Factsheet for case LU-2020-14/1941 – measures in Luxembourg
|Country||Luxembourg , applies nationwide|
|Time period||Temporary, 03 April 2020 – 01 November 2021|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Access to finance
|Author||Patrick Thill (LISER) and Eurofound|
|Case created||09 July 2021 (updated 15 July 2021)|
Subject to certain conditions, the Luxembourg State grants aid in the form of repayable advances to support businesses, including natural persons carrying out their activities as their main activity and in self-employment, experiencing temporary financial difficulties as a result of the COVID-19 crisis.
They are based on the amended law of 3 April 2020 on an aid scheme for businesses in temporary difficulty and amending the amended law of 19 December 2014 on 1) social measures for the benefit of independent professional artists and intermittent workers in the entertainment industry, and 2) the promotion of artistic creation.
This reimbursable financing can be used by:
Until 20 May 2021, 2,117 applications were eligible and processed with an total amount of €162,189,501.
|Does not apply to workers||
Sector specific set of companies
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:
Social partners where not involved.
Eurofound (2021), Aid to compensate for temporary financial difficulties, case LU-2020-14/1941 (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.