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Commission Regulation (EC) No 800/2008 (repealed)Show full title
Commission Regulation (EC) No 800/2008 of 6 August 2008 declaring certain categories of aid compatible with the common market in application of Articles 87 and 88 of the Treaty (General block exemption Regulation) (Text with EEA relevance) (repealed)
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SECTION 3Aid for female entrepreneurship
Article 16Aid for small enterprises newly created by female entrepreneurs
1.Aid schemes in favour of small enterprises newly created by female entrepreneurs shall be compatible with the common market within the meaning of Article 87(3) of the Treaty and shall be exempt from the notification requirement of Article 88(3) of the Treaty, provided that the conditions laid down in paragraphs 2 to 5 of this Article are fulfilled.
2.The beneficiaries shall be small enterprises newly created by female entrepreneurs.
3.The aid amount shall not exceed EUR 1 million per undertaking.
Annual amounts of aid per undertaking shall not exceed 33 % of the amounts of aid laid down in the first subparagraph.
4.The aid intensity shall not exceed 15 % of eligible costs incurred in the first five years after the creation of the undertaking.
5.The eligible costs shall be legal, advisory, consultancy and administrative costs directly related to the creation of the small enterprise, as well as the following costs, insofar as they are actually incurred within the first five years of the creation of the undertaking:
(a)interest on external finance and a dividend on own capital employed not exceeding the reference rate;
(b)fees for renting production facilities/equipment;
(c)energy, water, heating, taxes (other than VAT and corporate taxes on business income) and administrative charges;
(d)depreciation, fees for leasing production facilities/equipment as well as wage costs, provided that the underlying investments or job creation and recruitment measures have not benefited from other aid;
(e)child care and parent care costs including, where applicable, costs relating to parental leave.
6.Small enterprises controlled by shareholders of undertakings that have closed down in the previous 12 months cannot benefit from aid under this Article if the enterprises concerned are active in the same relevant market or in adjacent markets.
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