Commission Regulation (EC) No 70/2001 of 12 January 2001 on the application of Articles 87 and 88 of the EC Treaty to State aid to small and medium-sized enterprises
Date: 2001-01-12
Institutions: European Commission
Subjects: EU Member State, State aid, aid system, application of EU law, small and medium-sized enterprises

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COMMISSION REGULATION (EC) No 70/2001

of 12 January 2001

on the application of Articles 87 and 88 of the EC Treaty to State aid to small and medium-sized
enterprises

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

the Commission should make use of
conferred by Regulation (EC) No 994/98.

the powers

Having regard to the Treaty establishing the European
Community,

Having regard to Council Regulation (EC) No 994/98 of 7 May
1998 on the application of Articles 92 and 93 of the Treaty
establishing the European Community to certain categories of
horizontal State aid (1), and in particular points (a)(i) and (b) of
Article 1(1) thereof,

Having published a draft of this Regulation (2),

Having consulted the Advisory Committee on State Aid,

Whereas:

(1)

(2)

(3)

Regulation (EC) No 994/98 empowers the Commission
to declare, in accordance with Article 87 of the Treaty,
that under certain conditions aid to small and medium-
sized enterprises is compatible with the common market
and not subject to the notification requirement of Article
88(3) of the Treaty.

Regulation (EC) No 994/98 also empowers the Commis-
sion to declare,
in accordance with Article 87 of the
Treaty, that aid that complies with the map approved by
the Commission for each Member State for the grant of
regional aid is compatible with the common market and
is not subject to the notification requirement of Article
88(3) of the Treaty.

The Commission has applied Articles 87 and 88 of the
Treaty to small and medium-sized enterprises in and
outside assisted areas in numerous decisions and has
also stated its policy, most recently in the Community
guidelines on State aid for small and medium-sized
enterprises (3) and in the guidelines on national regional
aid (4). In the light of the Commission's considerable
experience in applying those Articles to small and
medium-sized enterprises and in the light of the general
texts relating to small and medium-sized enterprises and
to regional aid issued by the Commission on the basis of
those provisions,
is appropriate, with a view to
ensuring efficient supervision and simplifying adminis-
tration without weakening Commission monitoring, that

it

(1) OJ L 142, 14.5.1998, p. 1.
(2) OJ C 89, 28.3.2000, p. 15.
(3) OJ C 213, 23.7.1996, p. 4.
(4) OJ C 74, 10.3.1998, p. 9.

(4)

(5)

(6)

(7)

This Regulation is without prejudice to the possibility
for Member States of notifying aid to small and
medium-sized enterprises. Such notifications will be
assessed by the Commission in particular in the light of
the criteria set out in this Regulation. The guidelines on
State aid for small and medium-sized enterprises should
be abolished from the date of entry into force of this
Regulation, since their contents are replaced by this
Regulation.

Small and medium-sized enterprises play a decisive role
in job creation and, more generally, act as a factor of
social stability and economic drive. However,
their
development may be limited by market imperfections.
They often have difficulties in obtaining capital or credit,
given the risk-shy nature of certain financial markets and
the limited guarantees that they may be able to offer.
Their limited resources may also restrict their access to
information, notably regarding new technology and
potential markets. Having regard to those considera-
tions, the purpose of the aid exempted by this Regula-
tion should be to facilitate the development of
the
economic activities of small and medium-sized enter-
prises, provided that such aid does not adversely affect
trading conditions to an extent contrary to the common
interest.

This Regulation should exempt any aid that meets all the
relevant requirements of this Regulation, and any aid
scheme, provided that any aid that could be granted
under such scheme meets all the relevant requirements
of this Regulation. With a view to ensuring efficient
supervision and simplifying administration without
weakening Commission monitoring, aid schemes and
individual grants outside any aid scheme should contain
an express reference to this Regulation.

This Regulation should apply without prejudice to
special rules in regulations and directives concerning
State aid in certain sectors, such as currently exist for
shipbuilding, and should not apply to agriculture and
fisheries and aquaculture.

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(8)

(9)

(10)

In order to eliminate differences that might give rise to
distortions of competition, in order to facilitate coordi-
nation between different Community and national initia-
tives concerning small and medium-sized enterprises,
reasons of administrative clarity and legal
and for
‘small and medium-sized
the definition of
certainty,
enterprises’ used in this Regulation should be that laid
down in Commission Recommendation 96/280/EC of 3
April 1996 concerning the definition of small and
medium-sized enterprises (5). That definition was also
used in the Community guidelines on State aid for small
and medium-sized enterprises (6).

