What is the difference between gross grant equivalent (GGE) and net grant equivalent (NGE)?
Grants are awarded to groups or individuals who meet a very specific criteria. The idea of grants is not to offer free money that people can use to buy luxury items or even homes. Read about it here. However, the government will provide block grants and other types of grants that will help community projects and allow low-income families to find affordable housing.
The gross grant equivalent is simply the aid element of a measure expressed before company taxes are deducted, while with net grant equivalent, all relevant company taxes have been deducted. top What are the Assisted Areas (AAs) and regional aid limits ? Certain areas of the EU, known as Assisted Areas, have been approved by the Commission as economically underdeveloped, and are eligible for specific levels of aid particularly aimed at investment and job creation. There are two types of Assisted Area – Tier 1 and Tier 2. The former allows for higher aid intensity levels. The Commission has approved the UK’s map of Assisted Areas, which sets out the aid limits that apply in each area until 31 December 2013, although Tier 1 areas in Scotland will be subject to review during 2010. The Regional Aid map illustrating geographical coverage can be viewed here. Having Assisted Area status does not automatically entitle an undertaking to receive aid. It must be provided under an approved scheme
