Background information

The Brussels region has introduced specific loans for Horeca enterprises and their suppliers, which sectors that have been among the most affected due to the crisis and have been shut down for a significant amount of time. The measure has to provide additional capital to companies in need in order to stay afloat and be able to restart after the current lockdown.

Content of measure

The measure involves a loan without the need to provide a guarantee and at a reduced interest rate. The size of the loan can vary from €75,000 to €600,000 and last up to 7 years. For the first 6 months of the loan only the interest rates have to be repaid.

The interest rates vary according to the size of the loan:

• €75,000-€200,000: 2%
• €200,000-€400,000: 2,67-3%
• €400,000-€600,000: 3,6%-4%

In order to be eligible, the company has to comply to a few conditions:

• Employ at least 10 people full time
• No financial problems during 2019
• Made use of other support measures available.

Accompanying guidance and support is also available.

Use of measure

The uptake of the measure is currently unknown as it is fairly recent.

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Sector specific set of companies	Does not apply to citizens

Actors and funding

Actors	Funding
Local / regional government	Regional funds

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	Unknown	Unknown
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• Unknown
• Main level of involvement: N/A

Involvement

The involvement of the social partners is not known.

Views and reactions

No public statements made by the social partners with regards to their view on the measure.

Sectors and occupations

This case is not occupation-specific.

Sources

• 11 January 2021: 1819.Brussels (1819.brussels)