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Info session on the application of EU rules, affecting eligibility for grants & subsidies

We have recently been contacted by a number of member companies that have been confronted with difficulties when submitting an R&D project proposal at VLAIO (Flemish R&D Grant office). Since 1/10/2017 VLAIO conformed its internal evaluation criteria for grant funding with the European guidelines on State aid for rescuing and restructuring firms in difficulty.

On January 18th, we will organise an info session on this topic.

 

REGISTRATION


Please send us an e-mail if you want to attend this session.

 

BACKGROUND INFO:

According to the Community Guidelines, an undertaking (older than 3 years) is considered to be in difficulty if at least one of the following circumstances occurs:

  • A limited liability company where more than half of its subscribed share capital has disappeared as a result of accumulated losses. 
    This is the case when deduction of accumulated losses from reserves (and all other elements generally considered as part of the own funds of the company) leads to a negative cumulative amount that exceeds half of the subscribed share capital.
  • A company where at least some members have unlimited liability for the debt of the company (27), where more than half of its capital as shown in the company accounts has disappeared as a result of accumulated losses.
  • The undertaking is subject to collective insolvency proceedings or fulfils the criteria under its domestic law for being placed in collective insolvency proceedings at the request of its creditors.
  • An undertaking that is not an SME, where, for the past two years:
    • the book debt to equity ratio has been greater than 7,5 and
    • the EBITDA interest coverage ratio has been below 1,0.

 

For the high-tech sector, the most dangerous criterium is definitely the first one.
This is also not a “Flanders only” issue. We expect equal problems in other regions or member states, today or in the near future. Please also realise that if you are younger than three years, you are not affected today, but will be in the near future.

 

 

 

 

Event Details

Date:

Thursday, January 18, 2018 (11:30 h - 14:00 h)

Location:

flanders.bio 
Jean-Baptiste de Ghellincklaan 13 b0102
9051 GENT

Price:

Free of charge for flanders.bio members.

2018-01-18 11:30:00 2018-01-18 14:00:00 Europe/Brussels Info session on the application of EU rules, affecting eligibility for grants & subsidies flanders.bio Jean-Baptiste de Ghellincklaan 13 b01029051 GENT

More info?

For any further information about this event, please do not hesitate to get in touch with our Programme Manager CONNECT & FUND

Alternate Text

Dhooge Willem

Programme Manager CONNECT & FUND

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