Mon, Apr 13, 2020

COVID-19 European Grants and Incentives - State Aid Guidance

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In response to the coronavirus (COVID-19) pandemic, the European Commission passed a framework of support for companies of all sizes in all EU member states. The aid packages are mostly in the form of loan guarantees, including state guarantees for loans taken by companies from banks, subsidized public loans to companies, safeguards for banks that channel state aid to the real economy and short-term export credit insurance.

Kroll's Site Selection and Incentives Advisory practice provides a summary of approved EU member state programs. In partnership with the European Funding Alliance, Kroll will continue to monitor and provide frequent country-by-country updates as they are approved by the European Commission.

In addition to these programs approved under the new framework, every national government has passed additional measures, such as tax filing and payment deferrals as well as reimbursements of salary expenditures for companies that retain employees through the downturn.

How we can help:

  • Identification of applicable programs by country and by size and industry of company
  • Assistance with application forms
  • Assistance with reporting and compliance

Country (and link to source) Industries Type of Assistance Recipient Budget Maximum Grant or Loan Expiration
Austria All Direct grants
Loan guarantees
Subsidized loans
All EUR 15 billion EUR 800,000 (grants)  
Austria 1) Agriculture
2) Fishery
3) All other
Loan guarantees SMEs   1) EUR 100,000
2) EUR 120,000
3) EUR 500,000
Belgium All Loan guarantees All EUR 3 billion Not specified 12/31/20
Belgium All Loan guarantees All EUR 50 billion Not specified  
Belgium Walloon Airports Concession fee deferral Walloon Airports   Not specified 12/31/20

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