e)Rules and conditions
Maximum possible aid intensity that, according to the rules and conditions on which the aid is granted, can
be obtained in favour of any one project - variable.
The aid is restricted exclusively to SMEs.
(f)Cumulation
Projects aided under the scheme are excluded from receiving aid from other sources.
No other (more general) aid-programmes of the City of Vienna can be used for the supported investment.
(g)Duration of scheme
Date of aid scheme coming into force: 01.11.92
Date until when remaining in force:not limited.
(h)Budget/expenditure
1992: Actual total expenditure: S 31 million
1993: Total budget estimate: S 35 million
1994: Total budget estimate: S 30 million
(i)Estimated number of recipients
From 51 to 100 p.a.
127.Vienna Credit Guarantee Comp. Ltd.
Wiener Kreditbürgschafts GmbH
(a)Level of government responsible for scheme or aid measure
Local authority.
Name of responsible authority: City of Vienna
(b)Legal basis
Gesellschaftsvertrag vom 19.11.70
Guidelines
(c)Objective(s) of scheme or aid measure
Primary objective: aid to SMEs.
(d)Form(s) of aid
Guarantees.G/SCM/N/3/EEC
Page 205
(e)Rules and conditions
Maximum possible aid intensity that, according to the rules and conditions on which the aid is granted, can
be obtained in favour of any one project - approx. 2.5%.
The aid is restricted exclusively to SMEs.
Categories of expenditure eligible for aid: research and development rationalization, improvement of the
city structure.
Other conditions, limitations or criteria for granting the aid: max. loan: S 7.5 million; Guarantee for 80%
of the loan, 1% fee at the start, 0.5% fee p.a. (market rate approx. 3%).
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Duration of scheme
Date of aid scheme coming into force: 19.11.70.
(h)Budget/expenditure
1994: Total budget estimate: S 2 million
(see (j) below)
(i)Estimated number of recipients
From 10 to 50.
(j)Other relevant information
The yearly budget is calculated as 2.5% aid - equivalent to the average of the guarantees p.a. (= 2.5% of S
80 million).
128.Collective Advertising in Foreign Publications
Gemeinschaftswerbung
(a)Level of government responsible for scheme or aid measure
Name of responsible authority: Federal Economic Chamber
(b)Legal basis
Handelskammergesetz 1946/93/94
AHF Beitragsgesetz 1984/93/94
(c)Objective(s) of scheme or aid measure
Primary objectives: aid to SMEs; helping a specific branch of producers to promote their goods abroad.
(d)Form(s) of aidG/SCM/N/3/EEC
Page 206
Refund of advertising costs.
(e)Rules and conditions
The aid is not restricted exclusively to SMEs.
Categories of expenditure eligible for aid: advertising costs in foreign publications, newspapers.
Other conditions, limitations or criteria for granting the aid:
-eligible only associations of branches;
-1994: 25% participation in advertising costs;
-1995: 20% participation.
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Duration of scheme
Date until when remaining in force: until further notice.
(h)Budget/expenditure
1994: Total budget estimate: S 5.0 million
1995: Total budget estimate: S 3.5 million
(i)Estimated number of recipients
From 10 to 50.
129.Market research abroad.
Auslandsmarktforschung
(a)Level of government responsible for scheme or aid measure
Name of responsible authority: Federal Economic Chamber
(b)Legal basis
Handelskammergesetz 1946/93/94
AHF Beitragsgesetz 1984/93/94
(c)Objective(s) of scheme or aid measure
Primary objectives: aid to SMEs; getting SME's into export.
(d)Form(s) of aid
Participation in fees for market research studies by professional institutes.
(e)Rules and conditionsG/SCM/N/3/EEC
Page 207
Maximum possible aid intensity that, according to the rules and conditions on which the aid is granted, can
be obtained in favour of any one project - 50%.
The aid is not restricted exclusively to SMEs.
Categories of expenditure eligible for aid: market research aborad.
Other conditions, limitations or criteria for granting the aid: max. 50% and S 60,000. - per year and
company or S 120,000.- for two years.
