FAQs > The Application Process > What does De Minimis mean? (question asked on Application form)
We hope that we have addressed most of the questions you might have about the Innovation Voucher scheme on our website.
However, if you have a question that we have not covered here or elsewhere on the wesite, please contact the Advice Centre by emailing enquiries@innovationvouchers-wm.com or calling 0121 204 3883.
Search the FAQ for entries containing:
The Innovation Voucher Scheme operates under 'De Minimis' State aid rules.
De Minimis aid is the amount of aid which does not count as State aid i.e. aid received by a business under the De Minimis threshold figure need not be reported to the European Commission and is exempt from State aid rules.
The European Commission has recently approved a UK wide scheme to raise the value of De Minimis from €200,000 to €500,000. This has been approved as a temporary measure to help companies affected by the current economic conditions. The raised level is only valid until 31 December 2010.
This temporary measure allows for the total amount of aid that may be granted to any one undertaking (company or group) in a three-year period from Tuesday 01 January 2008 to Friday 31 December 2010 to be €500,000.
Last updated on March 31, 2010 by Innovations Vouchers