Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure AT-2020-36/1238 – Updated – measures in Austria
|Country||Austria , applies nationwide|
|Time period||Temporary, 01 September 2020 – 31 May 2021|
|Context||COVID-19, Green Transition, Digital Transformation|
|Type||Other initiatives or policies|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Bernadette Allinger (Forba) and Eurofound|
|Measure added||05 October 2020 (updated 29 June 2021)|
In order to support the Austrian economy in the wake of the Corona crisis, the federal government has designed a new support programme in the form of the aws investment premium, which creates an incentive for business investment and thus makes a significant contribution to securing business locations, creating jobs and training positions and strengthening the international competitiveness of Austria as a business location.
The premium is a tax-free, non-repayable subsidy which is granted to companies that carry out first measures for new investments in depreciable fixed assets between 1 August 2020 and 28 February 2021 and implement them by 28 February 2022 at the latest. Companies of all sectors and all sizes are eligible. Premiums lie at 7% of the investment costs and 14% in the specific areas of digitalisation, ecologisation and health.
The following investments are funded:
Exempt from the investment premium are:
The premium needs to be applied for by 28 February 2021 and investment (which includes ordering, payments, deliveries, ...) needs to start before 1 March 2021. €1 billion has been earmarked for this measure.
As of 27 November 2020, 49,613 applications have been received with an investment volume of €21.7 billion and a requested grant volume of around €2.3 billion. Over half of the applications have a digitisation or greening aspect.
Almost two thirds of all applications (64%) are from micro-enterprises (fewer than 10 employees), 18.5% from small enterprises (fewer than 50 employees), 9.8 percent from medium-sized enterprises (fewer than 250 employees) and 7.7% from large enterprises (over 250 employees). Regionally, most applications have been filed by companies in Upper Austria (26.2%), followed by Lower Austria (19.5%) and Styria (13.9%).
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
Public support service providers
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
The social partners' involvement is unknown.
No views/reactions are available.
Eurofound (2020), Investment premium, measure AT-2020-36/1238 (measures in Austria), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/AT-2020-36_1238.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.