In accordance with the established practice of
the
Commission, and with a view to better ensuring that aid
is proportionate and limited to the amount necessary,
thresholds should be expressed in terms of aid intensities
in relation to a set of eligible costs, rather than in terms
of maximum aid amounts.

In order to determine whether or not aid is compatible
with the common market pursuant to this Regulation, it
is necessary to take into consideration the aid intensity
and thus the aid amount expressed as a grant equivalent.
The calculation of the grant equivalent of aid payable in
several instalments and aid in the form of a soft loan
requires the use of market interest rates prevailing at the
time of grant. With a view to a uniform, transparent,
and simple application of the State aid rules, the market
rates for the purposes of
this Regulation should be
deemed to be the reference rates, provided that, in the
case of a soft loan, the loan is backed by normal security
and does not involve abnormal risk. The reference rates
should be those which are periodically fixed by the
Commission on the basis of objective criteria and
published in the Official Journal of the European Communi-
ties and on the Internet.

(11) Having regard to the differences between small enter-
prises and medium-sized enterprises, different ceilings of
aid intensity should be set for small enterprises and for
medium-sized enterprises.

(13)

(14)

(15)

(16)

is appropriate to establish further conditions that
It
should be fulfilled by any aid scheme or individual aid
exempted by this Regulation. Having regard to Article
87(3)(c) of the Treaty, such aid should not normally
have the sole effect of continuously or periodically
reducing the operating costs which the beneficiary
would normally have to bear, and should be propor-
tionate to the handicaps that have to be overcome in
order to secure the socioeconomic benefits deemed to be
in the Community interest. It is therefore appropriate to
limit the scope of this Regulation to aid granted in
relation to certain tangible and intangible investments,
certain services supplied to beneficiaries and certain
other activities. In the light of Community overcapacity
in the transport sector, with the exception of railway
rolling stock, eligible investment costs for enterprises
having their main economic activity in the transport
sector should not include transport means and equip-
ment.

This Regulation should exempt aid to small and
medium-sized enterprises regardless of location. Invest-
ment and job creation can contribute to the economic
development of less favoured regions in the Community.
Small and medium-sized enterprises in those regions
suffer from both the structural disadvantage of the loca-
tion and the difficulties deriving from their size. It is
therefore appropriate that
small and medium-sized
enterprises in assisted regions should benefit from higher
ceilings.

In order not to favour the capital factor of an investment
over the labour factor, provision should be made for the
possibility of measuring aid to investment on the basis
of either the costs of the investment or the costs of new
employment linked to the carrying-out of the invest-
ment project.

In the light of the World Trade Organisation (WTO)
Agreement on Subsidies and Countervailing Measures (7),
this Regulation should not exempt export aid or aid
favouring domestic over imported products. Aid towards
the costs of participation in trade fairs or of studies or
consultancy services needed for the launch of a new or
existing product on a new market does not normally
constitute export aid.

(12)

The ceilings of aid intensity should be fixed, in the light
of the Commission's experience, at a level that strikes
the appropriate balance between minimising distortions
of competition in the aided sector and the objective of
facilitating the development of the economic activities of
small and medium-sized enterprises.

(17) Having regard to the need to strike the appropriate
balance between minimising distortions of competition
in the aided sector and the objectives of this Regulation,
it should not exempt individual aid grants which exceed
a fixed maximum amount, whether or not made under
an aid scheme exempted by this Regulation.

(5) OJ L 107, 30.4.1996, p. 4.
(6) See footnote 3.

(7) OJ L 336, 23.12.1994, p. 156.

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In order to ensure that the aid is necessary and acts as
an incentive to develop certain activities, this Regulation
should not exempt aid for activities in which the benefi-
ciary would already engage under market conditions
alone.

This Regulation should not exempt aid cumulated with
other State aid,
including aid granted by national,
regional or local authorities, or with Community assis-
tance, in relation to the same eligible costs, when such
cumulation exceeds the thresholds fixed in this Regula-
tion.

2.

This Regulation shall not apply:

(a) to activities

linked to the production, processing or
marketing of products listed in Annex I to the Treaty;

(b) to aid to export-related activities, namely aid directly linked
to the quantities exported, to the establishment and opera-
tion of a distribution network or to other current expendi-
ture linked to the export activity;

(c) to aid contingent upon the use of domestic over imported

goods.

