The scheme will allow state, regional or local authorities and certain public bodies to grant aid of up to 500,000 euros 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.
European Union (EU) Competition Commissioner Neelie Kroes said that the measure would give a shot in the arm to businesses affected by the current economic situation without leading to undue distortions of competition.
It is the first in a series of aid measures for businesses adopted by France and Portugal to tackle the current economic crisis.
