Current funding opportunities for companies in the COVID-19 crisis situation - Deloitte Global Investment and Innovation Incentives - version 02 ...
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Current funding opportunities for companies in the COVID-19 crisis situation Deloitte Global Investment and Innovation Incentives – version 02 (5 May 2020) 24 April 2020
Contents INTRODUCTION 3 Milestones and deadlines related to the economic impact of the coronavirus pandemic 4 Policy framework 6 EMERGENCY AID AT NATIONAL LEVEL 7 Economic stabilization fund 8 KfW entrepreneur loan (KfW - 037/047) 9 KfW-ERP start-up loan - Universal (KfW - 073/074/075/076) 10 Direct participation in syndicated financing (KfW - 855) 11 KfW quick loan 12 Emergency aid and loans for small companies, self-employed and freelancers 13 KfW investment loan for municipal and social enterprises (KFW - 148) 14 Special program on the framework directive for the promotion of entrepreneurial know-how 15 Further measures for rapid assistance to businesses in need 16 HEALTHCARE FUNDING TO COMBAT COVID-19 17 Investment funding of production facilities for personal protective equipment and medical devices 18 COVID-19 hospital relief fund 19 Research on COVID-19 in the wake of the Sars-CoV-2 outbreak 20 EMERGENCY AID FROM THE FEDERAL STATES 21 Contact 31 2020 Deloitte 2
Introduction 2020 Deloitte 3
Milestones so far in addressing the economic impact of the coronavirus pandemic
25.03.2020 &
20.03.2020 23.03.2020 24.04.2020
27.03.2020
• EU Commission • Draft of a supplement to • Bundestag (German • EU head of states agree
temporarily relaxes EU the federal budget of Parliament) to suspend the on an economic rescue
budget regulations for 2020 debt brake stipulated in package of EUR 500
member states until the end the Basic Law and approve billion, of which:
• Additional borrowings of
of December 2020 a new economic
EUR 156 billion - exceeds • Up to EUR 240 billion:
stabilisation fund of
• Suspension of the deficit existing debt ceiling of EUR Credit lines from the
EUR 600 billion
rules - Member States can 100 billion European Rescue System
take out unlimited debts in • Approval by the Bundesrat (ESM) as aid to states
• Notification of the KfW
order to guarantee the (Federal Council) to
Special Program by the EU • EUR 200 billion: European
national economy as much suspend the debt brake and
Commission Investment Bank (EIB) loan
liquidity as necessary approve the economic program for companies
stabilisation fund
• EUR 100 billion: "Sure"
short-time working program
2020 Deloitte 4
Outline of upcoming milestones and important deadlines
31.05.2020 &
29.04.2020 30.09.2020 31.12.2020
30.06.2020
• Proposal by the European • Deadline for applications • End of financial • End of new regulations for
Commission for a larger for emergency aid for small compensation for short-time work
EU multi-annual budget enterprises/ self-employed hospitals compensation,
from 2021 to 2027 and for • Asset testing for • Tax authorities no longer
a monetary recovery applications for grant deferrals of tax
instrument to build up the unemployment benefit II is liabilities,
economy in the times resumed
following the national • Tax prepayments can no
lockdowns longer be adjusted.
2020 Deloitte 5
Policy framework
In the supplementary budget, the German government provides for additional
expenditure totalling around EUR 122.5 billion to deal with the COVID-19 crisis. It has
also provided for a number of measures to support society:
Economic Stabilization Fund Further support for hospitals
Large-volume support measures with the • All medical interventions that are not
possibility of direct equity strengthening for large absolutely necessary have been
companies: postponed,
• Guarantee framework amounting to EUR 400 Various measures to finance possibly
billion increasing capacity needs of hospitals,
• Credit authorization over EUR 100 billion for see COVID19 Hospital Relief Fund.
direct recapitalization measures
• Loan authorization amounting EUR 100 billion for
KfW's special program.
Micro-enterprises and self-employed persons:
• One-off payment for three months - up to
EUR 15,000 depending on the size of the
business,
• Easier access to unemployment benefit II.
Social security
• Basic security for jobseekers according to SGB Competence for the federal
II, SGB XII and the social compensation law,
which is more quickly accessible in a simplified government
procedure, • Ministry of Health no longer requires the
• Child support adjusted to income during the approval of the individual states for
crisis, decisions on the basic supply of drugs and
• More flexible short-time allowance by the strengthening of human resources.
