Business aid: Bruno Le Maire announces the end of the solidarity fund on September 30

The end of “

” means the disappearance of the solidarity fund.

This Monday, the Minister of the Economy Bruno Le Maire received the representatives of the sectors concerned by the health pass.

Objective: to act on the overhaul of the financial aid system which has supported businesses throughout the crisis.

The Minister of the Economy thus announced five measures, the first being the disappearance of the solidarity fund as of September 30.

"

" however argued the minister.

The solidarity fund will in fact be replaced by aid to cover fixed costs.

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This aid, already offered to companies which achieved more than one million euros in turnover per year, will thus be open to all companies in the sectors most affected by the crisis, without a turnover threshold.

These are tourism, catering, cinemas or even theaters and museums.

These companies are grouped under the S1 and S1 bis nomenclature.

The aid will be calculated by realizing the difference between the amount of the fixed charges and the income of the business.

The State will cover 90% of this difference for companies with less than 50 employees, and 70% of this amount for those with more than 50 employees.

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Accompanied by the Minister of Labor Elisabeth Borne, the Minister Delegate in charge of SMEs Alain Griset and the Secretary of State for Tourism Jean-Baptiste Lemoyne, Bruno Le Maire made an appointment with the social partners on November 30 to reassess the aids device.