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Duration of scheme
Date until when remaining in force: 31.12.94
(h)Budget/expenditure
1993: Total budget estimate: S 800.000
1994: Total budget estimate: S 1 million
(i)Estimated number of recipients
From 10 to 50.
130.Trade missions
Wirtschaftsmissionen
(a)Level of government responsible for scheme or aid measure
Name of responsible authority: Federal Economic Chamber
(b)Legal basis
Handelskammergesetz 1946/93/94
AHF Beitragsgesetz 1984/93/94
(c)Objective(s) of scheme or aid measure
Primary objectives: aid to SMEs; export sales promotion.
(d)Form(s) of aid
Participation in airtravel-costs outside Europe.
(e)Rules and conditions
The aid is not restricted exclusively to SMEs.
Categories of expenditure eligible for aid: S 8,000 for destinations up to 10,000 km from Vienna S 15,000
if more than 10,000 km.G/SCM/N/3/EEC
Page 208
Other conditions, limitations or criteria for granting the aid: max. two representatives per company.
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Duration of scheme
Date until when remaining in force: 31.12.94
(h)Budget/expenditure
1992: Actual total expenditure: S 6 million
1993: Total budget estimate: S 5 million
1994: Total budget estimate: S 5 million
(i)Estimated number of recipients
More than 100.
131.Consultancy Services for Internationalization
Internationalisierungs-Beratuangsprogramm
(a)Level of government responsible for scheme or aid measure
Name of responsible authority: Federal Economic Chamber
(b)Legal basis
Handelskammergesetz 1946/93/94
AHF Beitragsgesetz 1984/93/94
(c)Objective(s) of scheme or aid measure
Primary objectives: aid to SMEs; internationalization, transfer of know-how.
(d)Form(s) of aid
Participation in fees of external consultants
(e)Rules and conditions
The aid is not restricted exclusively to SMEs.
Categories of expenditure eligible for aid: fees of foreign consultants.
Other conditions, limitations or criteria for granting the aid: founding of a branch office, daughter
company or other investment abroad; max. S 20,000 Europe; max. S 40,000 overseas;
1995: S 15,000 and 30,000.G/SCM/N/3/EEC
Page 209
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Duration of scheme
Date until when remaining in force: until further notice.
(h)Budget/expenditure
1992: Actual total expenditure: S 1.6 million
1993: Total budget estimate: S 2.7 million
1994: Total budget estimate: S 2.0 million
(i)Estimated number of recipients
More than 100.
132.Export Promotion Activities
(a)Level of government responsible for scheme or aid measure
Name of responsible authority: Federal Economic Chamber
(b)Legal basis
Handelskammergesetz
AHF Beitragsgesetz
(c)Objective(s) of scheme or aid measure
Primary objectives: sectoral aid - Austrian exporters of Austrian goods, to open new export markets to
Austrian companies.
(d)Form(s) of aid
Subsidies on participation of Austrian companies in trade fairs and other events abroad, other export
promotion activities.
(e)Rules and conditions
Maximum possible aid intensity that, according to the rules and conditions on which the aid is granted, can
be obtained in favour of any one project - varies according to type of promotional
activities (generally less than 50%).
The aid is not restricted exclusively to SMEs.
Categories of expenditure eligible for aid: from 01.01.95 restricted to subsidy on participation costs in
trade fairs and events abroad.
Other conditions, limitations or criteria for granting the aid:
(1)membership in the Austrian Federal Economic Chamber;
(2)export of Austrian goods.G/SCM/N/3/EEC
Page 210
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Duration of scheme
Date until when remaining in force: until further notice.
(h)Budget/expenditure
1992: Actual total expenditure: S 508.10 million
(see (j))
1993: Total budget estimate: S 518.0 million
(see (j))
1994: Total budget estimate: S 467.10 million
(see (j))
Total budget estimate for the whole
planning period of the scheme:
budget for 1995: S 230 million
Beginning in year: 01.01.95
Ending in: 31.12.95.
(i)Estimated number of recipients
More than 100.
(j)Other relevant information
These amounts include all promotional activities.
133.Top Team Austria
Austria Racing Team
(a)Level of government responsible for scheme or aid measure
Name of responsible authority: Federal Economic Chamber
(b)Legal basis
Handelskammergesetz
Aussenhandelsförderunggesetz.
