Factsheet for measure
LU-2020-13/308
– measures in Luxembourg
Emergency fund for very small businesses and self-employed persons
Notfallfong fir ganz kleng Betrieber an Indépendanten
Background information
The aim of the measure is to provide an immediate financial support to the high number of very small businesses and self-employed persons regarding their importance for the Luxembourgish economy and who are a very vulnerable to unforeseen crises.
The legal backgrounds are:
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The declaration of a state of crisis by the law of 24 March 2020 extending the state of emergency (Loi du 24 mars 2020 portant prorogation de l’état de crise déclaré par le règlement grand-ducal du 18 mars 2020 portant introduction d’une série de mesures dans le cadre de la lutte contre le COVID-19. Mémorial A 178 du 24 mars 2020).
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The implementation of the measure by the Grand-Ducal regulation of 25 March 2020 on the establishment of a certified emergency allowance in favour of certain micro-enterprises in the context of the COVIDpandemic-19 (Règlement grand-ducal du 25 mars 2020 ayant pour objet la mise en place d’une indemnité d’urgence certifiée en faveur de certaines micro-entreprises dans le cadre de la pandémie COVID-19). Mémorial A 187 du 25 mars 2020.
Content of measure
The General Directorate for Small and Medium-Sized Enterprises (GDSMSE) set up an emergency found for very small business and self-employed persons. This emergency fund provides immediate, non-repayable financial assistance in the form of a grant of €5,000.
Applicants must meet the following criteria simultaneously:
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Size criteria: enterprises or self-employed persons both with a valid business permit issued by the GDSMSE and at maximum 9 fulltime employees.
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Prohibition of closure criterion: both types of businesses must have interrupted their activity following the entry into force of the Grand-Ducal regulation of 18 March 2020 introducing a series of measures to combat COVID-19.
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Turnover criterion: Applicant companies must have an annual turnover of at least €15,000.
Also, if the applicant own’s more than one business, he only can apply for aid for one business.
Use of measure
Until 19 October 2020, 6,204 eligible applications were processed for a non-refundable grant of €5,000. The total amount of support granted to micro-enterprises was €31,002,000.
The government updated the available data on the use of this measure: until 20 May 2021- 6,220 enterprises received a total of €31,100,000.
Target groups
Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
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No involvement
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Main level of involvement: Unknown
Involvement
No involvement.
Views and reactions
No information available.
Sources
