- Block exemptions — Insurance
This chapter considers the application of State aid law in general to small and medium-sized enterprises (SMEs), including in particular the issue of SMEs’ access to finance. The chapter begins by considering the situations in which SME support may give rise to aid within the meaning of Article 107(1). The scope of and conditions for the SME exemptions in the GBER are then discussed, and the different types of exempt aid are outlined. The chapter goes on to discuss the application of the Risk Finance Guidelines, which are targeted mainly at SMEs but may sometimes apply to larger undertakings. The direct authorisation of State aid to SMEs (including risk finance aid) under Article 107(2) and (3) TFEU is then addressed. The chapter concludes with a discussion of the application of Articles 107 and 108 TFEU to short-term export credit insurance.