The procedure for regular payments of Bridging Assistance III has started today. The federal states can now start examining the applications and disburse the full amount of the aid before the end of March as planned.
said: "Now that the advance payments have started again this morning, the administrative procedure for Bridging Assistance III has also been set in motion. From today, the federal states can start processing the applications for funding support. This means that the full payments will be made in March as planned. This is important news for many entrepreneurs who continue to be severely affected by the coronavirus restrictions."
Businesses that have been hit particularly hard by the pandemic are eligible for Bridging Assistance III of up to €1.5 million per month and up to €3 million for associated companies. The aid is provided by the Federal Government to support these businesses in the period until the end of June 2021, and it does not have to be paid back. The final decision on applications and the regular disbursement is made by the federal states. Enterprises may receive a provisional partial payment (advance payment) from the Bundeskasse (federal treasury) of up to 100,000 euros per funding month immediately after submitting an application.
As the way has been cleared for regular payments of Bridging Assistance III, coronavirus assistance is now the responsibility of the federal states. The regular payment procedure for November Assistance has been the responsibility of the federal states since 12 January 2021 and for December Assistance since 1 February 2021. Today, the administrative procedure for Bridging Assistance III has been launched, which was the last one still outstanding.