Factsheet for measure
CZ-2021-10/1864
–
Updated
– measures in Czechia
COVID - SPORT Guarantee program
Program Záruka COVID Sport
Background information
On 18 January 2020, the Government of the Czech Republic approved the COVID Sport Guarantee Program, which focuses on solving current problems of self-employed persons and small and medium-sized enterprises (SMEs) operating in the sports sector.
The program should help entrepreneurs to overcome the crisis period when most of the sports facilities are closed due to the spread of SARS-CoV-2 coronavirus and related preventive measures.
The entrepreneurs as defined above will be supported by providing a bank guarantee from
Czech-Moravian Guarantee and Development Bank
when asking for operating loans from commercial banks and they will also be provided by a financial contribution to interest on loans.
The program is managed by the
Ministry of Industry and Trade of the Czech Republic
.
Content of measure
The COVID - SPORT Guarantee programme is designed for small and medium-sized enterprises operating in the sports sector (sectors defined by CZ-NACE).
The parameters of bank guarantee are: eligible expenditure - operating costs, maximum guarantee amount up to 80%, maximum amount of guaranteed loan: up to CZK 15,000,000 (€576,923 approx.), maximum term of length: up to 3 years. The guarantee cannot be provided for an existing loan.
In addition, entrepreneurs in sports should be able to apply for a financial contribution to the bank loan interest. The contribution limit is defined as 15% of the total loan amount intended for operational costs (VAT not included) or up to CZK 1,000,000 (€38,462 approx.). in total. These subventions should be provided in line with the "de minimis" regime.
The guaranteed loan can be used for wage costs, cost of energy, rent settlement of supplier invoices, funding of receivables purchase of materials, inventories and other low-value assets.
Updates
The following updates to this measure have been made after it came into effect.
|
06 January 2022
|
The possibility to apply for support under the programme has been extended until 30 June 2023.
|
Use of measure
Information is not available yet.
Target groups
Actors and funding
|
Actors
|
Funding
|
National government
|
National funds
|
Social partners
Social partners' role in
designing the measure
and form of involvement:
|
Trade unions
|
Employers' organisations
|
|
Role
|
No involvement
|
No involvement
|
|
Form
|
Not applicable
|
Not applicable
|
Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
-
Main level of involvement: N/A
Involvement
Social partners have not been involved in this measure.
Views and reactions
Social partners have not been involved in this measure.
Sectors and occupations
-
This case is sector-specific (only private sector)
-
|
Economic area
|
Sector (NACE level 2)
|
|
H - Transportation And Storage
|
H49 Land transport and transport via pipelines
|
|
P - Education
|
P85 Education
|
|
R - Arts, Entertainment And Recreation
|
R93 Sports activities and amusement and recreation activities
|
This case is not occupation-specific.
Sources
