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Factsheet for measure CZ-2020-14/255 Updated – measures in Czechia

COVID II state guarantee programme

Záruční program COVID II

Country Czechia , applies regionally

    • – CZ02 Střední Čechy
      – CZ03 Jihozápad
      – CZ04 Severozápad
      – CZ05 Severovýchod
      – CZ06 Jihovýchod
      – CZ07 Střední Morava
      – CZ08 Moravskoslezsko
Time period Temporary, 02 April 2020 – 03 April 2020
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Access to finance
Author Soňa Veverková (Research Institute for Labour and Social Affairs) and Eurofound
Measure added 03 April 2020 (updated 28 May 2022)

Background information

After the termination of COVID I interest-free state loan programme, the Czech government introduced the COVID II state guarantee programme for SMEs which are at risk of bankruptcy due to the measures in connection with the spread of COVID-19.

Loans for SME´s were provided by commercial banks while the state run Czech-Moravian Guarantee and Development Bank (Českomoravská záruční a rozvojová banka, ČMZRB secured the loans and offered financial aid for loan interest.

The call was opened 2 April 2020 and ended 3 April 2020, later replaced by COVID III state guarantee programme. The total amount for COVID II programme was CZK 4,000,000,000 (€145,190,563).

Content of measure

The measure run under the Operational Programme Enterprise and Innovation for Competitiveness (Operační program Podnikání a inovace pro konkurenceschopnost, OPPIK .

The loan was aimed at SMEs with trade permission in Czech Republic (except of Prague region) who were forced due to approved anti-COVID-19 measures to shut down or limit their businesses. Business activity of the SME had to be included at the supported economic activities list, which was, however, very wide and included accommodation, logistics, manufacturing industry etc.

ČMZRB secured the commercial loan up to 80% with the maximum period of 3 years. SME could also apply for financial support on the loan interest up to CZK 1,000,000 (€36,298 approx.). Loan to be secured were limited to CZK 15,000,000 (€544,465). The loans were intended to cover salaries, rent, utility costs and supplier-customer invoices.

The program was financed from the EU Structural Funds within the OPPIK and was therefore not intended for the implementation of projects in the capital city of Prague. Financial support for projects implemented in Prague can be applied for in the COVID Prague guarantee program.


The following updates to this measure have been made after it came into effect.

18 May 2020

The programme was replaced by COVID III Guarantee Program.

22 April 2020

The first round of applications for the COVID Guarantee Program was closed on 3 April 2020 at 11:59 p.m. The institutions are now in contact with the applicants and evaluating their applications. The next round will be announced according to the decision of the Ministry of Industry and Trade.

Use of measure

According to Czech National Bank , as of 15 December 2020, 3,141 applications were supported from the COVID II programme in the total amount of CZK 14,076,000,000 (€539,620,472 approx.).

There has been a lot of criticism of COVID I and COVID II measures. The Chamber of Commerce of the Czech Republic (Hospodářská komora České republiky) conducted a survey among its members in April 2020, who highlighted the tangle of bureaucracy and lack of clarity in the COVID I and COVID II. To apply, companies needed to complete complex forms forecasting the next three years, which is an impossibility in the current situation. Also the capacity of Czech-Moravian Guarantee and Development Bank (Českomoravská záruční a rozvojová banka, ČMZRB), when approving the loans, was very low and the process too long.

In February 2022, the Ministry of Regional Development of the Czech Republic published an evaluation Analysis of the ESIF measures responding to the COVID-19 pandemic and evaluation of the ESFI. This analysis evaluates some of the COVID-19 antiepidemic measures, namely COVID I interest-free state loan, COVID II state guarantee programme, COVID III state guarantee programme, COVID Prague and Technology-COVID call within OPPIK.

This evaluation shows that the positive impact of the above mentioned antiepidemic measures cannot be yet statistically confirmed. The moratorium on debts and mortgages declared in the first phase of the COVID-19 pandemic played a major role regarding the survival rate. However, in combination with the above mentioned measures, it has likely only delayed the insolvency of a number of beneficiaries. In general, no statistically significant difference in the trends of employment rates was observed when comparing supported and unsupported enterprises.

Evaluation study also have proven that the support was not strongly focused on the economic sectors that were most affected by the pandemic (tourism, HORECA, accommodation services). In general, above mentioned measures applied were appropriate, however, should have been more targeted on most affected sectors and regions.

Target groups

Workers Businesses Citizens
Does not apply to workers SMEs
Does not apply to citizens

Actors and funding

Actors Funding
National government
Company / Companies
European Funds
National funds

Social partners

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

Trade unions Employers' organisations
Role Consulted Consulted
Form Consultation through tripartite or bipartite social dialogue bodies Consultation through tripartite or bipartite social dialogue bodies

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

  • No involvement
  • Main level of involvement: Peak or cross-sectoral level


Employers organisations, which are members of the tripartite body (Council of economic and social agreement, Rada hospodářské a sociální dohody, RHSD) were informed and consulted in both formal (requested by institutional settings) and informal ways. They were not involved into the management of the policy measure.

Views and reactions

Partially in agreement. Not all suggestions to the proposal of policy measure made by employers organisations have been accepted, however, employers organisations were ready to compromise.


  • 03 April 2020: CMRZB: State guarantee programme COVID II (ČMRZB: Záruční program COVID II) (
  • 21 April 2020: CMRZB: Text of the call for proposals + eligibility criteria (ČMRZB: Text výzvy a podmínky podpory) (
  • 28 May 2020: MPO ČR: List of companies supported by COVID I (MPO ČR: Seznam společností, které obdržely podporu v programech COVID I a COVID II) (
  • 19 June 2020: Chamber of Commerce: Survey among Prague entrepreneurs on COVID-19 measures (HK ČR: šetření mezi pražskými podnikateli ohledně vládních opatření proti COVID-19) (
  • 21 June 2020: CMRZB: Number of applications finalized/in process (ČMRZB: počet schválených a vyřizovaných žádostí) (
  • 29 June 2020: CMRZB: The list of lending banks (ČMRZB: Seznam spolupracujících bank) (
  • 15 December 2020: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID (
  • 15 March 2021: CNB: Statistics on COVID Programmes/ČNB: Statistika o programech COVID (
  • 25 February 2022: Analysis of the ESIF measures responding to the COVID-19 pandemic and evaluation of the ESFI/Analýza opatření reagujících na pandemii COVID-19 a vyhodnocení EFSI (


Eurofound (2020), COVID II state guarantee programme, measure CZ-2020-14/255 (measures in Czechia), EU PolicyWatch, Dublin,


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