The European Commission has renewed state aid approval for the UK enterprise management incentive (EMI) scheme. The previous approval expired on 6 April.

In considering the UK government’s application for fresh authorisation, the commission’s assessment found that the prolongation of the measure is necessary to help UK small and medium-sized enterprises attract and retain talented and skilled personnel.

It also found that the scheme contains several safeguards, such as a cap on the value of the share …