Federal Employment Agency, can be applied
for retroactively as of 01.03.2020.
Sources: https://www.bmwi.de/Redaktion/DE/Dossier/coronavirus.html ; https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/2020-03-13-Milliarden-Schutzschild-fuer-
2020 Deloitte Deutschland.html 6Emergency aid at national level The German government has adopted a package of measures to support companies coping with the economic consequences of the COVID-19 crisis. The following is a compilation of publicly available information on available funding opportunities to mitigate the damages of the current COVID-19 crisis situation. This compilation makes no claim to completeness or being-up-to date. 2020 Deloitte 7
Economic Stabilization Fund
Contents Nature and scope of the support, conditions
Large-volume support measures totaling EUR 600 billion for companies • Duration until 31.12.2020
and start-ups to avoid liquidity bottlenecks, support recapitalization on the
• Eligible to apply are companies that have fulfilled at least two of the
capital market and strengthen the equity of companies
following three conditions in the last two financial years already closed
• EUR 400 billion for liquidity guarantees for corporate liabilities (up to 60 on the balance sheet before 1 January 2020:
months maturity)
1. Balance sheet from EUR 43 million
• EUR 100 billion for a credit authorization for direct recapitalization
2. Turnover from EUR 50 million
measures (acquisition of shares in companies, dormant holdings or
equity-like instruments such as profit-sharing rights or subordinated 3. More than 249 employees on an annual average
bonds) As well as smaller companies in relation to critical infrastructure and start-
• EUR 100 billion for refinancing the KfW Special Program ups that have been valued by private investors with an enterprise value of
at least EUR 50 million in at least one completed financing round since
1 January 2017.
Application process
Applications should be submitted to the Federal Ministry of Economics and
Energy under this link.
Decisions are to be made by the Federal Ministry of Finance in agreement
with the BMWi.
2020 Deloitte Source: https://www.bmwi.de/Redaktion/DE/Coronavirus/WSF/wirtschaftsstabilisierungsfonds.html 8KfW entrepreneur loan (KfW - 037/047)
Contents Nature and scope of the support, conditions
With program 037/047, the KfW bank provides financing for investments Loan amount:
and working capital of medium-sized and large commercial enterprises, sole
• a maximum of EUR 1 billion per group of companies (in the sense of
proprietors and freelancers.
affiliated companies), limited to a maximum
The KfW Entrepreneur Loan enables medium-sized and large companies,
• 25% of the annual turnover in 2019 or
sole proprietorships and freelancers that have been in existence for at
least 5 years to obtain low-interest financing for projects in Germany. • Twice the wage costs in 2019 or
Small and medium-sized enterprises as defined by the European Union can • The applicant's current liquidity requirements for the next 18
obtain particularly favorable conditions. months for small and medium-sized enterprises or 12 months
Eligible actions are those within the program: for large enterprises
• Investments For loans exceeding EUR 25 million, the loan amount is limited to a
• Resources maximum of 50% of the company's total debt.
• Warehouse Up to 100% of eligible costs will be financed.
• Acquisition of assets from other companies including takeovers and
active participations KfW provides different term variants (2 or 5 years) for the measures with
different conditions depending on the measure.
Debt rescheduling, additional financing, certain construction measures,
trust structures and transactions involving the use of self-protection are
excluded from support. Furthermore, the projects generally excluded by
KfW apply. Application process
Applications must be submitted directly via the house bank or another
financing partner.
Source: https://www.kfw.de/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF-documents/6000000188-leaflet-037-047.pdf; https://www.kfw.de/PDF/Download-
2020 Deloitte Center/Konzernthemen/Nachhaltigkeit/Ausschlussliste 9KfW-ERP start-up loan - universal (KfW - 073/074/075/076)
Contents Nature and scope of the support, conditions
With its program 073/074/075/076 KfW provides financing for investments Loan amount:
and working capital for business start-ups, business successions and
• a maximum of EUR 1 billion per group of companies (in the sense of
business consolidation.
affiliated companies), limited to a maximum
The ERP-Start up Loan - Universal enables low-interest financing of start-
• 25% of the annual turnover in 2019 or
ups, succession arrangements or company consolidations.
