- Federal economic aid will be implemented in Hamburg as quickly as possible
- Hamburg stabilization fund started
- IFB loan programs will be extended and expanded for 2021
With a volume of over 1.5 billion euros from Hamburg funds alone, the Hamburg Corona protective shield for the economy is prepared for the second lockdown. This means that the federal aid, which has been expanded to include bridging and December aid, will be massively supplemented by the Free and Hanseatic City of Hamburg for companies affected by the restrictions.
Specifically, the following measures on the part of the two lead finance and economic authorities are being implemented or in progress:
- Quickly implement and pay out Federal Bridging Aid III
- Quickly implement and pay out December aid from the federal government
- Hamburg Stabilization Fund (HSF) launched for SMEs (volume: 1 billion euros)
- Corona Recovery Fund (CRF) extended for small business owners (volume: around 100 million euros)
- IFB credit program (with HKL, promotional loans, microcredits, universal credit) is being extended and expanded (volume: EUR 400 million)
- Tax assistance extended until the end of the 1st quarter of 2021 or the 2nd quarter of 2021
- City fee support extended until December 31, 2021
- Rental assistance updated (FAIRMIET appeal from ZIA / HdE, use your own leeway, MPK decision)
- The city’s public procurement law will be extended until December 31, 2021.
- Ease of use at the cash desk. Hamburg’s cash and grant law will continue until March 31, 2021.
- Hamburg economic stabilization program #HWSP started (volume: around 900 million euros)
At the same time, the Senate points out an important relief for retail businesses: The delivery of goods to order as well as their sale at a distance for collection with contactless handover outside the business premises is permitted, while observing the distance requirement as stipulated in the containment ordinance.
Senator Dressel: “With a volume of over 1.5 billion euros, our corona protective shield is equipped for the second lockdown from Hamburg alone. We continue to fight for companies and jobs – with a bundle of measures that can be seen in a country comparison. In addition to tax, fee and rental aid, we can now close a very important funding gap with the ‘Hamburg Stabilization Fund’ in good time before the end of the year, because many medium-sized companies in particular come under pressure on the equity side as the crisis progresses. By extending the much sought-after corona recovery fund CRF until the end of June 2021, we can make a good offer for growth-oriented small businesses. The extension and expansion of the loan program is the right answer to the fact that we will still have to help many companies in the second lockdown and in 2021. In this way, we create planning security for corona-damaged companies in good time before the turn of the year. Our request to all concerned: Take advantage of these offers! “
Senator Westhagemann: “The situation is serious. We have a responsibility to reduce the number of infections significantly. That hits some branches of the economy very hard. Together with the federal government, we will do everything to mitigate the consequences, preserve jobs and secure the economic strength of the location.
Throughout history, crises have always led to enormous innovation spurts. They challenge the creativity of companies and their employees. Often new ideas and business areas develop. Such events often bring a sustainability boost and a new perspective. “
About the HSF background
In this situation, in which companies are now also coming under pressure on the capital side due to the corona situation through no fault of their own, Hamburg can – as the federal government is also doing – relax the situation through temporary capital investments. The Hamburg Stabilization Fund is intended to be used by medium-sized companies and to support them with temporary capital investments and security deposits. Specifically, it is essentially about companies
a) a balance sheet total of more than 10 million euros and a maximum of 43 million euros,
b) Revenues of more than 10 million euros and a maximum of 50 million euros,
c) more than 50 employees and a maximum of 249 employees on an annual average
(of which two requirements must be met).
The Hamburg Stabilization Fund, with a total volume of up to one billion euros, is basically intended to address companies whose existence would have a significant impact on the economy, technological sovereignty, security of supply, critical infrastructures or the labor market in the Free and Hanseatic City of Hamburg Corona-related are currently in economic difficulties and other financing options have been exhausted. According to current planning, the minimum volume per case should be 800,000 euros.
For detailed information about the fund and the application process: www.hamburger-stabilisierungs-fonds.de.
The implementation ordinance is published on the HSF website.
Inquiries from the media
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