When granting a guarantee that is de minimis aid, European regulations (*) stipulate that the total amount of de minimis aid granted to a single undertaking must not exceed €200,000 over a period of three fiscal years. For companies active in road haulage on behalf of third parties, this is 100,000 euros.

For guarantees, this aid, called gross grant equivalent (GGE) is calculated as follows:

Gross grant equivalent = guarantee amount granted x 2.6666667 % x duration

Guarantees exceeding €750,000 are limited to a maximum of 5 years.

If a company is granted both de minimis aid and other form of State aid for the same project / costs, cumulation is possible provided that the sum obtained through both aid measures (de minimis aid + other form of State aid) is below the respective ceilings.

(*) Commission Regulation (EU) No 1407/2013 of 18 December 2013 for the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid, published in the Official Journal of the European Union of 24 December 2013, L352, p. 1