(c)Objective(s) of schemes or aid measure
Primary objective: to force foreign export markets for Austrian winter sport goods.
Secondary objective: sectoral aid - Austrian producers of Austrian skiis, skiboots and bindings.G/SCM/N/3/EEC
Page 211
(d)Form(s) of aid
Equity participation.
(e)Rules and conditions
Maximum possible aid intensity that, according to the rules and conditions on which the aid is granted, can
be obtained in favour of any one project - 50%.
The aid is not restricted exclusively to SMEs.
Other conditions, limitations or criteria for granting the aid:
(1)membership in the Austrian Federal Economic Chamber
(2)member of Top Team Austria or Austria Racing Team
(3)export of Austrian goods
(4)membership in the Austrian Ski Pool
(f)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
(g)Budget/expenditure
1992: Actual total expenditure: S 7.5 million
1993: Total budget estimate: S 7.5 million
1994: Total budget estimate: S 7.5 million
Total budget estimate for the whole
planning period of the scheme: S 5.0 million
Beginning in year: 01.01.95
Ending in: 31.12.95.
(h)Estimated number of recipients
9 firms.
134.Structural Aid to SMEs.
(a)Level of government responsible for scheme or aid measure
Regional authority.
Name of responsible authority: Government of Lower Austria.
(b)Objective(s) of scheme or aid measure
Primary objective: aid to SMEs.
Secondary objective: aid to employment.
(c)Form(s) of aid
Grant; soft loan; guarantee.G/SCM/N/3/EEC
Page 212
(d)Rules and conditions
Maximum possible aid intensity that, according to the rules and conditions on which the aid is granted, can
be obtained in favour of any one project - 25%.
Categories of expenditure eligible for aid: buildings, equipment, personnel, training and consultant fees.
Other conditions, limitations or criteria for granting the aid: the aid is granted for a limited period. The
assistance will be gradually reduced.
(e)Cumulation
Projects aided under the scheme are not excluded from receiving aid from other sources.
The aid in question may be combined with other aid schemes in operation: costs in addition to the basis
for this form of aid can be supported by other aid measures until the intensity of 25%,
20%, 15% and 10% according to the area.
(f)Duration of scheme
Date of aid scheme coming into force: 1974.
Date until when remaining in force: unlimited.
(g)Budget/expenditure
1992: Actual total expenditure: S 20 million
1993: Total budget estimate: S 20 million
1994: Total budget estimate: S 25 million
Total budget estimate for the whole
planning period of the scheme: 1995 S 20 million
(h)Estimated number of recipients
From 51 to 100.G/SCM/N/3/EEC
Page 213
BELGIUM
Information from the Flemish Institute for the Promotion of Scientific
and Technological Research in Industry (INT)
to the Ministry of the Flemish Community
The aid for applied R&D in Flanders is based on the decree concerning the FIOV (Flemish
Research and Technological Development Fund) of 23 October 1991, which entered into force on
1 November 1991.
For industrial research it provides for a subsidy of a maximum of 50 per cent of the approved
project costs and for the development of prototypes it provides for a repayable interest-free advance of 50
per cent of the approved projects costs, with a gross subsidy equivalent of 15 per cent or 25 per cent,
which may rise to 40 per cent if the project fails; these interest-free advances have to be repaid over a
maximum period of five years, beginning one year following the end of the research.
The aid, irrespective of whether it is in the form of subsidies or interest-free advances, may be
increased by 10 per cent in the case of a project submitted by an SME (employing fewer than 200 people
and with a turnover of less than ECU 15 million, with at least 70 per cent of the capital held by natural
persons or firms which meet the first two conditions) or if it is a project of exceptional interest for the
European Union.
No obligation is placed upon recipients of R&D aid in Flanders to market their products mainly
in Flanders.G/SCM/N/3/EEC
Page 214
PROVINCIAL RULES ON EXPORT PROMOTION
IN FLEMISH BRABANT
An incentive of BF 10,000 shall be granted to SMEs with their place of business in Flemish
Brabant and taking part in an export initiative arranged by the BDBH (Belgian Foreign Trade
Department), VDBH (Flemish Foreign Trade Department) and/or GOM Vlaams Brabant (Regional
Development Board for Flemish Brabant). The sum may be doubled for new exporters.
