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The Federal Ministry of Economy wants to extend the corona bridge aid so far little used. Above all, the hospitality and event industries should benefit from this.
The Federal Ministry of the Economy is planning more help for companies in the Corona crisis. Above all, the hotel and restaurant industry and the event industry should be given a helping hand. According to plans, the current bridging aid for small and medium-sized businesses will run for six months until June 30, 2021, according to news agencies unanimously reported. Currently, the aid would expire at the end of the year.
In addition, better bidding options and grant programs are planned for modernizations and renovations during the no-order period. Loans from the state development bank KfW should also be improved, for example through better repayment subsidies.
Entrepreneur salary interview
In addition, the so-called entrepreneur salary is being debated, which could be of interest to the self-employed and the self-employed, provided they are not otherwise eligible to receive financing and, therefore, can enter basic security.
In some federal states, this form of Corona aid is already being used for self-employed and self-employed. North Rhine-Westphalia pays an entrepreneur salary of 1,000 euros per month.
25 billion euros approved
With the bridging aid, companies will be reimbursed a large part of their fixed costs if they are severely affected by the coronavirus crisis. Almost 25 billion euros are available for this. However, even months later, only € 1.6 billion applications have been submitted, of which € 1.1 billion have been approved. Critics complain that the guidelines are too rigid.
SPD chancellor candidate and Federal Finance Minister Olaf Scholz told Reuters news agency that particularly affected industries need specific support. “That will not only be the case this year, but also next.” There are sufficient funds to provide the necessary assistance. There will be no restrictions on this.
