The European Commission has on October 13, confirmed that the Temporary Framework to further support companies facing turnover losses is prolonged.
All sections of the framework will be prolonged for an extra six (6) months up until June 20, 2021 and facilitate another extension period up until the end of September 2021.
The objective is to enable Member States to support businesses in the context of the coronavirus crisis, especially where the need or ability to use the Temporary Framework has not fully materialised so far, while protecting the level playing field. Before June 30, 2021, the Commission will review and examine the need to further prolong or adapt the Temporary Framework.
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