The European Commission has recently launched a public consultation and a call for evidence to evaluate the Guarantee Notice’s fit for purpose and how it has functioned over time since its last review in 2008. The Guarantee Notice describes how the Commission assesses State guarantees on loans to businesses (which can be a form of state aid).
The evaluation will focus on the effectiveness, efficiency, relevance, coherence and EU added-value of the Guarantee Notice in:
providing guidance on market-compliant guarantee premiums to rule out the presence of state aid and prevent distortions of competition;
increasing legal certainty for stakeholders and increasing transparency on the Commission’s policy;
introducing easy-to-apply rules for SMEs to improve their access to finance.
If you have an interest in this initiative and wish to participate in this consultation, the Public Consultation is open for comments until 21 November 2022.