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Economic stimulus and crisis management package – Selected liquidity assistance measures

On 3 June 2020, the coalition parties agreed in the coalition committee on a package of measures to help Germany quickly return to a sustainable growth path. A further aim of the measures is to ensure that Germany’s position after the crisis will be stronger than before and to ensure the country’s sustainable success.

Liquidity assistance is one of the measures that will be presented in the following overview. The information is based on a results paper, which may not yet reflect all the details of the proposed changes. In this respect, further concretisation remains to be seen.

Interim assistance programme

In order to secure the existence of small and medium-sized enterprises, a programme for interim assistance is being set up for corona-related loss of turnover. The volume of the programme is set at a maximum of EUR 25 billion. Interim assistance will be granted for the months of June to August 2020. Interim assistance applies across all sectors, whereby suitable consideration must be given to the specific features of the sectors particularly affected, such as the hotel and catering industry, caterers, pubs, clubs and bars, overnight accommodation facilities run as social enterprises, such as youth hostels, school recreation camps, providers of youth facilities for international youth exchange, facilities for the disabled, travel agencies, professional sports clubs in the lower leagues, showmen, event logistics companies and companies in the field of trade fairs.

Companies can apply for interim assistance if their sales in April and May 2020 were down by at least 60% against April and May 2019 due to the effects of corona if the decline continues in the months of June to August 2020 by at least 50%.

In the case of companies founded after April 2019, the months of November and December 2019 will be used for reference.

Up to 50% of fixed operating costs will be reimbursed in the event of a decline in sales of at least 50% against the same month of the previous year. In the event of a decline in sales of more than 70%, up to 80% of fixed operating costs can be reimbursed. The maximum reimbursement amount totals EUR 150,000 for three months. In the case of companies with up to five employees, the reimbursement amount should only exceed EUR 9,000 in justified exceptional cases and EUR 15,000 in the case of companies with up to ten employees. Any claimed decline in sales and fixed operating costs must be audited and confirmed by a tax consultant or auditor in a suitable manner. Overpayments must be reimbursed.

The deadlines for applications will end on 31 August 2020 at the latest and the deadlines for payments on 30 November 2020.

Stabilisation of non-profit organisations

In order to effectively support the federal states and their measures to stabilise non-profit organisations (social enterprises, youth hostels, youth education facilities, family holiday centres, school recreation camps and other non-profit children’s and youth accommodation), the federal government is setting up a special loan programme via KfW for the years 2020 and 2021 and is making one billion euros available for this purpose. Federal funds alone should allow for an 80 percent exemption from liability for the measures to be supported by the development institutions owned by the federal states. This allows federal states with limited funds to release up to 100 percent of the total liability for programmes for non-profit organisations.


For more information, go to:

Corona crisis – First aid from PKF

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