While deconfinement must take place in mid-May, following the outlook outlined by Emmanuel Macron, the Ministry of the Economy is opening the portfolio to allow sectors "
ready to restart
" to have the means to hire.
"
For these sectors, we will make available at the beginning of May 11 billion euros of participatory loans out of the 20 which were planned
", announced the Minister of the Economy Bruno Le Maire on Monday at the microphone of Europe 1 18 insurance companies will take their part in subscribing, with the Caisse des Dépôts, in favor of these loans.
To read also: Bruno Le Maire promises to help companies to pass "the wall of debt"
Support for the recovery
Concretely, what do these participatory loans correspond to?
These are financings that are between long-term credit and the acquisition of a stake in the capital of a company, with a lifespan of eight years and whose repayment begins after four years.
They should make it possible to support businesses at the time of the resumption and termination of the aid offered by the government throughout the health crisis to alleviate business closures.
“
This is new money for companies that will be able to reinvest, rehire and recreate jobs,
” said Bruno Le Maire.
To read also: Bruno Le Maire-Carlos Tavares: "France will remain a great automobile nation"
On the other hand, certain sectors will not have the opportunity to restart "
quickly and strongly
", like the catering, hotel industry, or even events. For these, the government assures that aid will gradually disappear, in order to prevent companies supported throughout the health crisis from suddenly faltering. "
We have not invested as many means during 14 months to save jobs and businesses to finally rush to withdraw aid
", argued Bruno Le Maire, promising "
appropriate measures."
"