(18)

(19)

(20)

to

and

order

ensure

transparency

In
effective
monitoring, in accordance with Article 3 of Regulation
(EC) No 994/98, it is appropriate to establish a standard
in which Member States should provide the
format
Commission with summary information whenever,
in
pursuance of this Regulation, an aid scheme is imple-
mented or an individual aid outside such schemes is
granted, with a view to publication in the Official Journal
of the European Communities. For the same reasons, it is
appropriate to establish rules concerning the records
that Member States should keep regarding the aid
exempted by this Regulation. For the purposes of the
annual report to be submitted to the Commission by
Member States, it is appropriate for the Commission to
establish its specific requirements, including, in view of
the wide availability of the necessary technology, infor-
mation in computerised form.

(21) Having regard to the Commission's experience in this
area, and in particular the frequency with which it is
generally necessary to revise State aid policy, it is appro-
priate to limit the period of application of this Regula-
tion. Should this Regulation expire without being
extended, aid schemes already exempted by this Regula-
tion should continue to be exempted for six months,

HAS ADOPTED THIS REGULATION:

Article 1

Scope

1. Without prejudice to special Community Regulations or
Directives under the EC Treaty governing the granting of State
aid in specific sectors, whether more or less restrictive than this
Regulation, this Regulation applies to aid granted to small and
medium-sized enterprises in all sectors.

Article 2

Definitions

For the purpose of this Regulation:

(a) ‘aid’ shall mean any measure fulfilling all the criteria laid

down in Article 87(1) of the Treaty;

(b) ‘small and medium-sized enterprises’ shall mean enterprises

as defined in Annex I;

(c) ‘investment in tangible assets’ shall mean an investment in
fixed physical assets relating to the creation of a new
establishment, the extension of an existing establishment,
or the engagement in an activity involving a fundamental
change in the product or production process of an existing
establishment (in particular through rationalisation, diversi-
fication or modernisation). An investment in fixed assets
undertaken in the form of the takeover of an establishment
which has closed or which would have closed had it not
been purchased shall also be regarded as tangible invest-
ment;

(d) ‘investment in intangible assets’ shall mean investment in
transfer of technology by the acquisition of patent rights,
licences, know-how or unpatented technical knowledge;

(e) ‘gross aid intensity’ shall mean the aid amount expressed as
a percentage of the project's eligible costs. All figures used
shall be taken before any deduction for direct taxation.
Where aid is awarded in a form other than a grant, the aid
amount shall be the grant equivalent of
the aid. Aid
payable in several
instalments shall be discounted to its
value at the moment of granting. The interest rate to be
used for discounting purposes and for calculating the aid
amount in a soft loan shall be the reference rate applicable
at the time of grant;

(f) ‘net aid intensity’ shall mean the aid amount net of tax
expressed as a percentage of the project's eligible costs;

(g) ‘number of employees’ shall mean the number of annual
labour units
(ALU), namely the number of persons
employed full time in one year, part-time and seasonal
work being ALU fractions.

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Article 3

Conditions for exemption

The higher regional aid ceilings shall only apply if the aid is
granted under the condition that the investment is maintained
in the recipient region for at least five years and that the
beneficiary's contribution to its financing is at least 25 %.

Individual aid outside any scheme, fulfilling all the condi-
1.
tions of this Regulation, shall be compatible with the common
market within the meaning of Article 87(3) of the Treaty and
shall be exempt from the notification requirement of Article
88(3) of the Treaty provided that it contains an express refer-
ence to this Regulation, by citing its title and publication
reference in the Official Journal of the European Communities.

2.
Aid schemes fulfilling all the conditions of this Regula-
tion shall be compatible with the common market within the
meaning of Article 87(3) of the Treaty and shall be exempt
from the notification requirement of Article 88(3) of the Treaty
provided that:

(a) any aid that could be awarded under such scheme fulfils all

the conditions of this Regulation;

(b) the scheme contains an express reference to this Regula-
tion, by citing its title and publication reference in the
Official Journal of the European Communities.

3.
Aid granted under the schemes referred to in paragraph 2
shall be compatible with the common market within the
meaning of Article 87(3) of the Treaty and shall be exempt
from the notification requirement of Article 88(3) of the Treaty
provided that the aid granted directly fulfils all the conditions
of this Regulation.

Article 4

Investment

1.
Aid for investment in tangible and intangible assets inside
or outside the Community shall be compatible with the
common market within the meaning of Article 87(3) of the
Treaty and shall be exempt from the notification requirement
of Article 88(3) of the Treaty if it fulfils the conditions of
paragraphs 2 to 6.

