Background information

The purpose of this program is to collaborate with the efforts made by the companies and staff involved, against the economic consequences derived from the crisis caused by COVID-19. The aim is to consolidate companies or sectors of activity that, being able to be competitive, since they have a product and a market, suffer the consequences of a situation of a totally exceptional nature, supervening and global in scope.

The aim is to establish financial instruments that favor the reestablishment of competitive conditions quickly and permanently, speeding up the formal processes to get out of difficulties and demanding real future commitments from all parties involved.

Content of measure

The program is targeted towards SMEs that employ more than twenty workers.

The aid to be granted will be materialised through refundable advances and the procedure to be used will be that of successive concurrence, which implies the award, in an orderly manner depending on the moment in which the file is complete, to all applicants who comply with the requirements. Provided in this Order until the total exhaustion of the funds provided.

The amount of the aid may reach up to 100% of the negative cash flow budgeted for the financial year 2020, presented in the budgeted plan for this aid as of December 31, 2020, calculated based on the provisions of the following article and with a maximum limit of €800,000. Having thus contemplated the plan executed for 12 months from January 1, 2020.

The amount and intensity of the aid must be limited to the variation in the payment capacity of the company derived from the evolution of the items of income and expenses to allow the restructuring or viability of the company.

Use of measure

No information available on the use of this policy measure.

Target groups

Workers	Businesses	Citizens
Does not apply to workers	SMEs	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	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

No involvement of social partners has been reported on this policy measure.

Views and reactions

No views of social partners have been reported.

Sources

• 03 April 2020: ORDEN de 3 de abril de 2020, de la Consejera de Desarrollo Económico e Infraestructuras, por la que se regula el Programa Bideratu Covid-19 que establece ayudas destinadas a la reestructuración y relanzamiento de empresas en crisis como consecuencia del impacto económico del Covid-19 (www.euskadi.eus)