EXPLORE WHAT THE EUROPEAN UNION IS DOING TO HELP SMALL BUSINESS IN TIMES OF COVID-19
The Commission is further increasing its response by proposing to set up a €100 billion solidarity instrument to help workers keep their incomes and help businesses stay afloat, called SURE. It is also proposing to redirect all available structural funds to the response to the coronavirus.
Download the EC pdf Coronavirus the Commission mobilises all of it’s resources
Report on the comprehensive economic policy response to the COVID-19 pandemic
The Eurogroup decides to provide an emergency response plan of 200 billion of financing for SMEs, among the 540 billion of the emergency response plan agreed on the 9th of April.
Joint Council-Commission Roadmap towards lifting COVID-19 containment measures
At their meeting on 26 March 2020, the Members of the European Council committed to do everything that is necessary to protect the EU’s citizens and overcome the crisis while preserving the European values and way of life.
Beyond the urgency of fighting the COVID-19 pandemic and its immediate consequences, the Members of the European Council called for preparing the measures necessary to get Europe’s societies and economies back to a normal functioning and to sustainable growth, integrating inter alia the green transition and the digital transformation, and drawing all lessons from the crisis.
Questions and answers on the Coronavirus Response Investment Initiative Plus: New actions to mobilise essential investments and resources
How does the Coronavirus Response Investment Initiative Plus (CRII+) complement the measures adopted under the first package?
The first package of measures of the Coronavirus Response Investment Initiative concentrated on the immediate mobilisation of structural funds, to allow for a prompt response to the crisis. In this regard, a number of very important changes have been introduced that extend the scope of support of the Funds, provide immediate liquidity and give flexibility in programme amendments.
State aid: Commission extends Temporary Framework
To enable Member States to accelerate research, testing and production of coronavirus relevant products, to protect jobs and to further support the economy in the coronavirus outbreak
The European Commission has adopted an amendment extending the Temporary Framework adopted on 19 March 2020 to enable Member States to accelerate the research, testing and production of coronavirus relevant products, to protect jobs and to further support the economy in the context of the coronavirus outbreak.
COVID-19 – Council adopts measures for immediate release of funds
The EU is taking swift action to make available money to help tackle the effects of the COVID-19 pandemic.The Council today adopted two legislative acts to quickly release funding from the EU budget for tackling the COVID-19 crisis. One of the acts amends the rules of the structural and investment funds, while the other extends the scope of the EU Solidarity Fund.
Eurogroup agrees on COVID-19 economic policy response
Eurogroup’s agreement on a first set onf measures to mitigate socio-economic impacts of #COVID19. These include: small blue diamond fully flexible state-aid and fiscal rules; small blue diamond short-term liquidity for SMEs and small blue diamond €37 billion to fight the outbreak.
Applications welcome from startups and SMEs with innovative solutions to tackle Coronavirus outbreak
The European Commission is calling for startups and SMEs with technologies and innovations that could help in treating, testing, monitoring or other aspects of the Coronavirus outbreak to apply urgently to the next round of funding from the European Innovation Council. The deadline for applications to the EIC Accelerator is 17:00 on Friday 20 March (New deadline).
ECB announces easing of conditions for targeted longer-term refinancing operations (TLTRO III)
The Governing Council of the European Central Bank (ECB) today decided to modify some of the key parameters of the third series of targeted longer-term refinancing operations (TLTRO III) to support the continued access of firms and households to bank credit in the face of disruptions and temporary funding shortages associated with the coronavirus outbreak. The changes will apply to all TLTRO III operations.