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Common use of Aid Requirements Clause in Contracts

Aid Requirements. What are the State Aid Requirements and why do they apply to this Agreement? 8.1 Funding made available by Local Enterprise Partnerships and other Public Bodies acting through us to provide to you is known as de minimis aid under the State Aid Regulations. Further details on the State Aid Regulations as well as a list of possible forms of state aid and what does not constitute state aid can be found here xxxxx://xxx.xxx.xx/state-aid. 8.2 Under the State Aid Regulations before awarding you any support which comprises de minimis aid, we are required to check whether you (or any entity in your group) will have received,in the last three fiscal years (previous two fiscal and current fiscal year), more than €200,000 (€100,000 if you are an entity operating in the road transport sector) of de minimis aid taking into account the relevant amount. 8.3 The applicable Euro/Sterling exchange rate that you should use to determine the Euro equivalent of any amount of de minimis aid you have received in Pounds Sterling to assess whether the aforementioned thresholds have been exceeded is based on the Bank of England Daily Spot Check Rate. 8.4 To determine what level of de minimis aid you have received, you will be required to confirm how much de minimis aid you have already received in the same financial year in which you are applying for support (based on your accounting year by reference to your accounting reference date) as well as in the previous two financial years. So, to be clear, we will need details of any de minimis aid that you have received for 3 financial years (including the year that you are making the application for the support). 8.5 The value of the support we will provide through the service will vary from business to business based on the extent of support offered and taken up but may be up to £3000. In calculating the amount of aid for de minimis purposes, we will use a figure of £3000 at the start of any support. This is then added as the amount of the aid (being de minimis aid) for which you are applying through the Xxxxxxx Supply Chain Programme to determine whether you have exceeded the thresholds specified in Section 8.2. If you have exceeded the relevant thresholds, then you will be ineligible for support. This is why we ask you at the outset during the registration process to carefully review the State Aid Requirements to make sure that you are a suitable candidate for the Service and can satisfy the State Aid Requirements. We will advise you of the actual value once the support is concluded to enable you to comply with any future state aid notifications.

Appears in 3 contracts

Samples: Agreement for Use of the Hinkley Supply Chain Service, Agreement for Use of the Hinkley Supply Chain Service, Agreement for Use of the Hinkley Supply Chain Service

Aid Requirements. What are the State Aid Requirements and why do they apply to this Agreement? 8.1 10.1 Funding made available by Local Enterprise Partnerships and other Public Bodies acting through us to provide to you is known as de minimis aid under the State Aid Regulations. Further details on the State Aid Regulations as well as a list of possible forms of state aid and what does not constitute state aid can be found here xxxxx://xxx.xxx.xx/state-aid. 8.2 10.2 Under the State Aid Regulations before awarding you any support which comprises de minimis aid, we are required to check whether you (or any entity in your group) will have received,in the last three fiscal years (previous two fiscal and current fiscal year), more than €200,000 (€100,000 if you are an entity operating in the road transport sector) of de minimis aid taking into account the relevant amount. 8.3 10.3 The applicable Euro/Sterling exchange rate that you should use to determine the Euro equivalent of any amount of de minimis aid you have received in Pounds Sterling to assess whether the aforementioned thresholds have been exceeded is based on the Bank of England Daily Spot Check Rate. 8.4 10.4 To determine what level of de minimis aid you have received, you will be required to confirm how much de minimis aid you have already received in the same financial year in which you are applying for support (based on your accounting year by reference to your accounting reference date) as well as in the previous two financial years. So, to be clear, we will need details of any de minimis aid that you have received for 3 financial years (including the year that you are making the application for the support). 8.5 10.5 The value of the support we will provide through the service will vary from business to business based on the extent of support offered and taken up but may be up to £3000. In calculating the amount of aid for de minimis purposes, we will use a figure of £3000 at the start of any support. This is then added as the amount of the aid (being de minimis aid) for which you are applying through the Xxxxxxx Supply Chain Programme to determine whether you have exceeded the thresholds specified in Section 8.210.2. If you have exceeded the relevant thresholds, then you will be ineligible for support. This is why we ask you at the outset during the registration process to carefully review the State Aid Requirements to make sure that you are a suitable candidate for the Service and can satisfy the State Aid Requirements. We will advise you of the actual value once the support is concluded to enable you to comply with any future state aid notifications.

Appears in 1 contract

Samples: Agreement for Use of the Hinkley Supply Chain Service