State Aid Notification and Other Notices

SCR JESSICA Background

The SCR JESSICA Fund (the SCRJ) was established in December 2012 as an Urban Development Fund under the 2007 – 2013 ERDF Programme in South Yorkshire.

The SCRJ is a publicly owned Limited Partnership operated through a publicly owned General Partner. A private sector Fund Manager has been procured to provide investment advice to the General Partner.

The primary objective of the SCRJ was to provide commercial loans to enable commercial property development (primarily office and manufacturing workspace) within the South Yorkshire area.

The SCRJ has successfully deployed its initial funding as commercial loans.

Additional Funding and State Aid

The SCRJ has secured additional capital from the Sheffield City Region (SCR) Combined Authority to be invested in commercial developments in the SCR area that serve an economic purpose. The additional funding has been provided on a flexible basis so that the SCRJ can deploy its investments either as commercial loans or in the form of grants, repayable advances or loans with sub-commercial interest rates where such investment can be justified.

The SCRJ has therefore notified the Commission of its intention to utilise three Schemes within the 2014 GBER (Article 14, 17 and 56). Full details can be found at: http://www.scrjessica.co.uk/?q=latest-news

SCR JESSICA - Background

General Conditions

1. Title
The SCR JESSICA Regional Aid scheme (the “Scheme”)

2. Member State
United Kingdom

3. Regions
East Midlands
Yorkshire and the Humber

4. Organisations permitted to award aid under the Scheme
South Yorkshire Property Investment Company Ltd
SCRUDF Limited Partnership

5. Legal Basis
Aid under the Scheme may be awarded in accordance with the relevant terms and conditions of the General Block Exemption Regulation 2014-2020 (“GBER”). Each award must comply with the General Conditions of the Scheme and the relevant Specific Condition(s).

6. UK legal authority to award aid
The South Yorkshire Property Investment Company and SCRUDF Limited Partnership is authorised to award aid under domestic law, including:

• Limited Partnerships Act 1907
• Companies Act 2006
• Part 6 of the Local Democracy, Economic Development and Construction Act 2009

7. Duration

From 1.12.2017 to 31.12.2020

8. Forms of aid

Awards under the Scheme may take the form of:
• Grants;
• Loans below the reference rate; and
• Repayable advances.

9. Incentive Effect

All awards under the Scheme must demonstrate the ‘incentive effect’ in accordance with the requirements of the GBER.

This may involve the submission of documents to the funder prior to the award of funding.

10. Reporting

All awards are conditional upon the recipient providing suitable information to meet GBER reporting requirements set out in the GBER.

11. Cumulation

Aid awarded under the Scheme may only be cumulated with other awards of State Aid where these relate to different eligible costs.

12. Budget

In any calendar year the Scheme shall not be used to provide awards which cumulatively exceed €20 million. This sum is provided for State Aid purposes only and does not reflect a committed budget.

13. Funding

The awards of aid provided under the Scheme may come from EU structured funds and state funds.
All awards of funding must identify the relevant regulation used to award funding; these are listed under specific conditions.

14. Primacy

In the event that any part of this scheme is inconsistent with the GBER, the provisions of GBER shall prevail.

15. Contact

Questions about this scheme should be directed to the SCR JESSICA, c/o Ben Morley, City Growth - Sheffield City Council, 11 Broad St West, Sheffield S1 2BQ

SCR JESSICA Local Infrastructure Scheme

General Conditions

1. Title

The SCR JESSICA Local Infrastructures Scheme (the “Scheme”)

2. Member State

United Kingdom

3. Regions

East Midlands;
Yorkshire and the Humber

4. Organisations permitted to award aid under the Scheme

South Yorkshire Property Investment Company Ltd
SCRUDF Limited Partnership

5. Legal Basis

Aid under the Scheme may be awarded in accordance with the relevant terms and conditions of the General Block Exemption Regulation 2014-2020 (“GBER”). Each award must comply with the General Conditions of the Scheme and the relevant Specific Condition(s).

6. UK legal authority to award aid

The South Yorkshire Property Investment Company and SCRUDF Limited Partnership is authorised to award aid under domestic law, including:

• Limited Partnerships Act 1907
• Companies Act 2006
• Part 6 of the Local Democracy, Economic Development and Construction Act 2009

7. Duration

From 1.7.2014 to 31.12.2020

8. Forms of aid

Awards under the Scheme may take the form of
• Grants;

• Loans below the reference rate; and
• Repayable advances.

9. Incentive Effect

All awards under the Scheme must demonstrate the ‘incentive effect’ in accordance with the requirements of the GBER.

This may involve the submission of documents to the funder prior to the award of funding.

10. Reporting

All awards are conditional upon the recipient providing suitable information to meet GBER reporting requirements set out in the GBER.

11. Cumulation

Aid awarded under the Scheme may only be cumulated with other awards of State Aid where these relate to different eligible costs.

12. Budget

In any calendar year the Scheme shall not be used to provide awards which cumulatively exceed €5 million. This sum is provided for State Aid purposes only and does not reflect a committed budget.

13. Funding

The awards of aid provided under the Scheme may come from EU structural funds and state funds.

All awards of funding must identify the relevant regulation used to award funding, these are listed under specific conditions.

14. Primacy

In the event that any part of this scheme is inconsistent with the GBER, the provisions of GBER shall prevail.

15. Contact

Questions about this scheme should be directed to the SCR JESSICA, c/o Ben Morley, City Growth - Sheffield City Council, 11 Broad St West, Sheffield S1 2BQ

SCR JESSICA SME Aid Scheme

General Conditions

1. Title
The SCR JESSICA SME Aid scheme (the “Scheme”)

2. Member State
United Kingdom

3. Regions
East Midlands
Yorkshire and the Humber

4. Organisations permitted to award aid under the Scheme
South Yorkshire Property Investment Company Ltd
SCRUDF Limited Partnership

5. Legal Basis
Aid under the Scheme may be awarded in accordance with the relevant terms and conditions of the General Block Exemption Regulation 2014-2020 (“GBER”). Each award must comply with the General Conditions of the Scheme and the relevant Specific Condition(s).

6. UK legal authority to award aid
The South Yorkshire Property Investment Company and SCRUDF Limited Partnership are authorised to award aid under domestic law, including:

• Limited Partnerships Act 1907
• Companies Act 2006
• Part 6 of the Local Democracy, Economic Development and Construction Act 2009

7. Duration

From 1.12.2017 to 31.12.2020

8. Forms of aid

Awards under the Scheme may take the form of:
• Grants;
• Loans below the reference rate; and
• Repayable advances.

9. Incentive Effect

All awards under the Scheme must demonstrate the ‘incentive effect’ in accordance with the requirements of the GBER.

This may involve the submission of documents to the funder prior to the award of funding.

10. Reporting

All awards are conditional upon the recipient providing suitable information to meet GBER reporting requirements set out in the GBER.

11. Cumulation

Aid awarded under the Scheme may only be cumulated with other awards of State Aid where these relate to different eligible costs.

12. Budget

In any calendar year the Scheme shall not be used to provide awards which cumulatively exceed €20 million. This sum is provided for State Aid purposes only and does not reflect a committed budget.

13. Funding

The awards of aid provided under the Scheme may come from EU structured funds and state funds.
All awards of funding must identify the relevant regulation used to award funding; these are listed under specific conditions.

14. Primacy

In the event that any part of this scheme is inconsistent with the GBER, the provisions of GBER shall prevail.

15. Contact

Questions about this scheme should be directed to the SCR JESSICA, c/o Ben Morley, City Growth - Sheffield City Council, 11 Broad St West, Sheffield S1 2BQ