Covid-19: Business support measures in the FrankfurtRheinMain Region -

In Germany, the Federal and State governments have announced a multi-billion euro package of measures to support businesses affected by the Coronavirus outbreak following the release by the European Commission of details of a new State aid framework allowing such support measures.

The so-called “Corona-Schutzschild” (Corona-shield) is the largest aid package in German history. This includes a package of measures to support businesses and workers through the crisis. Five pillars of the German support system for Corona impacted companies:

  • Financial support through business loans
  • Short-time work
  • Guarantees and equity and tax relief
  • Relaxation of insolvency filing obligations
  • European Co-operation