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 DE-2022-20/2290 – Updated – measures in Germany
|Country||Germany , applies nationwide|
|Time period||Temporary, 09 May 2022 – 31 December 2023|
|Context||War in Ukraine|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Sandra Vogel (IW)|
|Measure added||16 May 2022 (updated 27 February 2023)|
Against the background of the war in Ukraine, the German Federal Government has rolled out (financial) aid measures for businesses affected by the war. On 8 April 2022, the Federal Government adopted measures to help companies suffering from the negative impact of the war in Ukraine and/or sanctions against Russia and Belarus. Apart from the special loan programme hosted by Germany's promotional bank called Kreditanstalt für Wiederaufbau (KfW), guarantee schemes from the German Federal Government or the German federal states were also expanded. Latter are temporary and will expire on 31 December 2022 (as set out in the European Commission’s Temporary Crisis Framework).
The German Federal Government and the German federal states have expanded their guarantee scheme for companies negatively affected by the war in Ukraine. Companies applying for a working capital or investment loan at their house bank and are asked for a loan guarantee can apply at the large-scale guarantee scheme under certain circumstances. First of all, companies must require a guarantee that is worth over €20 million in structurally weak regions. Outside structurally weak regions, this sum rises to over €50 million. Secondly, applicants must prove that they have been negatively impacted by the sanctions against Russia or Belarus and/or the war in Ukraine. Negative impacts can include one of the following circumstances:
If applicants fulfil these criteria, their working capital or investment loan application can be guaranteed under the large-scale guarantee scheme (in which the federal states cooperate with the Federal Government). Loans for small and medium-sized companies can also be guaranteed at the federal states level (with no involvement of the Federal Government), if guarantees do not exceed the of €2.5 million.
Companies can apply for guarantees since 29 April 2022. However, guarantees can only be granted as soon as Germany received programme approval from the European Commission.
No information yet.
|Does not apply to workers||Applies to all businesses||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:
Social partners are usually consulted on larger measures related to social or labour market issues. At the moment, it is not known, if consultations took place for this particular measure.
Eurofound (2022), Expanded loan guarantees for companies affected by the war in Ukraine, measure DE-2022-20/2290 (measures in Germany), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/DE-2022-20_2290.html
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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.