The European Commission has found a DKK91 million ($22 million) Danish aid scheme to compensate organisers for the damage suffered due to the cancellation of large events with more than 1000 participants due to the COVID-19 outbreak to be in line with EU State aid rules.
Operators would be entitled to be compensated for the losses suffered as a consequence of the cancellations or postponement of events, for example those that had already sold tickets.
This is the first State aid measure notified by a member state to the Commission in relation to the COVID-19 outbreak.
To ensure that possible national support measures to tackle the outbreak of the COVID-19 virus can be put in place in a timely manner, in line with EU rules, the Commission has established a dedicated contact point for member states to provide them with guidance on possibilities under EU rules.
“With the scheme, Denmark will compensate the organisers of events cancelled due to the COVID-19 outbreak for the losses suffered,” said Executive Vice President Margrethe Vestager, who is in charge of competition policy.
“This is the first State aid measure notified to us by a member state in relation to the COVID-19 outbreak. We stand ready to work with all member states to ensure that possible national support measures to tackle the outbreak of the virus can be put in place as quickly and effectively as possible, in line with EU rules”.