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Finance Minister Olaf Scholz (r.) With Economics Minister Peter Altmaier - a joint paper from the two ministries (archive image)
Photo: Michael Kappeler / dpa
According to the Reuters news agency, the planned hardship fund for companies should have a volume of up to 1.5 billion euros.
This emerges from a joint paper by the finance and economics ministries that Reuters had before.
"The federal government and the federal states contribute to this in a ratio of 50 to 50." Recently, however, several federal states resisted participating in the program.
The help is intended for companies that have so far fallen through the grid of other Corona aid programs.
They should basically be based on the so-called bridging aid III.
These are subsidies for the fixed costs that do not have to be repaid.
Oriented towards slump in sales
The hardship fund should supplement this program, for which a separate administrative agreement will be drawn up.
The amount of support will be based on the uncovered fixed costs and corona-related slump in sales.
The term is given from the beginning of November 2020 to the end of June 2021.
However, applications can be submitted until the end of 2021.
The federal states are responsible for the administration and the application process.
"The country takes on the individual assessment."
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bah / Reuters
