Companies in the catering sectors, travel agencies or sports halls in overseas territories will benefit from aid. This is what the government announces, in a joint press release from the Ministers of the Economy and Overseas Territories, as well as the Minister Delegate in charge of Tourism and SMEs.
In territories where more than 20 days of confinement or curfew have been decided in November and December, the solidarity fund is extended for these two months. It can compensate 40% of the loss of turnover of the company, if this loss is greater than 10%. But to benefit from it, these companies must have already benefited from the solidarity fund between January and May 2021.
New “fixed costs” system
In addition, a new “fixed costs” system has been introduced for the period covering November and December. Companies in protected sectors which have lost more than 50% of their turnover and which suffer an operating loss can see the latter compensated for 90%. This compensation falls to 70% if the company has more than 50 employees, and cannot exceed 12 million euros “per group for the duration of the crisis”, according to the press release. He also indicates that the device might be “maintained and adapted in January if the situation requires”.
Finally, the partial activity will be supported for any company located in a territory where restrictive measures affecting economic activity and the movement of people have been taken, and which has lost 60% of its turnover. business over the period.