RULES
Article 1
An incentive of not more than BF 10,000 shall be granted to an SME with its place of business in
Flemish Brabant and participating in an export initiative conducted by the BDBH, VDBH and/or GOM
Vlaarns-Brabant. All enterprises which produce the goods for export themselves shall be eligible.
The above-mentioned initiative shall comprise a visit, trade fair or market survey and must take
place between I January 1994 and 31 December 1994.
By way of derogation from paragraph 1, a subsidy may be granted for any participation in trade
fairs, including participation on enterprises' own initiative, provided that the necessary supporting
documents are submitted.
This sum shall be doubled if the enterprise is prospecting for a particular market for the first time.
The proof of "first approach" shall take the form of a written guarantee by the authorized representative of
the enterprise. The incentive shall be allocated until the funds earmarked by the Province of Brabant
have been used up. The date of receipt of the application shall be used to determine the order in which
applications are dealt with and in which subsidies are allocated.
Article 2
SME shall mean any enterprise with a maximum of 100 employees and a maximum turnover of
BF 300 million in the last accounting year. In order to determine whether the turnover and employment
criteria are met, the turnover and employment figures for all the enterprises in one group (**) shall be
calculated.
Article 3
The net registration fee for the relevant initiative, i.e. following deduction of all other possible aid,
must amount to at least BF 50,000.
**The term "group" refers to all linked enterprises which, as a result of direct or indirect holdings by one or more
of them in one or more enterprises, are under the same management. An enterprise shall be considered as forming a
group with another enterprise where the latter possesses, direct or indirectly, at least 22 per cent of the capital of the
former enterprise or at least 20 per cent of the votes attached to the shares issued by that enterprise. All the shares
which various enterprises forming a group possess in another enterprise shall be counted together for the purposes of
determining the holding of these enterprises in the other enterprise.G/SCM/N/3/EEC
Page 215
Article 4
Applications may be submitted by the same SME for at the most two initiatives taking place in the
same year.
Article 5
Applications must be sent by registered mail and must indicate the initiative, turnover and number
of persons employed by the enterprise and/or all enterprises that belong to the same group, and where
applicable proof of first market approach.
Article 6
The incentive allocated shall be paid following proof of actual participation in the initiative and
following presentation of proof of payment of the net registration fee indicated in Article 3.
Article 7
All applications concerning trade events must be submitted by 1 November 1994.
Article 8
No redress shall be allowed in the event of non-allocation of an incentive. No exchange of letters
shall take place concerning the initiative.G/SCM/N/3/EEC
Page 216
President of the Flemish Government
Luc Van den Brande
Flemish Minister of Environment and Housing
Norbert de Batselier
Letter from: Ministry of the Flemish Community - Programming of Science Policy
To: External Relations
Subject: Obligation to notify World Trade Organization of subsidies
Their ref.: FW/EO/JD/AD
Date: 13 April 1995
The obligation to notify subsidies applies to subsidies to an enterprise, industry or group of
enterprises. The only subsidies of this kind which come under science policy are subsidies for research
and development, but these are covered by the heading "Non-actionable subsidies" (L 336, p. 161). If
these research subsidies do have to be notified, the relevant information must be obtained from the
IWT (Flemish Institute for the Promotion of Scientific and Technological Research in Industry), which is
the only body for subsidies for research and development in enterprises. We have therefore passed on
your memo to the IWT.G/SCM/N/3/EEC
Page 217
Letter from:VDBH (Vlaamse Dienst voor de Buitenlandse Handel-Flemish Foreign Trade Department)
To:Ministry of the Flemish Community - External Relations
Subject:Obligation to notify World Trade Organization of subsidies
Their ref:3/AW-AMS/1081
Date:12 April 1995
Following your letter of 31 March concerning the above subject, I am sending you the information
requested on the subsidies which were granted in 1994 by the "Grants" section of the VDBH.
