Lord Harrison
Chair, EU Sub Committee A - Economic and Financial Affairs
To ask Her Majesty's Government what the timetable is for the forthcoming European Union state aid modernisation review.
Baroness Wilcox
The Parliamentary Under-Secretary of State for Business, Innovation and Skills
The European Commission intends that the principal elements of the modernisation package will be in place by the end of 2013.
The work will take place in stages. Work is already under way on revision of the regional aid guidelines, and initial work will begin over the autumn on other guidelines including those on risk capital, environmental aid and aid for research, development and innovation. Work will also start on the procedural regulation which governs the way the Commission handles state aid cases.
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