• Twice the wage costs in 2019 or
Founders as well as freelancers and commercial medium-sized companies
that have been in existence for less than 5 years are supported. The • The applicant's current liquidity requirements for the next 18
interest rate is subsidised from funds of the ERP Special Fund. months for small and medium-sized enterprises or 12 months
for large enterprises.
Eligible actions are those within the programme:
• Investments For loans exceeding EUR 25 million, the loan amount is limited to a
• Resources maximum of 50% of the company's total debt.
• Warehouse Up to 100% of eligible costs will be financed.
• Acquisition of assets from other companies including takeovers and
active participations KfW provides different term variants (2/5 years) for the measures with
different conditions depending on the measure.
Companies that were not in difficulty on 31 December 2019 can apply for a
loan.
Debt rescheduling, additional financing, certain construction measures,
trust structures and transactions involving the use of self-protection are Application process
excluded from support. Furthermore, the projects generally excluded by
KfW apply. Applications must be submitted directly via the house bank or another
financing partner.
Source: https://www.kfw.de/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF-documents/6000002259-leaflet ERP-Gr%C3%BCnderkredit-068.pdf; https://www.kfw.de/PDF/Download-
2020 Deloitte Center/Konzernthemen/Nachhaltigkeit/Ausschlussliste 10Direct participation in syndicated financing (KfW - 855)
Contents Nature and scope of the support, conditions
With program 855, the KfW provides investment and working capital loans KfW participates in debt financing with risk participations, whereby the KfW
for medium-sized and large enterprises. risk share is usually at least EUR 25 million and not
The special program is aimed at companies that have experienced • Twice the annual payroll in 2019 or
temporary financing difficulties as a result of the COVID-19 crisis from 1
• 25% of the total revenue for the year 2019 or
January 2020.
• Exceeds the liquidity requirements for the next 12 months
The program is aimed at domestic and foreign commercial enterprises, the
majority of which are privately owned, for projects in Germany. Applicant KfW's assumption of risk can amount to a maximum of 80% of the project
companies must not have been in difficulties (according to the EU financing. In order to ensure an adequate risk partnership between KfW
definition) on the cut-off date 31.12.2019. and the financing partners, KfW's share in the total debt of the enterprise
is limited to a maximum of 50%.
Financing is provided within a consortium, either directly as a
consortium partner or indirectly as a risk sub-participation. As an KfW participates in financing with a term of up to 6 years.
option, partner banks can also be refinanced by means of a pass-through
loan at their own risk.
Debt rescheduling or subsequent financing of already completed projects is
excluded from funding. In addition, KfW generally excludes certain projects
from financing or stipulates conditions to be met. Application process
Applications must be submitted directly via the house bank or another
financing partner.
Source: https://www.kfw.de/PDF/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF documents/6000004518_M_855.pdf; https://www.kfw.de/PDF/Download-
2020 Deloitte Center/Konzernthemen/Nachhaltigkeit/Ausschlussliste 11KfW quick loan (for SMEs with more than 10 employees)
Contents Nature and scope of the support, conditions
• Subsidised loan for purchases (investments) and running costs • Maximum loan amount: up to 3 months' turnover in 2019
(operating costs) • Companies with up to 50 employees receive a maximum of EUR 500,000
• for companies with more than 10 employees, which have been on the • Companies with more than 50 employees receive a maximum of
market at least since 1 January 2019 EUR 800,000
• the company has last generated a profit - either in 2019 or on average • Interest rate: currently 3%
over the last 3 years • Duration: 10 years, 2 years without repayment
• No forecast of the applicant's continuation is necessary; the company • 100% risk assumption by KfW (financing partner/house bank is released
must have made a profit only over the past 3 years (or the shorter period from liability)
if the company has not been active on the market for 3 years) • No risk assessment by financing partner/house bank
• Profit and dividend distribution not possible during the credit period.
• Excepted from this are customary market remunerations to business
owners (natural person)
• The loan cannot be used in combination with one of the three
programmes of the "KfW Special Programme 2020”
Application process
Applications must be submitted directly via the house bank or another
financing partner.
2020 Deloitte Sources: https://www.bmwi.de/Redaktion/DE/Coronavirus/kleine-mittlere-grosse-unternehmen.html // https://www.kfw.de/KfW-Konzern/Newsroom/Aktuelles/KfW-Corona-Hilfe-Unternehmen.html 12Emergency aid and loans for small companies, self-employed and freelancers
Combination of national and state aid
Contents Nature and scope of the support, conditions
The Federal Cabinet has approved emergency aid for small companies, self- Funding is provided as:
employed persons and freelancers to the amount of up to EUR 50 billion.
