The new cost support can be applied for from the State Treasury as of 7.7.2020

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2020-06-30 11:05

The new cost support can be applied for from the State Treasury as of 7.7.2020. The support can be applied for until 31.8.2020. The support is aimed at companies and fields of business that have been negatively affected by the coronavirus pandemic. Foundations and associations that are carrying out business operations are also covered by the support. An applicant can check the list of business fields* on the State Treasury’s website.

The support is intended for businesses that have experienced a marked decrease in turnover due to the coronavirus and have costs that are difficult to adjust. To be eligible, the turnover of a company must have decreased by more than 30% compared to the reference period. The support is effected by fixed costs and salary costs for the support period of 1.4.–31.5.2020.

More information about the cost support on the State Treasury's website.

*If the company’s business area is not covered by the support, the company must provide particularly compelling reasons for a decrease in its turnover due to the coronavirus situation. A particularly compelling reason may be, for example, a restriction or regulation which has made it more difficult to conduct a business. In addition, the company must also show why its situation differs from the rest of their field of business.