These subsidies were granted under:
-The Order of the Flemish Government of 9 April 1992 and the implementing provisions of 6
May 1993 laying down the rules on the granting of financial contributions to
export-oriented initiatives by Flemish enterprises;
-the Order of the Flemish Government of 28 October 1992 and the implementing provisions of 6
May 1993 laying down rules on the granting of financial contributions to annual export
promotion programmes run by trade federations, allied non-profit making associations,
chambers of commerce, port enterprises and regional development boards.
Account is taken of Articles 92 and 93 of the EEC Treaty in the allocation of subsidies.
The total possible allocation for subsidies was set in 1994 at BF 78,600,000, of which
BF 78,599,961 was committed, as follows:
-enterprises: prospecting-initiatives BF 30,140,172
participation in trade fairs BF 34,838,190
management training BF 2,092,000
-annual export promotion programmes
run by trade federations, chambers of
commerce and port enterprises BF 11,529,599
_____________G/SCM/N/3/EEC
Page 218DENMARK
TABLE OF CONTENTS
Page
1. Danish Fund for Development of Enterprises 230
2. Trade and Industrial Development Act 231G/SCM/N/3/EEC
Page 220
1. Danish Fund for Development of Enterprises
(1) Denmark.
(2) Danish Fund for Development of Enterprises (VaekstFonden).
(3) Grant, guaranties and loans on market terms, repayable in cases of success.
(4) The scheme is horizontal. The total financing of about 200 projects are the following:
Grant: DKr 0.7 million
Repayable loan: DKr 200 million
Guaranties: DKr 4 million
(5)The purpose with the scheme is to increase research and development activities in private enterprises in
general and to increase the enterprises competence in new areas.
(6) The scheme is not limited in time.
(7) The scheme is horizontal and the loans are given to R & D activities in all sectors.G/SCM/N/3/EEC
Page 221
2. Trade and Industrial Development Act
(1) Member State
Denmark
(2) Name of the subsidy scheme or the concrete subsidy project
Trade and Industrial Development Act. Under the Trade and Industrial Development Act a
number of initiatives are being carried out which aim at promoting the competitiveness of Danish trades
and industries. The individual initiatives under the Trade and Industrial Development Act are listed in
Enclosure 1.
(3) The form of the subsidy
Grants, guarantees, and loans which are being repaid if commercial success is achieved.
(4) Subsidy per unit or total
Subsidies for the individual areas are shown in the Table below. For 1994 the appropriations are
equal to the appropriations of the year incl. transfers from previous years. For 1995 the appropriation of
the Budget alone has been indicated. It is not possible to state the individual recipients of the subsidies as
it is a question of a great number.
1994 1995
Appropriation
DKr millionPayment
DKr millionBudget
appropriation
DKr millionBudget
payment
DKr million
Technological infrastructure 342.8 326.5 492 410.4
Development programmes 394.1 186.8 71.5 99.2
Co-financing of the companies' own
development projects 124.8 142.3 60 87.8
Export promotion 87.7 77.5 117.4 78
Regional industrial development 22 918143.1 332.79
Total 1,037.4 8432. 884 1,008.1
As to technological infrastructure the average size of subsidy for the companies is approximately
DKr 800,000. In addition to that, a basic grant is given to Authorised Technological Service Institutes,
compare Enclosure 1. On average it amounts to DKr 17 million per institute.
As to development programmes the average subsidy value per company was approximately DKr
1 million.
8Of this amount DKr 69 million are transfer payments of subsidies from the EU Regional Fund to counties,
municipalities and private foundations as partial payment of costs in connection with infrastructual arrangements,
ERFU-grants.
9Of this amount DKr 226 million are transfer payments of ERFU-grants.G/SCM/N/3/EEC
Page 222
As to co-financing of the companies' own development projects, the average subsidy is
approximately DKr 1 million.
As to export promotion, the same figure is DKr 487,000.
As to regional industrial development, it is not possible to estimate the average subsidy value, as
the regional funds are administered regionally, and the Agency for Development of Trade and Industry
thus does not take part in the further payment to the companies etc.
(5) The political aim of the effort is to strengthen the trade development in Denmark.
