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EU PolicyWatch

Database of national-level policy measures

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 BE-2020-20/1699 – measures in Belgium

New loans available to enterprises in Brussels

Nieuwe kredieten beschikbaar voor Brusselse ondernemingen

Country Belgium , applies regionally

Time period Open ended, started on 13 May 2020
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Dries Van Herreweghe (Katholieke Universiteit Leuven) and Eurofound
Measure added 11 January 2021 (updated 13 January 2021)

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


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

    • Economic area Sector (NACE level 2)
      I - Accommodation And Food Service Activities I55 Accommodation
      I56 Food and beverage service activities

This case is not occupation-specific.



Eurofound (2021), New loans available to enterprises in Brussels, measure BE-2020-20/1699 (measures in Belgium), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.