Bridging Assistance Phase 4 and Restart Assistance 2022

1. Introduction

The Bridging Assistance IV has been extended, and the Restart Assistance 2022 has been developed as additional support. Both programs offer non-repayable grants for companies, solo self-employed individuals, and certain corporations. This article outlines the key points of these assistance programs.

2. Who can apply for Bridging Assistance IV?

The Bridging Assistance IV is aimed at companies with an annual turnover of up to €750 million in 2020. A COVID-19 related turnover decline of at least 30% compared to the reference month in 2019 is required. Solo self-employed individuals, certain corporations, non-profit institutions, and companies in specific industries are also eligible.

3. Which costs are eligible?

3.1 Fixed Costs

The Bridging Assistance IV covers fixed costs such as rents, interest expenses, personnel costs, marketing and advertising costs, as well as costs for hygiene measures. An equity grant is additionally provided.

3.2 List of Eligible Costs

Eligible costs include, among others, rents, interest, depreciation, leasing rates, personnel expenses, marketing costs, and hygiene measures.

3.3 Costs in Restructuring Proceedings under StaRUG

For companies in impending insolvency proceedings under the StaRUG, legal and court costs are also eligible.

4. What is the amount of the funding?

The reimbursement rates depend on the drop in turnover during the funding period. A tiered reimbursement rate is calculated based on the comparison with the turnover of the year 2019.

5. What are the special features?

Various industries such as retail, pyrotechnics, travel and events, as well as the cultural sector, have specific special regulations and additional support options.

6. How does the application process work?

The application process takes place in two stages: first based on estimates and then a final settlement with the actual values. Under certain conditions, different state aid regulations can be chosen for the application.

7. Does the bridging assistance need to be taxed?

The bridging assistance is taxable, but it is not subject to VAT.

8. What can you do?

To expedite the application process, companies should actively participate in determining turnover and fixed costs.

9. Restart Assistance 2022

The Restart Assistance 2022 is an operating cost allowance for solo self-employed individuals, corporations, and cooperatives, providing additional support alongside the Bridging Assistance IV. There are specific conditions, levels of funding, and application procedures for the Restart Assistance 2022.

Overall, the Bridging Assistance IV and the Restart Assistance 2022 offer important financial support for companies and self-employed individuals in challenging economic times.