The European Commission has adopted a revised Communication on State aid rules for Important Projects of Common European Interest (‘IPCEI Communication’). The revised IPCEI Communication will apply from 1 January 2022. It sets the criteria for the Commission to assess Member State support to cross-border IPCEIs that overcome market failures and enable breakthrough innovation in key sectors and technologies and infrastructure investments, with positive spill-over effects for the EU economy at large.
Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “Our State aid rules on Important Projects of Common European Interest enable Member States and the industry to jointly invest in breakthrough innovation and infrastructure. They do so when the market alone does not deliver, because the risks are too big for a single Member State or company to take. And it has to benefit the EU economy at large. Following an extensive consultation process, we have made targeted changes to our rules to further enhance the openness of IPCEIs and facilitate the participation of small and medium-sized enterprises.”