Community Research and Development Information Service - CORDIS

Fund for the Promotion of Industrial Research in Flanders (FIOV)

A Commission notice related to state aid (C 25/90, ex 202/90) in the case of Belgium, concerns the draft Decree of the Flemish Executive on the Fund for Promotion of Industrial Research in Flanders. The Commission has decided to terminate the procedure begun on 25 July 1990 (O...
A Commission notice related to state aid (C 25/90, ex 202/90) in the case of Belgium, concerns the draft Decree of the Flemish Executive on the Fund for Promotion of Industrial Research in Flanders. The Commission has decided to terminate the procedure begun on 25 July 1990 (OJ No C 237 of 21.9.1990) under Article 92 (3) of the EEC Treaty, and approves the new FIOV arrangements. Amendments relate to intensity of aid for basic research (not more than 50% net grant equivalent of eligible costs) and applied R&D (25% in the event of success, 40% in the event of failure). An exceptional (10%) increase in these ceilings is envisaged provided that one among several stated conditions are met, inter alia that the research project is explicitly linked to an ongoing Community project or programme. Clauses relating to "research, development and delivery" loans and to 100% financing of research, have been removed from the draft. Projects whose cost exceeds ECU 20 million (ECU 30 million in the case of EUREKA projects), must be notified pursuant to Article 93 (3).
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