1. Non-repayable cash grant (emergency aid)
Measures
2. Credit with up to 90% risk assumption
1. Emergency aid for companies/self-employed persons with
The applicant must sign a statement that he is in economic difficulties as a
a. Up to 5 employees: single payment of up to 9,000 Euro for result of the Corona pandemic.
3 months
b. Up to 10 employees: single payment of up to 15,000 Euro for
3 months
2. Unemployment security: Easier access to unemployment security Application process
for self-employed persons for 6 months (no assessment of capital,
subsequent means test) Applications for emergency aid can be submitted until 31 May 2020 via the
3. Loans: KfW special program for companies responsible regional authorities.
a. Which have existed for 5 years or more: KfW Entrepreneur Applications for unemployment security can be made informally by
Loan telephone, e-mail or (in-house) mail to the responsible job center.
b. Which have not been in existence for 5 years: ERP Start-up Applications for KfW loans must be submitted directly via the house bank
Loan or another financing partner.
2020 Deloitte Source: https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/2020-03-19-Milliardenhilfe-fuer-alle.html 13KfW investment loan for municipal and social enterprises (KFW - 148)
Contents Nature and scope of the support, conditions
The KfW investment loan Municipal and Social Enterprises has been • Maximum EUR 50 million per project
extended to finance working capital in addition to financing investments
• Up to 100% of eligible costs will be financed
into communal and social infrastructure.
Municipal and social enterprises are eligible to apply for this loan.
Application process
An application may be submitted until 31 December 2020 to the
respective financing partner before the start of the project.
When applying, it must be filled in on the application that the intended use
of the money is categorized as "other measures: health”.
2020 Deloitte Source: https://www.kfw.de/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF-Dokumente/6000000077-M-Kommunale-und-Soziale-Unternehmen-148.pdf 14Special program on the framework directive for the promotion of entrepreneurial
know-how
Contents Nature and scope of the support, conditions
• Consulting for Corona-affected SMEs including freelancers without • Subsidy is 100% of the invoiced consultancy costs
own contribution independent of industry and age
• Maximum EUR 4,000 per project
• Eligible consultancy costs: consultants' fees, expenses and travel
costs
• General management consultancy (business protection consultancy
to restore economic performance and competitiveness) and special
consultancy for companies
• Grant is paid to the consultancy firm
• Prior information meetings with a regional contact person, as required by
the Framework Directive, are not mandatory before an application is
submitted.
• Amendment of the Directive in force since 3 April 2020.
Application process
Applications can be submitted to the licensing authority (Federal Office of
Economics and Export Control - BAFA) until 31 December 2020.
Source: https://www.bmwi.de/Redaktion/DE/Downloads/B/bekanntmachung-foerderung-unternehmerischen-know-hows.pdf?__blob=publicationFile&v=4
2020 Deloitte 15
https://www.bafa.de/DE/Wirtschafts_Mittelstandsfoerderung/Beratung_Finanzierung/Unternehmensberatung/unternehmensberatung.html;jsessionid=416CBE28A947FA3F779407017F57B15C.1_cid362?nn=8062106Further measures for rapid assistance to businesses in need
Simplified risk assessment by KfW State-owned guarantee banks
• KfW waives its own risk assessment for loans of up to EUR 3 million; • Deficiency guarantees for up to EUR 2,5 million
instead, the loan is assessed by its principal bank • For SMEs and freelancers in all sectors
• "Fast track procedure“: Approval within 5 days for loans between • Guarantee rate up to 80%
EUR 3-10 million.
• Express guarantees up to EUR 500,000
• For investments and working capital
• Application via house bank
• Can be combined with other public funding
Large Guarantee Program
• Default guarantees for amounts of EUR 50 million or more
• Guarantee rate of up to 80%
• For companies throughout Germany
• For investments and working capital
• Application via house bank
• Can be combined with other public funding
2020 Deloitte Source: https://www.vdb-info.de/aktuelles/pressemitteilungen/corona-krise-buergschaftsbanken-erweitern-unterstuetzung-von-kmu 16Healthcare funding to combat COVID-19 2020 Deloitte 17
Investment funding of production facilities for personal protective equipment and
medical devices
Contents Nature and scope of the support, conditions
The aim of this directive is to strengthen the production of personal • Eligible participants: companies with a permanent establishment or
protective equipment and medical devices for patient protection and to branch in Germany
reduce national and European import dependencies.
