As of today, companies can file applications for Bridging Assistance III for the period from July to September 2021 via . Applications must be made via a scrutinising third party. The exact requirements for funding have been published on the website in the form of FAQs.
Companies who are still severely affected by COVID-related closures and restrictions in Q3 will continue to receive comprehensive support. To this end, the Federal Government has extended its key coronavirus relief programmes until 30 September 2021 in the form of Bridging Assistance III Plus and New Start Assistance Plus. The tried and tested requirements and conditions continue to apply. There is also a new re-start premium, which will allow companies to claim a higher grant towards their labour costs.
Bridging Assistance III was claimed by more than 326,000 companies; New Start Assistance by 220,000 persons.
Says : “Whilst businesses in most economic sectors have been able to restart their operations, other companies still continue to be affected by restrictions caused by the COVID-19 pandemic. We stand by these companies. As from today, they can apply for Bridging Assistance III Plus for the months of July, August, and September. The requirements that have to be met for Bridging Assistance III Plus are largely equivalent to the tried and tested requirements for Bridging Assistance III. We are also providing a new re-start premium that makes it easier to relaunch and encourages businesses to ramp up their workforce and their business.”
Additional information on Bridging Assistance III, including New Start Assistance Plus
Bridging Assistance III is extended through the new Bridging Assistance III Plus programme, whose substance is largely identical with Bridging Assistance III.
- As was the case with Bridging Assistance III, applications for Bridging Assistance III Plus can be filed by all companies whose turnover fell by at least 30% due to COVID-19. Applications under the new programme must again be filed by a third party scrutinising the application, e.g. a tax advisor, and via the Federation’s COVID-19 web portal.
Bridging Assistance III Plus is characterised by the following new elements:
- Companies that call back employees from short-time work, hire new staff, or otherwise raise the level of employment as they re-open, have the option of claiming a grant towards the resulting higher labour costs (re-start premium). This grant is provided as an alternative to the existing flat rate support to cover labour costs.
- Companies threatened by insolvency will be given an easier route to avoid this by implementing targeted stabilisation and restructuring measures. Businesses will be compensated for up to €20,000 in monthly legal fees for corporate restructuring taking place to avoid an impending insolvency.
- There is also funding for construction work and other investments made to implement hygiene concepts and to make progress on digitisation. The FAQs provide a white list detailing all the measures for which funding is available. This ensures clarity and legal certainty for all parties involved.
Like its predecessor programme, New Start Assistance Plus continues to address own-account workers whose turnover has fallen due to COVID-19, but who derive little or no benefit from Bridging Assistance III Plus, because they have few fixed costs. As was the case with New Start Assistance, applications can be filed by own-account workers, short-term employees in the performing arts sector, those in discontinuous employment, corporations with one or several shareholders, and by cooperatives. Since the end of last week, direct applications have been accepted via . For FAQs, please visit: .