2.

The gross aid intensity shall not exceed:

(a) 15 % in the case of small enterprises;

(b) 7,5 % in the case of medium-sized enterprises.

4.
The ceilings fixed in paragraphs 2 and 3 shall apply to
intensity of the aid calculated either as a percentage of the
investment's eligible costs or as a percentage of the wage costs
of employment created by the carrying-out of an investment
(aid to job creation) or a combination thereof, provided the aid
does not exceed the most favourable amount resulting from
the application of either calculation.

5.
In cases where the aid is calculated on the basis of the
investment's costs, the eligible costs of tangible investment
shall be the costs relating to investment in land, buildings,
machinery and equipment. In the transport sector, except for
railway rolling stock, transport means and transport equipment
shall not be included in the eligible costs. The eligible costs of
intangible investment shall be the costs of acquisition of the
technology.

the amount of

In cases where the aid is calculated on the basis of jobs
6.
the aid shall be expressed as a
created,
percentage of
two years
relating to the employment created under the following condi-
tions:

the wage costs over a period of

(a) job creation shall be linked to the carrying-out of a project
of investment in tangible or intangible assets. Jobs shall be
created within three years of the investment's completion;

(b) the investment project shall lead to a net increase in the
number of employees in the establishment concerned,
compared with the average over
the previous twelve
months; and

(c) the employment created shall be maintained during a

minimum period of five years.

Article 5

Consultancy and other services and activities

3. Where the investment takes place in areas which qualify
for regional aid, the aid intensity shall not exceed the ceiling of
regional investment aid determined in the map approved by
the Commission for each Member State by more than:

(a) 10 percentage points gross in areas covered by Article
87(3)(c), provided that the total net aid intensity does not
exceed 30 %; or

(b) 15 percentage points gross in areas covered by Article
87(3)(a), provided that the total net aid intensity does not
exceed 75 %.

Aid to small and medium-sized enterprises that
the
following conditions shall be compatible with the common
market within the meaning of Article 87(3) of the Treaty and
shall be exempt from the notification requirement of Article
88(3) of the Treaty:

fulfil

(a) for services provided by outside consultants, the gross aid
shall not exceed 50 % of the costs of such services. The
services concerned shall not be a continuous or periodic
activity nor relate to the enterprise's usual operating expen-
diture, such as routine tax consultancy services, regular
legal services, or advertising;

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(b) for participation in fairs and exhibitions, the gross aid shall
not exceed 50 % of
the additional costs incurred for
renting, setting up and running the stand. This exemption
shall only apply to the first participation of an enterprise in
a particular fair or exhibition.

Article 9

Transparency and monitoring

Article 6

Large individual aid grants

This Regulation shall not exempt an individual aid grant where
one of the following thresholds is met:

(a) the total eligible costs of the whole project are at least

EUR 25 000 000 and

(i) in areas which do not qualify for regional aid, the gross
aid intensity is at least 50 % of the ceilings laid down in
Article 4(2);

(ii) in areas which qualify for regional aid, the net aid
the net aid ceiling as
the area

intensity is at
least 50 % of
determined in the regional aid map for
concerned; or

(b) the total gross aid amount is at least EUR 15 000 000.

Article 7

Necessity for the aid

This Regulation shall only exempt aid if, before work on the
aided project is started:

— either an application for aid has been submitted to the

Member State by the beneficiary, or

— the Member State has adopted legal provisions establishing
a legal right
to aid according to objective criteria and
without further exercise of discretion by the Member State.

Article 8

Cumulation

The aid ceilings fixed in Articles 4, 5 and 6 shall apply
1.
regardless of whether the support for the aided project is
financed entirely from State resources or is partly financed by
the Community.

2.
Aid exempted by this Regulation shall not be cumulated
with any other State aid within the meaning of Article 87(1) of
the Treaty, or with other Community funding, in relation to
the same eligible costs, if such cumulation would result in an
aid intensity exceeding that fixed by this Regulation.

1.
On implementation of an aid scheme, or grant of indi-
vidual aid outside any scheme, exempted by this Regulation,
Member States shall, within 20 working days, forward to the
Commission, with a view to its publication in the Official
Journal of the European Communities, a summary of the informa-
tion regarding such aid scheme or individual aid in the form
laid down in Annex II.

