Who cannot apply?

• Customers in financial difficulty (as defined with the meaning of Annex 1 of the Commission Regulation (EC) No 702/2014 (as amended from time to time) and currently available here), as at 31st December 2019
• Customers seeking to refinance existing debt not impacted by COVID19 e.g.: Refinance of an existing loan to avail of cheaper rate. Roll up of existing facilities onto one loan under the scheme Refinance of long term overdraft, in debit pre COVID19 are an undertaking in difficulty
• Customers operating in one or more Excluded Sectors
• Customers who are bankrupt or being wound up or having their affairs administered by the courts aid
• Customers who, in the last five years have entered into an arrangement with creditors, in the context of being bankrupt or wound-up or having its affairs administered by the courts
• In derogation to the foregoing, aid can be granted to Micro or Small Enterprises (within the meaning of Annex I of the General Block Exemption Regulation) that were already in difficulty on 31 December 2019, provided that they are not subject to collective insolvency procedure under national law, and that they have not received rescue aid or restructuring

The following NACE codes are also excluded:

• B MINING AND QUARRYING
  • 061000 Extraction of crude petroleum
  • 062000 Extraction of natural gas
  • 091000 Support activities for petroleum and natural gas extraction
• C MANUFACTURING
  • 120000 Manufacture of tobacco products
  • 254000 Manufacture of weapons and ammunition
  • 304000 Manufacture of military fighting vehicles
• F CONSTRUCTION
  • 410000 Construction of buildings
  • 412000 Construction of residential and non-residential buildings
• L REAL ESTATE ACTIVITIES
  • 681000 Buying and selling of own real estate
• R ARTS, ENTERTAINMENT AND RECREATION
  • 920000 Gambling and betting activities
• K FINANCIAL AND INSURANCE ACTIVITIES
  • 641000 Monetary intermediation