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Factsheet for measure SE-2021-14/1871 – Updated – measures in Sweden

Turnover-based support for trading companies

Omsättningsstöd till handelsbolag

Country Sweden , applies nationwide
Time period Temporary, 29 March 2021 – 30 November 2021
Context COVID-19
Type Legislations or other statutory regulations
Category Supporting businesses to stay afloat
– Direct subsidies (full or partial) or damage compensation
Author Anna-Karin Gustafsson (Oxford Research) and Eurofound
Measure added 14 April 2021 (updated 20 July 2021)

Background information

Many trading companies have been negatively affected by the COVID-19 pandemic and the restrictions followed by the outbreak. Thus, in order to support trading companies that have not been able to benefit from other support measures, the Government has introduced a turnover support, a new form of direct subsidy that specifically targets trading companies with at least one natural person registered as partner and that have had a significant turnover loss.

Turnover support is implemented through Förordning (2021:208) om omsättningsstöd till handelsbolag för mars 2020-februari 2021 (unofficial translation: Decree on turnover support for trading companies for March 2020 - February 2021, 2020:893).

Content of measure

The support is divided into six support periods: March – April 2020, May 2020, June – July 2020, August – October 2020, November – December 2020 and January – February 2021.

To be able to apply, the trading company must, among other things, have had a turnover of at least SEK 200,000 times the number of shareholders throughout 2019 for the support period March – October 2020, and at least SEK 180,000 times the number of shareholders for the whole of 2019 for the support periods November 2020 – February 2021.

For the support periods March to October 2020, the support is 75% of what was lost in net turnover compared to the same period in 2019. For the support periods November 2020 to February 2021, the support is 90% of what was lost in net turnover compared to the same period in 2019.

As in the case of turnover support for sole traders, the support is administrated by the County Administrative Boards and paid out by The Swedish National Board of Housing, Building and Planning.

Updates

The following updates to this measure have been made after it came into effect.

01 July 2021

Turnover-based support extended until the end of November. The support period is between July and September. Application is open until the end of November 2021.

Use of measure

No information available.

Target groups

Workers Businesses Citizens
Does not apply to workers Other businesses
Does not apply to citizens

Actors and funding

Actors Funding
National government
National funds

Social partners

Social partners' role in designing the measure and form of involvement:

Trade unions Employers' organisations
Role Unknown Unknown
Form Not applicable Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

  • Unknown
  • Main level of involvement: Peak or cross-sectoral level

Involvement

No information available.

Views and reactions

No information available.

Sources

Citation

Eurofound (2021), Turnover-based support for trading companies, measure SE-2021-14/1871 (measures in Sweden), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/SE-2021-14_1871.html

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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.