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The Commission authorised the first in a series of aid measures for businesses adopted by France to tackle the current economic crisis. The scheme will allow state, regional or local authorities and certain public bodies to grant aid of up to €500 000 in 2009 and 2010 to businesses which find themselves in difficulty as a result of the current economic crisis or are experiencing financing problems because of the credit squeeze.
The scheme is based on the provisions of the temporary framework that deal with compatible aid of a limited amount. In particular, the maximum amount of aid does not exceed €500 000 per company and the scheme applies only to businesses which were not in difficulty on 1 July 2008 or which were not in difficulty then but became so subsequently as a result of the economic crisis.