(6) Period of validity
The period of validity for the individual initiatives differs. Every year it is considered whether
funds should be appropriated for the individual initiatives.
(7) Subsidy effect from a business point of view
It is not possible immediately to estimate the business effects of the subsidies, because the
initiatives are horizontal in nature, and not directed to specific lines of business.G/SCM/N/3/EEC
Page 223
Enclosure 1
Outline of Initiatives Under the Various Areas
Promises given 1994,
Dkr million
1. Technological infrastructure 342.8
- Basic grants GTS, TIC, etc. 256
- Industrial researchers 30
- Initiative areas 55.8
- Ariane 5 and Hermes 2/ESA 59.7
- Entrepreneur activities 17.1
- Copenhagen International Management Institute 1.7
2. Development programmes 394.1
- Know-how and quality 163.2
- Material Technology Development Programme 111
- Industrial exploitation of environment technology 53.4
- Foot Technology Programme 24.5
- Export network 41.9
3. Co-financing of the companies' own development projects 124.8
- Entrepreneur activities 49.7
- EUREKA 75.1
4. Export promotion 87.7
- General export promotion 82.7
- Subsidy for international initiations to submit tenders 5
5. Regional Industrial Development22
- National co-financing 22
- Further loan of ERFU-subsidies 0
- Further loan from global bank 0G/SCM/N/3/EEC
Page 224FINLAND
TABLE OF CONTENTS
Page
1. Industry Guarantee Scheme of the Finnish Guarantee Board 236
2. Regional Investment Aid 236
3. Small Business Aid 337
4. Development Aid for Small and Medium-Sized Firms 237
5. Regional Transport Subsidy 237
6. Interest Rate Subsidy for Investments of Small and Medium-Sized Firms 238
7. Interest Rate Subsidy for Investments of Small and Medium-Sized Firms 238
8. Kera Ltd: Loan Programme for SMEs 239
9. Interest Rate Subsidies to Finnish Export Credit Ltd. 239
10. Business' Internationalization 240
11. Energy Grants 240
12. Grants for Industrial R&D 241
13. Soft Loans for Industrial R&D 241
14. Employment Subsidy Scheme 242
15. The Employment Subsidy for Worsened Employment Situation 242
16. Structural Change Scheme 243
17. Investment Aid to Promote Employment 243
18. Interest Subsidy to Waste Management and Air Pollution Control 243G/SCM/N/3/EEC
Page 226
GOVERNMENT INSTITUTE FOR ECONOMIC RESEARCH
1. Industry Guarantee Scheme of the Finnish Guarantee Board
Form of subsidy
Guarantee
Total amount granted (Fmk million) in 1994
490
Policy objective
Aid to SMEs
Duration of a subsidy
Ongoing
Legal basis
Act (375/63) in 1963 on guarantees granted for certain industries
2. Regional Investment Aid
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
292
Policy objective
Regional aid
Duration of a subsidy
Ongoing
Legal basis
Aid to Business Act, Decision of the Council of State on Aid to Business and Regional
Development Act (Nos. 1135/1993, 1136/1993 and 1689/1993 of the Statutes of Finland)
3. Small Business Aid
Form of subsidy
GrantG/SCM/N/3/EEC
Page 227
Total amount granted (Fmk million) in 1994
51
Policy objective
Aid to SMEs
Duration of a subsidy
Ongoing
Legal basis
Aid to Business Act, Decision of the Council of State on Aid to Business and Regional
Development Act (Nos. 1135/1993, 1136/1993 and 1689/1993 of the Statutes of Finland)
4. Development Aid for Small and Medium-Aized Firms
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
118
Policy objective
Aid to SMEs
Duration of a subsidy
Ongoing
Legal basis
Aid to Business Act, Decision of the Council of State on Aid to Business and Regional
Development Act (Nos.1135/1993, 1136/1993 and 1689/1993 of the Statutes of Finland)
5. Regional Transport Subsidy
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
160
Policy objectiveG/SCM/N/3/EEC
Page 228
Regional aid
Duration of a subsidy
Until 31.12.1996
Legal basis
Act on Regional Subzidization of Transports (954/1981, amendments 901/1989, 1111/1989,
634/1993, 1137/1993 and 1211/1994).
