Factsheet for measure
BE-2020-13/422
– measures in Belgium
Wallonia: Financial support for SMEs
Wallonië: financiële ondersteuning via het noodfonds
Background information
The Walloon regional government provides financial support for small companies (less than 50 employees) in certain sectors that are facing cashflow problems due to the Corona virus. The measure provides a direct financial contribution to companies that are forced to close due to the Corona virus or the associated measures. The financial support is also provided to companies that experience a significant decrease in revenue due to the Corona virus or related measures.
Content of measure
The region has set up an emergency fund of approximately €233 million to aid the sectors and companies that have been directly impacted by the Corona virus and/or associated measures.
Eligible companies that are forced to close due to the crisis can avail of a single tax-free payment of €5,000 to support them.
In addition, a lower amount, €2,500, is available for companies that notice a significant reduction in revenue because of the situation.
In addition there are also guarantees available through the regional government and loans of up to €200,000.
The following sectors are eligible :
Washing and polishing of motor vehicles
Retail
Other passenger land transport
Accommodation
Eating and drinking establishments
Other activities of specialised designers
Rental and leasing of tents
Rental and leasing of crockery, glassware, kitchen utensils, tableware, electric household appliances and other household utensils
Travel agencies, tour operators, reservation service and related activities
Organisation of congresses and fairs
Driving schools
Specialised image, lighting and sound techniques
Other personal services (laundry, hairdresser, beauty care, ...)
Fairground attractions
Tourist attractions
Use of measure
Approximately 48,890 small businesses are eligible (small and in the designated sector) for the single payment of €5,000 due to closure.
In addition approximately 6015 companies are able to apply for the lower compensation of €2,500 because of a significant reduction activity/revenue.
Target groups
Actors and funding
|
Actors
|
Funding
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Local / regional government
|
Regional funds
|
Social partners
Social partners' role in
designing the measure
and form of involvement:
|
Trade unions
|
Employers' organisations
|
|
Role
|
Informed
|
Informed
|
|
Form
|
Not applicable
|
Not applicable
|
Social partners' role in the
implementation, monitoring and assessment phase:
-
Unknown
-
Main level of involvement: Unknown
Involvement
N/A
Views and reactions
It is to be expected that social partners were at least informed of the measures, their concrete involvement is unclear.
Sectors and occupations
-
This case is sector-specific (only private sector)
-
|
Economic area
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Sector (NACE level 2)
|
|
G - Wholesale And Retail Trade; Repair Of Motor Vehicles And Motorcycles
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G47 Retail trade, except of motor vehicles and motorcycles
|
|
H - Transportation And Storage
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H49 Land transport and transport via pipelines
|
|
I - Accommodation And Food Service Activities
|
I55 Accommodation
|
|
I56 Food and beverage service activities
|
|
R - Arts, Entertainment And Recreation
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R90 Creative, arts and entertainment activities
|
|
R93 Sports activities and amusement and recreation activities
|
|
S - Other Service Activities
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S96 Other personal service activities
|
This case is not occupation-specific.
Sources
