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
, applies regionally
|Time period||Open ended, started on 13 May 2020|
|Type||Legislations or other statutory regulations|
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)|
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.
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:
In order to be eligible, the company has to comply to a few conditions:
Accompanying guidance and support is also available.
The uptake of the measure is currently unknown as it is fairly recent.
|Does not apply to workers||
Sector specific set of companies
||Does not apply to citizens|
Local / regional government
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 involvement of the social partners is not known.
No public statements made by the social partners with regards to their view on the measure.
This case is sector-specific (only private sector)
|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, https://static.eurofound.europa.eu/covid19db/cases/BE-2020-20_1699.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.