6. Interest Rate Subsidy for Investments of Small and Medium-Sized Firms
Form of subsidy
Interest subsidy
Total amount granted (Fmk million) in 1994
25
Policy objective
Aid to SMEs
Duration of a subsidy
Ending in 1995
Legal basis
-Act on Interest Rate Subsided Loans for Investments of Small and Medium-Sized Firms (583/1992,
amendment 1220/1992),
-Decree on Interest Rate Subsidized Loans for Investments of Small and Medium-Sized Firms (539/1992,
amendment 1221/1992),
-Resolutions of the Ministry of Trade and Industry No. 5/401/1992 and of 15 September 1992 and
23 March 1993.
7. Interest Rate Subsidy for Investments of Small and Medium-Sized Firms
Form of subsidy
Interest subsidy
Total amount granted (Fmk million) in 1994
0.5
Policy objectiveG/SCM/N/3/EEC
Page 229
To help SMEs with a sound business idea to overcome temporary financial difficulties due to
extremely high rate of interest that emerged in the years 1991-92.
Duration of a subsidy
No new decisions to grant aid have been made after 1993.
Legal basis
Decision of the Council of State on Interest Subsidy for Small and Medium-Sized
Firms (1184/1992),
Resolution of the Ministry of Trade and Industry 7/401/1992
8. Kera Ltd: Loan Programme for SMEs
Form of subsidy
Soft loan
Total amount granted (Fmk million) in 1994
1,471 (new loans in 1994)
Policy objective
Aid to SMEs
Duration of a subsidy
Ongoing
Legal basis
Kera Ltd. Act (65/1971), State budget
9. Interest Rate Subsidies to Finnish Export Credit Ltd.
Form of subsidy
Interest subsidy
Total amount granted (Fmk million) in 1994
195.8
Policy objective
Export credits; the terms and conditions of export credits conform with the OECD
arrangements on guidelines for officially supported export credits.
Duration of a subsidyG/SCM/N/3/EEC
Page 230
Ongoing
Legal basis
Act (1364/89, 242/92) concerning interest rate subsidies to, compensation of exchange rate losses
of and government guarantee for the lending of Finnish Export Credit Ltd.
10. Businesses' Internationalization
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
233.7
Policy objective
Aid to SMEs
Duration of a subsidy
Ongoing
Legal basis
Statement in the State Budget (Government Decree 210/90)
11. Energy Grants
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
98.5
Policy objective
Environmental aid,
Energy saving
Duration of a subsidy
Until 31.12.2000
Legal basis
Act on energy grants (1607/91, as amended by 1051/92 and 1086/93), statement in State budget
12. Grants for Industrial R&DG/SCM/N/3/EEC
Page 231
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
241.1
Policy objective
Aid for R&D
Duration of a subsidy
Ongoing
Legal basis
Council of State Decision for R&D Grants and Loans (150/85, as amended by 352/89, 841/93
and 1343/93)
13. Soft Loans for Industrial R&D
Form of subsidy
Soft loan
Total amount granted (Fmk million) in 1994
112.8 (new loans in 1994)
Policy objective
Aid for R&D
Duration of a subsidy
Ongoing
Legal basis
Council of State Decision for R&D Grants and Loans (150/85, as amended by 352/89, 841/93
and 1343/93)
14. Employment Subsidy Scheme
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994G/SCM/N/3/EEC
Page 232
790 of which support of unemployed persons starting enterprises Fmk 290 million
Policy objective
Aid to employment, support of unemployment persons starting enterprises
Duration of a subsidy
Ongoing
Legal basis
Employment Act (275/87) and Employment Decree (130/93)
15. The Employment Subsidy for Worsened Employment Situation
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
19
Policy objective
Aid to employment
Duration of a subsidy
Until 1.4.1995
Legal basis
Employment Decree (130/93)
16. Structural Change Scheme
Form of subsidy
Grant
Total amount granted (Fmk million) in 1994
12.1
Policy objective
Aid to employment
Duration of a subsidy
Ongoing