• Non-repayable cash grant
This applies in particular to the production of filter fleece, which serves as a • Funding rate: up to 30% of eligible expenditure capped at EUR 10
preliminary product for respiratory protection products and medical face million per company (including subsidiaries)
masks. In a first step, this program is intended to establish production • Eligible are necessary investment costs (including ancillary costs)
capacities in Germany by the end of March 2021 in order to increase the
annual production volume of filter fleece by 4,000 metric tons in order to • The project must not have started before 28 February 2020
produce up to an additional 5 billion medical face masks and filtering half
masks ("FFP2"/"FFP3"/medical face masks) for protection against particles
per year. On this basis, it is planned to gradually add further production
and product areas for protective equipment to the directive in the short
term.
Application process
Funding is provided for investments in the construction and expansion of
facilities for the production of personal protective equipment and medical • Application must be submitted by 30 June 2020
devices for patient protection as well as their preliminary products. The
• Responsible promoter:
applicant must prove by means of references that he has the expertise and
Federal Office of Economics and Export Control (BAFA), Unit 414
experience to produce the goods defined in accordance with the objective of
Frankfurter Strasse 29 - 35
this guideline for the intended purpose.
65760 Eschborn
The subsidized facility must be operated for the intended purpose until at
least 31 December 2023.
2020 Deloitte Source: https://www.bafa.de/DE/Wirtschafts_Mittelstandsfoerderung/Handwerk_Industrie/Produktionsanlagen_Schutzausruestung/produktionsanlagen_schutzausruestung_node.html 18COVID19 Hospital Relief Act
Contents Nature and scope of the support, conditions
The new measures are designed to support hospitals, contract physicians • Funding is provided as a non-repayable cash grant
and nursing staff to effectively counter the corona epidemic. The aim of the
• Some measures limited in time
law is to avoid revenue shortfalls and deficits of the hospitals and to ensure
the liquidity of the hospitals in the short-term. • Additional expenditure is partly financed from the liquidity reserve of the
Health Fund
Most important measures include: • Additional expenses are borne by private and statutory health insurance
companies, the federal government, the states and municipalities
• Financial compensation for postponed operations and treatments
• Rate of EUR 560 per day for each unoccupied bed
• Bonus of EUR 50,000 for each additionally created intensive care bed for
hospitals
• Surcharge for additional costs of hospitals, in particular for personal Application process
protective equipment, of EUR 50 per patient
• Provisional "nursing fee" to be increased to EUR 185 Hospitals themselves determine the amount of compensation payments
according to the prescribed method of calculation and pass the claims on to
the state authority responsible for hospital planning. This authority then
transfers the amounts to the Federal Social Security Office, which then
transfers the funds required.
2020 Deloitte Source: https://www.bundesgesundheitsministerium.de/fileadmin/Dateien/3_Downloads/Gesetze_und_Verordnungen/GuV/C/Entwurf_COVID-19-Krankenhausentlastungsgesetz.pdf 19Research on COVID-19 in the wake of the Sars-CoV-2 outbreak
Contents Nature and scope of the support, conditions
Due to the current outbreak of the corona virus Sars-CoV-2, the BMBF is • Eligible participants: research institutions, institutions of the public
funding individual projects and, in justified exceptions, small research health system and health care as well as commercial enterprises are
consortia (with up to three partners), which are oriented towards the eligible to apply for funding
WHO´s priorities and address the following points:
• Non-repayable cash grant
• The biology of the virus and its transmission
• Animal and environmental research on the origin of the virus, including • Funding rate: up to 100% of project-related expenditure/costs
control measures at the human-animal interface • Project volume up to EUR 500,000 per project
• Epidemiological studies
• Clinical characterization and clinical management of diseases caused by • The funding period is up to 18 months
the virus
• Infection prevention and control, including the best ways to protect
healthcare workers Application process
• Research and development of drugs and other therapeutic methods as
well as the development of new diagnostic approaches One-step application procedure:
• Accompanying research and ELSA research in connection with the
outbreak • Submission of formal applications for funding (including project
outline, project description with exploitation plan, financing plan, etc.)