2. Member States shall maintain detailed records regarding
the aid schemes exempted by this Regulation, the individual aid
granted under those schemes, and the individual aid exempted
by this Regulation that is granted outside any existing aid
scheme. Such records shall contain all information necessary to
establish that the conditions for exemption, as laid down in
this Regulation, are fulfilled,
including information on the
status of the company as an SME. Member States shall keep a
record regarding an individual aid for 10 years from the date
on which it was granted, and regarding an aid scheme, for 10
years from the date on which the last individual aid was
granted under such scheme. On written request, the Member
State concerned shall provide the Commission, within a period
of 20 working days or such longer period as may be fixed in
the request, with all the information which the Commission
considers necessary to assess whether the conditions of this
Regulation have been complied with.

3. Member States shall compile a report on the application
of this Regulation in respect of each whole or part calendar
in the form laid
year during which this Regulation applies,
down in Annex III, also in computerised form. Member States
shall provide the Commission with such report no later than
three months after the expiry of the period to which the report
relates.

Article 10

Entry into force and period of validity

1.
This Regulation shall enter into force on the 20th day
following that of its publication in the Official Journal of the
European Communities.

It shall remain in force until 31 December 2006.

At the end of the period of validity of this Regulation, aid
remain

2.
schemes
exempted during an adjustment period of six months.

this Regulation shall

exempted under

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This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 12 January 2001.

For the Commission

Mario MONTI

Member of the Commission

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ANNEX I

Definition of small and medium-sized enterprises

(extract from the Commission Recommendation 96/280/EC of 3 April 1996 concerning the definition of small and medium-sized
enterprises (OJ L 107, 30.4.1996, p. 4))

1.

Small and medium-sized enterprises, hereinafter referred to as “SMEs”, are defined as enterprises which:

‘Article 1

— have fewer than 250 employees, and

— have either,

— an annual turnover not exceeding EUR 40 million, or

— an annual balance-sheet total not exceeding EUR 27 million,

— conform to the criterion of independence as defined in paragraph 3.

2. Where it is necessary to distinguish between small and medium-sized enterprises, the “small enterprise” is defined as
an enterprise which:

— has fewer than 50 employees and

— has either,

— an annual turnover not exceeding EUR 7 million, or

— an annual balance-sheet total not exceeding EUR 5 million,

— conforms to the criterion of independence as defined in paragraph 3.

3.
Independent enterprises are those which are not owned as to 25 % or more of the capital or the voting rights by
one enterprise, or jointly by several enterprises, falling outside the definitions of an SME or a small enterprise, whichever
may apply. This threshold may be exceeded in the following two cases:

— if the enterprise is held by public investment corporations, venture capital companies or institutional

investors,

provided no control

is exercised either individually or jointly,

— if the capital is spread in such a way that it is not possible to determine by whom it is held and if the enterprise
declares that it can legitimately presume that it is not owned as to 25 % or more by one enterprise, or jointly by
several enterprises, falling outside the definitions of an SME or a small enterprise, whichever may apply.

4.
In calculating the thresholds referred to in paragraphs 1 and 2, it is therefore necessary to cumulate the relevant
figures for the beneficiary enterprise and for all the enterprises that it directly or indirectly controls through possession of
25 % or more of the capital or of the voting rights.

5. Where it is necessary to distinguish microenterprises from other SMEs, these are defined as enterprises having fewer
than 10 employees.

6. Where, at the final balance sheet date, an enterprise exceeds or falls below the employee thresholds or financial
ceilings, this is to result in its acquiring or losing the status of “SME”, “medium-sized enterprise”, “small enterprise” or
“microenterprise” only if the phenomenon is repeated over two consecutive financial years.

The number of persons employed corresponds to the number of annual working units (AWU), that is to say, the
7.
number of full-time workers employed during one year with part-time and seasonal workers being fractions of AWU. The
reference year to be considered is that of the last approved accounting period.

8.
The turnover and balance sheet total thresholds are those of the last approved 12-month accounting period. In the
case of newly-established enterprises whose accounts have not yet been approved, the thresholds to apply shall be derived
from a reliable estimate made in the course of the financial year.’

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ANNEX II

Form of summary information to be provided whenever an aid scheme exempted by this Regulation is implemented
and whenever an individual aid exempted by this Regulation is granted outside any aid scheme

Summary information on State aid granted in conformity with Commission Regulation (EC) No 70/2001

Summary information to be filled in

Explanatory remarks

Member state

Region

Indicate the name of the region if the aid is granted by a
subcentral authority

Title of aid scheme or name of company receiving an
individual aid

Indicate the name of the aid scheme or in case of individual
aid, the name of the beneficiary.
In the latter case, no subsequent annual report is necessary!

