Regular payments of exceptional business assistance for December now being made

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Starting today, large companies which are affected by the lockdown can also apply for Bridging Assistance III. The €750 million turnover threshold has been lifted for companies affected by the lockdown. This applies to companies of the retail trade, the events and culture industry, the hotel and hospitality sectors and the pyrotechnics industry which are subject to closure orders in accordance with the Federal-Länder decision, and for companies of the wholesale trade and the travel sector.

Federal Minister Peter Altmaier said: "It is important and good news for many medium-sized enterprises that the €750 million turnover threshold has been lifted. Especially medium-sized companies of the retail trade and the hotels and hospitality sectors are particularly badly hit by the current crisis. Entrepreneurs in these industries can now receive Bridging Assistance III of up to €1.5 million per month – and €3 million per month in the case of affiliated companies."

Bridging Assistance III is available to companies that are heavily affected by the COVID-19 pandemic and the current partial lockdown. Until the end of June 2021, these companies can receive public support of up to €1.5 million per month. Affiliated companies receive up to €3 million per month and a total of €12 million, i.e. the maximum amount permitted under state aid rules. The aid does not need to be repaid. Companies throughout Germany can apply for Bridging Assistance III via (in German).

Since 10 February 2021, companies below the €750 million turnover threshold have been able to submit applications for Bridging Assistance III. Advance payments of up to 50% of the amount applied for and a maximum of €100,000 per month have been made since 12 February. From today, companies with an annual turnover of more than €750 million which are affected by the lockdown can also benefit from these advance payments.

For more information and support for companies, please klick here (in German).