Hotel in Berlin: Loans are often no alternative for larger companies in the hotel industry
Photo: Marc Vorwerk / SULUPRESS.DE / picture alliance
According to SPIEGEL information, the Federal Ministry of Economics is currently designing new support for companies that, due to their size, have not received sufficient compensation for damage caused by the corona crisis. The applicable rules have so far limited the support provided by the so-called bridging aid III to sales of up to twelve million euros. Hotel or larger retail chains, however, quickly get over this threshold. Loans are not an option for these companies because some are already too heavily indebted.
The Ministry of Economic Affairs has now found a way to allow the corona aid to run through a special compensation regulation in EU law, with which the twelve million mark can be exceeded. In the department of Federal Economics Minister Peter Altmaier (CDU), the number of companies that come into question is estimated at around 150. The EU Commission has signaled its approval, and finance minister and SPD chancellor candidate Olaf Scholz is also open to this according to information from SPIEGEL.
The prerequisite for support is that the company had to close due to the shutdown.
Tourism companies that had to cancel their offer due to travel warnings also fall under the definition.
The regulation should also apply retrospectively to losses from the first half of 2021, even if the restrictions are lifted in the course of the summer.