May 24, 2022

what aid in 2022?

In view of the health situation at the end of 2021, new restrictive measures had to be taken, in particular concerning discotheques. This is why some Covid-19 aids are extended in 2022 and others are created. Explanations.

Covid-19 aid in 2022: extended systems

In parallel with the changes in 2022 for entrepreneurs, existing measures have been extended.

The fixed cost system

Set up since March 31, 2021, the fixed costs system is an exceptional aid that makes it possible to cover the fixed costs (rents, water and electricity bills, etc.) of companies.

Following the adoption of new restrictions for companies in the S1 and S1 bis sectors, the government has decided to extend the system for these sectors of activity.

Thus, companies in the S1 and S1 bis sectors can claim this aid if they record a turnover lower by at least 50% compared to the same month in 2019.

It covers between 70 and 90% of operating losses. However, a ceiling of 12 million euros per group is applied throughout the crisis period.

About the discos, coverage can be up to 100% of operating losses. This is why we are talking about a reinforced fixed cost system.

Reinforcement aid

This aid is intended for businesses that are prohibited from receiving visitors.

To qualify for the reinforcement aid, the company must:

  • have been created before January 31, 2021;
  • have been banned from receiving the public in December 2021;
  • have suffered a loss of turnover of at least 50%.

Coverage is then 100% within the limit of 2.3 million euros including the payment of the solidarity fund over the entire duration of the crisis.

Partial activity

Companies in the S1 and S1 bis sectors can again claim aid linked to partial activity if they lose at least 65% of their turnover.

State-guaranteed loan

The loan guaranteed by the State or PGE was finally extended until June 30, 2022. Eligible companies that have not yet benefited from this Covid-19 aid can therefore still do so.

In addition, companies that have already obtained a PGE can request a payment deferral of one additional year in relation to the initial due date.

The transition fund

The transition fund is an aid of 3 billion euros intended to support medium and large companies in all sectors.

It aims to strengthen their cash flow in the event of persistent needs and therefore to avoid cascading winding-up procedures. However, the company must demonstrate the economic viability of its project.

The new Covid-19 aid in 2022: fixed cost rebound aid

The fixed costs rebound system replaces the solidarity fund and the fixed costs aid.

To qualify, the business must:

  • have been created before January 1, 2019 and have undergone an uninterrupted ban on public reception for at least one month during the eligible period OR be a so-called S1 and S1 bis company;
  • be able to justify a loss of turnover of at least 50% and a negative EBITDA.

The request must be submitted no later than January 31, 2022.

The Covid-19 aids are destined to continue to evolve at the same time as the pandemic. It is recommended to consult the government website very regularly.

(Photo credit: iStock)

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Expert

Kézia Varde Kézia Varde holds a Master II in Business Law. She joined Legalstart to help strengthen the accessibility of law and support entrepreneurs in their projects. …
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