European Commission Approves Spain Aid Regime for Cantabria Under Clean Industrial Deal State Aid Framework

The European Commission June 5 issued State Aid Case Decision No. SA.122075, approving Spain’s aid regime for Cantabria under the Clean Industrial Deal State Aid Framework (CISAF). The decision includes measures to: 1) set an estimated budget of 6 million euros (US$6.9 million); 2) authorize the aid until Dec. 31, 2026; 3) allow aid for eligible small and medium-sized enterprises (SMEs) and large enterprises, excluding undertakings in difficulty; 4) incentivize investment projects adding manufacturing capacity for CISAF-eligible net-zero technologies and related critical raw materials; 5) cap aid intensity at 20 percent of eligible costs, with SME increases, and limit aid ...