Funding is provided for projects in four modules: possible until 11 May 2020
1. Early clinical studies for the application of already approved therapeutic Responsible promoter:
approaches on Sars-CoV-2 DLR project management
2. Control of COVID-19 through new therapeutic and diagnostic approaches - Health research -
3. Research that contributes to the understanding of the virus and its Heinrich-Konen-Strasse 1
spread 53227 Bonn
4. Support of already ongoing research projects on corona viruses
2020 Deloitte Source: https://www.gesundheitsforschung-bmbf.de/de/10592.php 20Emergency aid from the federal states 2020 Deloitte 21
Germany - Support at state level
In addition to national funding, the federal states grant various country-specific
initiatives, which are intended to benefit SMEs and the self-employed in particular.
Schleswig-
Holstein
Mecklenburg-
Western Pomerania
Hamburg
Bremen
Brandenburg
Lower Saxony
Berlin
Saxony-
North Rhine- Anhalt
Westphalia
Saxony
Thuringia
Hesse
Rhineland -
Palatinate
Saarland
Bavaria
Baden-
Württemberg
Please click on the federal state to get to the corresponding program.
2020 Deloitte 22Germany - Support at state level
Baden-Württemberg - liquidity loan Bavaria - emergency aid Corona
Granting of working capital, liquidity and bridging finance: The Bavarian State Government supports affected SMEs and
freelancers in Bavaria with extended emergency financial aid
• Loan amount: EUR 10,000 to 5 million based on the federal program:
• Flexible duration between four and ten years • Up to 5 employees EUR 5,000
• Up to 10 employees EUR 7,500
• Can be combined with a guarantee
• Up to 50 employees EUR 15,000
Target group: Freelancers and companies with max. 500 • Up to 250 employees EUR 30,000
employees in Baden-Württemberg.
Target group: Companies with up to 250 employees
Applications are submitted via the development bank of the state with business or workplace in Bavaria.
Baden-Württemberg.
Submission of the application form to the relevant
Further information can be found under this link. authorizing authority.
+ Emergency aid Corona More information can be found under this link.
Expansion of the federal emergency aid program: Eligible applicants
with up to 50 employees will receive a one-off payment of EUR
30,000 over 3 months.
Further information can be found under this link.
2020 Deloitte 23Germany - Support at state level
Berlin - liquidity support Hamburg - Hamburg Corona emergency aid
From now on liquidity aid can be provided to IBB: The emergency aid program supplements the federal
emergency aid program with additional funds. This is done
• Granting of rescue loans (up to EUR 500.000, interest-free)
through direct, genuine, additional grant funds in the
• Restructuring loans (up to EUR 1 million) amount of:
• Sectors previously excluded but affected (e.g. retail, catering, • EUR 2,500 (Freelancer)
accommodation) will also have access to the program
• EUR 5,000 (up to 10 employees)
Target group: SMEs with permanent office in Berlin • EUR 25,000 (11-50 employees)
• EUR 30,000 (51-250 employees)
Submission of the application documents to the investment bank
of Berlin (IBB). Target group: small and medium-sized enterprises with up to
250 employees, self-employed persons and members of the
More information can be found under this link. liberal professions as well as artists and cultural workers.
Application suspended until further notice! Application via investment bank of Hamburg.
More information can be found under this link.
2020 Deloitte 24Germany - Support at state level
Mecklenburg-Western Pomerania - Special state Lower Saxony - NBank liquidity credit and
guarantee program for liquidity support emergency aid
The Land of Mecklenburg-Western Pomerania provides The Land of Lower Saxony offers support in the form of a
liquidity support in the form of repayable grants: liquidity credit and a non-repayable cash grant:
• Up to EUR 20,000 (micro-enterprises and freelancers) • Liquidity credit: EUR 5,000 to 50,000 in the form of a
• Up to EUR 200,000 (SMEs) loan with a financing share of up to 100% of eligible costs
over a 10-year period
Target group: SMEs and micro enterprises
Target group: Freelancers and small businesses up to and
Procedure: GSA (simplified procedure) including 10 employees
More information can be found under this link. Emergency aid:
• Up to 5 employees: up to EUR 9,000
+ Emergency aid Corona • Up to 10 employees: up to EUR 15,000
The state also offers an emergency aid program with • Up to 30 employees: up to EUR 20,000
non-repayable grants of up to EUR 60,000 for companies
• Up to 49 employees: up to EUR 25,000
with up to 100 employees.