Legal basis

Indicate the precise national
scheme or for the individual aid

legal reference for the aid

Annual expenditure planned under the scheme or overall
amount of individual aid granted to the company

Amounts are to be given in euro or, if applicable, national
currency.

In case of an aid scheme:

indicate the annual overall amount of the budget appropria-
tion(s) or the estimated tax loss per year for all aid instru-
ments contained in the scheme.

In case of an individual aid award:

indicate the overall aid amount/tax loss. If apporpriate, indi-
cate also for how many years the aid will be paid in instal-
ments or over how many years tax losses will be incurred.

For guarantees in both cases,
amount of loans guaranteed

indicate the (maximum)

Indicate the maximum aid instensity or the maximum aid
amount per eligible item

Indicate the date from which aid may be granted under the
scheme or when the individual aid is granted

Indicate the date (year and month) until which aid may be
granted under the scheme or in case of an individual aid and
if appropriate the expected date (year and month) of the last
instalment to be paid

It is understood that the primary objective is aid to SME. This
field gives the opportunity to indicate further (secondary)
objectives pursued (e.g. small enterprises only or SME; invest-
ment aid/consultancy)

Maximum aid intensity

Date of implementation

Duration of scheme or individual aid award

Objective of aid

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Summary information to be filled in

Explanatory remarks

Economic Sector(s) concerned

Choose from the list, where relevant

(cid:1) All sectors

or

(cid:1) Coalmining

(cid:1) All manufacturing

or

(cid:1) Steel

(cid:1) Shipbuilding

(cid:1) Synthetic fibres

(cid:1) Motor vehicles

(cid:1) Other manufacturing

(cid:1) All services

or

(cid:1) Transport services

(cid:1) Financial services

(cid:1) Other services

Remarks:

Name and address of the granting authority

Other information

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ANNEX III

Form of the periodic report to be provided to the Commission

Annual reporting format on aid schemes exempted under a group exemption regulation adopted pursuant to
Article 1 of Council Regulation (EC) No 994/98

Member States are required to use the format below for their reporting obligations to the Commission under group
exemption regulations adopted on the basis of Council Regulation (EC) No 994/98.

The reports should also be provided in computerised form.

Information required for all aid schemes exempted under group exemption regulations adopted pursuant to Article 1 of Council
Regulation (EC) No 994/98

1. T i t l e o f a i d s c h e m e

2. C o m m i s s i o n e x e m p t i o n r e g u l a t i o n a p p l i c a b l e

3. E x p e n d i t u r e

Separate figures have to be provided for each aid instrument within a scheme or individual aid (e.g. grant, soft loans,
etc.) The figures have to be expressed in euro or, if applicable, national currency. In the case of tax expenditure, annual
tax losses have to be reported. If precise figures are not available, such losses may be estimated.

These expenditure figures should be provided on the following basis.

For the year under review indicate separately for each aid instrument within the scheme (e.g. grant, soft loan,
guarantee, etc.):

3.1. amounts committed, (estimated) tax losses or other revenue forgone, data on guarantees, etc. for new assisted
projects. In the case of guarantee schemes, the total amount of new guarantees handed out should be provided;

3.2. actual payments, (estimated) tax losses or other revenue forgone, data on guarantees, etc. for new and current
projects. In the case of guarantee schemes, the following should be provided: total amount of outstanding
guarantees, premium income, recoveries, indemnities paid out, operating result of the scheme under the year
under review;

3.3. number of new assisted projects;

3.4. estimated overall number of jobs created or maintained by new projects (if appropriate);

3.5. estimated overall amount of investment aided by new projects;

3.6. Regional breakdown of amounts under point 3.1 either by regions defined at NUTS (1) level 2 or below or by

Article 87(3)(a) regions, Article 87(3)(c) regions and non-assisted regions;

3.7. Sectorial breakdown of amounts under point 3.1. by beneficiaries' sectors of activity (if more than one sector is

covered,

indicate the share of each):

coalmining

manufacturing

of which:

steel

shipbuilding

synthetic fibres

motor vehicles

other manufacturing (please specify)

services

of which:

transport services

financial services

other services (please specify)

other sectors (please specify)

4. O t h e r

i n f o r m a t i o n a n d r e m a r k s .

(1) NUTS is the nomenclature of territorial units for statistical purposes in the Community.