Factsheet for case LU-2021-14/1797 – Updated – measures in Luxembourg
|Country||Luxembourg , applies nationwide|
|Time period||Temporary, 02 April 2021 – 31 December 2021|
|Type||Legislations or other statutory regulations|
Promoting the economic, labour market and social recovery
– Support for spending, stimulus packages
|Author||Patrick Thill (LISER) and Eurofound|
|Case created||29 March 2021 (updated 21 July 2021)|
This instrument aims to encourage companies to carry out economic development, digitalisation or environmental protection projects despite the current crisis, with the financial aid of up to 50% of eligible costs. The existing measure has been extended until the end of 2021, and the amount of aid significantly increased. The Ministry of the Economic set up the investment aid for companies affected by the crisis COVID-19 in the government's "Neistart" programme. Legal reference: Law of July 24, 2020 aiming at the stimulating of investments (Loi du 24 juillet 2020 visant à stimuler les investissements des entreprises dans l’ère du COVID-19, Mémorial A 640 du 24/07/2020).
The revamped aid offers higher amounts than in regular times, especially for projects involving the circular economy's development. Initially scheduled to expire on 30 June 2021, this investment aid will be extended until the end of the year.
The aid scheme is aimed at companies that have suffered a significant drop in turnover during the crisis and provides for three types of aid:
Under the old scheme, 207 such applications have already been approved by my services, for a total amount of aid of €62 million.
Since the introduction of the the measure, 219 applications for a total amount of €63.07 million has been granted.
|Does not apply to workers||Applies to all businesses||Does not apply to citizens|
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:
Eurofound (2021), Extension of aid scheme to stimulate investment in the COVID-19 era and increased aid amount, case LU-2021-14/1797 (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.