Section 1: Aid to organisations involved in business start-ups or takeovers

The amount of subsidies that may be paid annually by a territorial authority or grouping to one of the bodies referred to in article L. 1511-7 may not exceed 50% of the total annual revenue received by this body. This amount may not have the effect of increasing the total annual amount of public aid received by the beneficiary organisation to more than 80% of its total annual revenue. For…

Organisations must provide the following documents in support of their grant applications: a) Balance sheets and profit and loss accounts for the last two financial years for which the accounts have been closed, as well as a provisional budget for the year for which the grant is requested; b) A report outlining their activity and the use of grants from local authorities and their groupings for the previous year; c)…

The agreement provided for in the second paragraph of article L. 1511-7 sets out the obligations of each of the parties and specifies in particular: a) The terms and conditions for awarding and paying the grant; b) The amount and origin of all public aid defined in Article R. 1511-1 which the organisation plans to obtain for the year in respect of which the grant is requested; c) The conditions…