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Good news - restriction on automotive and motorsport sectors lifted under Enterprise Finance Guarantee
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Good news - restriction on automotive and motorsport sectors lifted under Enterprise Finance Guarantee

As of March 1st, the Automotive sector (and thereby motorsport companies) are included under EFG.

EFG is subject to sectoral restrictions arising from the EU De Minimis Aid rules, the Industrial Development Act 1982 (which provides the statutory basis for EFG) and also for national policy reasons. BERR has reviewed the EFG sectoral restrictions in the light of recent changes in the De Minimis Aid rules, in line with a desire for EFG to be available to as many viable businesses as possible. Where appropriate these changes have been agreed with the relevant sponsoring Government Departments.

For the full article please click here.

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