Target group: Companies with up to 49 employees, non-
More information can be found under this link. profit enterprises, associations, start-ups and landlords of
holiday homes.
More information can be found under this link.
2020 Deloitte 25Germany - Support at state level
Saxony-Anhalt – IB loan and emergency aid North Rhine-Westphalia – emergency aid
Saxony-Anhalt offers on the one hand an increased version of Emergency aid extends the federal program and is provided
state emergency measures and on the other hand a loan for in the form of a one-off non-repayable grant. It is
small enterprises. graduated according to the number of employees and is for
three months (from the date of application):
• Loan to secure liquidity up to the full amount of the
financing requirement (min. EUR 10,000, max. • EUR 9,000 for eligible solo self-employed persons and
EUR 150,000), 2 years interest- and redemption-free eligible applicants with up to 5 employees
Non-repayable grants amounting to:
• EUR 15,000 for eligible applicants with up to
• Up to EUR 9,000 (up to 5 employees) 10 employees
• Up to EUR 15,000 (up to 10 employees)
• EUR 25,000 for eligible applicants with up to 50 employees
• Up to EUR 20,000 (up to 25 employees)
• Up to EUR 25,000 (up to 50 employees) Target group: Commercial and non-profit enterprises, self-
employed persons and members of the liberal professions,
Target group: Self-employed persons, companies with up to including artists, with up to 50 employees
50 employees and freelancers.
Application via a house bank.
Application via the investment bank of Sachsen-Anhalt. More information can be found under this link.
More information can be found under this link.
2020 Deloitte 26Germany - Support at state level
Brandenburg - Emergency aid Corona Bremen - Corona emergency aid program
Brandenburg enables an extended form of the federal In addition to the federal program to support micro-
program for emergency aid in the form of non-repayable enterprises, the State of Bremen offers liquidity grants for
grants for companies with small enterprises with more than 10 and less than 50
employees. The maximum amount of funding is up to
• Up to 5 employees: up to EUR 9,000 EUR 20,000, depending on the liquidity bottleneck
• Up to 15 persons in employment: up to EUR 15,000 presented by the applicant.
• Up to 50 employees: up to EUR 30,000
• Up to 100 employees: up to EUR 60,000 Target group: Enterprises with more than 10 and less than
50 employees
Target group: Self-employed persons, members of the
liberal professions and small companies with up to 100 Applications to be submitted in Bremen: BAB or Chamber of
employees who have a place of business or work in the State Commerce or Bremerhaven: BIS Bremerhaven
of Brandenburg and are registered with a German tax office.
More information can be found under this link.
Application via the investment bank of Brandenburg.
More information can be found under this link.
2020 Deloitte 27Germany - Support at state level
Saarland - Emergency aid program for SMEs Saxony – Saxony helps immediately
The Saarland relies fully on the federal program for In addition to the emergency aid provided by the federal
emergency aid. Additional state funding is not planned. government, Saxony grants loans to support companies that
More information can be found under this link. have run into liquidity bottlenecks due to the corona crisis.
• For applicants with an annual turnover in 2019 of up to
EUR 1 million, the loan amount is limited to EUR 50,000
• For applicants with an annual turnover in 2019 exceeding
EUR 1 million, the loan amount is limited to EUR 100,00
Target group: Sole proprietors, micro-enterprises and
freelancers, with an annual turnover of up to EUR 1 million in
their main occupation, as well as larger companies with up
to 100 employees and an annual turnover in 2019 of more
than EUR 1 million
The application and approval office is the development bank
of Saxony (Sächsische Aufbaubank – Förderbank).
More information can be found under this link.
2020 Deloitte 28Germany - Support at state level
Schleswig-Holstein - SH financing initiative Thuringia – Emergency aid
In order to stabilize the strained economic situation caused Thuringia has increased the federal emergency aid
by Corona, especially for SMEs, fast and easy access to program for other companies as follows:
finance is to be guaranteed:
• Up to 5 employees: up to EUR 9,000
• Financing loans up to EUR 2 million volume of funding,
• Up to 10 employees: up to EUR 15,000
up to EUR 750,000 the application is reviewed in an
• Up to 25 employees: up to EUR 20,000
express procedure
• Up to 50 employees: up to EUR 30,000
Target group: SMEs in Schleswig-Holstein
Application via the guarantee bank, IB.SH or MBG Target group: enterprises engaged in the main occupation,
More information can be found under this link. self-employed persons and members of the liberal
professions with up to 50 employees.
