Home Business Support for companies Only a few corona aid accessed The federal government...

Support for companies Only a few corona aid accessed The federal government had made available 150 billion euros for companies as corona aid in grant programs – just 24 percent of this was accessed according to the Ifo Institute.

0
0

Business support Only a few corona aid accessed

Status: 06/17/2021 10:08 a.m.

The federal government had made available 150 billion euros for companies as corona aid in grant programs – according to the Ifo Institute, just 24 percent of this was accessed. Companies in Germany have so far called on much less Corona aid than planned by the federal government. “Only a fraction of the budgeted aid was paid out to the companies affected by the corona pandemic,” said Selina Schulze-Spüntrup, researcher at the Ifo Institute. “That also has to do with the fact that some of the eligibility requirements were formulated quite strictly to rule out abuse.” According to the information, the federal government provided 150 billion euros in grant programs. Of this, 24 percent have so far been accessed. For emergency aid from the federal government, 50 billion euros were estimated, according to Ifo, less than a third of it was used.

03/12/2021

After suspected fraud Corona aid will be paid out again

After the stop of several days, the money is now flowing again. However, the processing of the fraud case continues.

Bridging aids were also not exhausted

In the case of the subsequent bridging aid, too, the money paid out was well below the budgeted amount: According to economic researchers, it was 6 percent for bridging aid I, around 10 percent for bridging aid II, and a good 28 percent for bridging aid III.

56 percent of the available funds were paid out of the November aid, 33 percent of the December aid. The state-owned KfW Bank has so far pledged 46 billion euros from its special program.

01/13/2021

Corona help Too bureaucratic, too slow

Tax advisors and companies are groaning about the corona bureaucracy.