First time shareholders scheme from the United Kingdom
The State aid which the United Kingdom has implemented on the basis of the First time shareholder scheme (the scheme) is compatible with the common market as far as it concerns aid granted for the first time acquisition of a share in a new fishing vessel.
The United Kingdom shall submit the following information to the Commission:
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A list of beneficiaries that have received aid
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The total amount (principal and interests) to be recovered from each beneficiary
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A detailed description of the measures already taken and planned to comply with this Decision.
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Documents demonstrating that the beneficiaries have been ordered to repay the aid.
More Information
As part of Acts adopted under the EC Treaty/Euratom Treaty whose publication is not obligatory, the European Commission released its decision, on the 13th November 2007, concerning State aid C 39/06 (ex NN 94/05) — First time shareholders scheme implemented by the United Kingdom. (notified under document number C(2007) 5398). (Text with EEA relevance). (2008/166/EC). The official text was published in the Official Journal of the European Union on the 28th Feburary 2008.