+ State Program Corona Emergency Aid Application via the Thuringia development bank.
In addition to federal funding, the self-employed, members
More information can be found under this link.
of the liberal professions and companies with more than
10 and up to 50 employees receive a one-time,
non-repayable grant of up to EUR 30,000.
More information can be found under this link.
2020 Deloitte 29Germany - Support at state level
Hesse – Emergency aid Rhineland-Palatinate – Corona Emergency aid
loan
The state of Hesse is topping up the federal emergency aid
program. In total, the following direct non-repayable The state of Rhineland-Palatinate uses the support of the
grants can be paid out: federal government and extends it by means of immediate
• For freelancers and micro-entrepreneurs with up to loans which have to be repaid.
5 employees: up to EUR 10,000
• EUR 10,000 lump-sum loan for applicants with up to
• For entrepreneurs with up to 10 employees: up to 10 employees
EUR 20,000
• For self-employed persons and companies with up to • EUR 30,000 lump-sum loan for applicants with up to
50 employees: up to EUR 30,000 30 employees additional state subsidy of 30% of the
loan amount
Target group: Freelancers, self-employed persons and
companies with up to 50 employees Target group: Self-employed persons, members of the
liberal professions and small enterprises with up to
Application via the Kassel Regional Council. 30 employees.
More information can be found under this link. Application at the responsible house bank.
More information can be found under this link.
In the above overview, only funding initiatives of the German federal states are presented, which were newly created or adapted due to the
corona crisis. In addition to these newly introduced aid measures, the existing public funding and financing instruments continue to be
available in the respective federal states.
2020 Deloitte 30Contact 2020 Deloitte 31
Your Contacts
Deloitte Global Investment and Innovation Incentives (Gi³)
Dr. Sebastian Lange Lukas Lechner
Director Manager
Global Investment and Innovation Global Investment and Innovation
Incentives Incentives
Berlin Hamburg
T +49 30 25468 5173 T +49 40 32080 4229
M +49 151 182 93720 M +49 151 580 75882
seblange@deloitte.de llechner@deloitte.de
Dr.-Ing. Maksim Danilov Finn Petersen
Consultant Professional
Global Investment and Innovation Global Investment and Innovation
Incentives Incentives
Hamburg Hamburg
T +49 40 32080 4506 T +49 40 32080 4493
M +49 151 580 75512 M +49 151 580 73374
mdanilov@deloitte.de fipetersen@deloitte.de
2020 Deloitte 32Your Contacts
Deloitte Legal
Felix Felleisen Sebastian Schnitzler
Partner Counsel
Legal Legal
Corporate/M&A Procurement & Competition
Düsseldorf Hamburg
T +49 211 8772 2553 T +49 40 3785 3837
M +49 172 866 9732 M +49 151 5800 2155
ffelleisen@deloitte.de sschnitzler@deloitte.de
Dr.-Ing. Maksim Danilov Finn Petersen
Consultant Professional
Global Investment and Innovation Global Investment and Innovation
Incentives Incentives
Hamburg Hamburg
T +49 40 32080 4506 T +49 40 32080 4493
M +49 151 580 75512 M +49 151 580 73374
mdanilov@deloitte.de fipetersen@deloitte.de
2020 Deloitte 33This presentation contains general information only, and none of Deloitte GmbH Wirtschaftsprüfungsgesellschaft or Deloitte Touche Tohmatsu Limited (“DTTL”), any of DTTL’s member firms, or any of the foregoing’s affiliates (collectively, the “Deloitte Network”) are, by means of this presentation, rendering professional advice or services. In particular this presentation cannot be used as a substitute for such professional advice. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this presentation. This presentation is to be treated confidential. Any disclosure to third parties – in whole or in part – is subject to our prior written consent. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/de/UeberUns for a more detailed description of DTTL and its member firms. Deloitte provides audit, risk advisory, tax, financial advisory and consulting services to public and private clients spanning multiple industries; legal advisory services in Germany are provided by Deloitte Legal. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s approximately 312,000 professionals are committed to making an impact that matters.
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