The solidarity fund of 1,500 euros for all sectors will end on December 31

The “universal” solidarity fund of up to 1,500 euros per month for all sectors will stop on December 31, announced the Minister of Economy and Finance Bruno Le Maire on Friday, December 4.

“There is a so-called universal solidarity fund from which all companies which have lost 50% of their turnover can benefit. It is the indemnity which goes up to 1,500 euros. This solidarity fund, we will maintain it until December 31 ”, he said on RMC / BFMTV.

“It will not be continued after December 31 because economic activities will have resumed”, then assured Bruno Le Maire. After this date, ” we [passera] universal support because the pandemic affects everyone […] more targeted support ” on closed shops. “It is only justice”, he said again. “If the restaurants remain closed until the end of the year, it will be dramatic”

Administratively closed businesses benefit from a right of option between monthly aid of up to 10,000 euros or compensation of up to 20% of monthly turnover, capped at 200,000 euros.

Second emergency aid station

“The strategic choice we have made with the Prime Minister since the early days is to support the economy and adapt the systems as and when”, explained Bruno Le Maire, questioned about the limits of support for the activity after the announcement of the revision by Germany of its emergency aid system. In general, the French government will “Withdraw a certain number of aid gradually when it is no longer necessary”, according to the Minister of Economy and Finance.

Shops, end-of-year celebrations … the details of the containment relief presented by Castex

The last rectified budget for 2020 provides for 20 billion euros of expenditure for the solidarity fund, which is the second item of emergency aid after partial unemployment with 34 billion.

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