Luxembourg's General Directorate for Small and Medium-Sized Enterprises has recalled that non-repayable financial assistance for micro-enterprises, small businesses and the self-employed in the context of the COVID-19 crisis is expiring on 15 July 2020.
This deadline applies to the €5,000 grant for micro-enterprises, the €12,500 grant for companies with 10-20 employees and financial aid for the self-employed (€3,000 / €3,500 / €4,000).
Self-employed companies or individuals who meet the necessary conditions but have not yet submitted a claim for compensation may submit such a request in writing until 15 July 2020 at the latest. The application form is available on Guichet.lu. Information sheets explaining the procedures relating to the various support measures can also be consulted on this platform.
To date, the General Directorate for Small and Medium-Sized Enterprises has paid out around €90.4 million in non-repayable financial assistance to small businesses and the self-employed. Around 6,150 applicants were granted a direct, non-repayable aid of up to €5,000 for micro-enterprises, which amounts to a total payment of €30.7 million. Regarding the additional non-repayable aid of €5,000 intended to support all micro-enterprises which have suffered a significant turnover loss due to the pandemic, around 6,800 applicants have received financial assistance equivalent to a total of €33.9 million. Similarly, around 615 claimants received the emergency allowance of €12,500 aimed at supporting companies with 10-20 employees; this amounts to a total payment of €7.7 million to date. Around 2,500 freelance applicants also received financial assistance amounting to a total of €6.2 million. Around 3,640 requests from the self-employed were also approved for an additional non-repayable allowance of between €3,000 and €4,000; this amounts to a total payment of €11.6 million.
In addition to this non-repayable aid, other measures intended to support small and medium-sized enterprises have been put in place, namely a repayable advance of maximum €500,000, intended to remedy the temporary financial difficulties linked to COVID-19. Around 890 requests have already been approved, amounting to approximately €59.2 million in total.
