Commission approves 3.2 million euro public support for research and innovation projects

The European Commission has approved under EU State aid rules an Important Project of Common European interest (“IPCEI”) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. The seven Member States will provide in the coming years up to approximately 3.2 billion euro in funding for this project, which is expected to unlock an additional 5 billion euro in private investments. The completion of the overall project is planned for 2031. The project will involve 17 direct participants, mostly industrial actors, including small and medium-sized enterprises (SMEs), some of which with activities in more than one Member State.

Source : https://bit.ly/2F7xUOp