Factsheet for case LU-2020-13/308 – measures in Luxembourg
|Country||Luxembourg , applies nationwide|
|Time period||Temporary, 25 March 2020 – 25 June 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Patrick Thill (LISER) and Eurofound|
|Case created||06 April 2020 (updated 20 July 2021)|
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:
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:
Also, if the applicant own’s more than one business, he only can apply for aid for one business.
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.
One person or microenterprises
|Does not apply to citizens|
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 information available.
Eurofound (2020), Emergency fund for very small businesses and self-employed persons, case LU-2020-13/308 (measures in Luxembourg), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.