Guidance for Member States on Article 37(4) CPR– Support to enterprises/working capital
|Available languages :|
The issue of eligibility of working capital was raised in the process of the implementation of financial engineering instruments in 2007-2013 and in the process of modifying Regulation (EC) No 1828/2006 in 2011. The legislative framework of 2007-2013 did not refer explicitly to working capital. Restrictions on eligibility of working capital stemmed from the provisions on eligible stages of enterprises under Article 45 of Regulation (EC) No 1828/2006, which were removed following the modification of 2011.
For the 2014-2020 framework, Member States requested that eligibility rules for financial instrument (FI), support to enterprises and the notion of working capital are included in the CPR. Therefore, Article 37(4) CPR sets out the eligibility rules for support to enterprises, including working capital.
|More information :|