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  • The system is aimed at companies with fewer than 10 employees who are not eligible for the national solidarity fund.
  • This fund will initially be endowed with 32 million euros.

Some companies are in difficulty, but are not eligible for the national solidarity system. To make up for this lack, a fund which will allow up to 10,000 euros to be advanced to companies with fewer than 10 employees is launched in the Pays de la Loire region, the region's president announced on Tuesday.

"What I feared is that, for example, a trader who has a turnover drop of 40%, and suddenly, he is not helped at all", explained Christelle Morance (LR ) about the national solidarity fund. The latter offers a subsidy of 1,500 euros, as soon as a small business can prove that it has lost at least 50% of its turnover.

This regional system is intended to be very simple and rapid, with a declaration on honor made by the business manager, ensuring that he does not benefit from the national system. The amount loaned will range from 3,500 euros for companies with less than 50,000 euros in turnover per year, to 10,000 euros for those with more than 100,000 euros. They will then have between one and three years to repay.

Departments and agglomerations mobilized

"This fund will be endowed with 32 million euros at first," continued Christelle Morance, explaining that the Banque des Territoires and the region contributed half, while the five departments that make up the Pays-de-la- Loire and the intermunicipal authorities brought the other half. Each community contributes up to two euros per inhabitant and the money it advances is allocated to businesses in its territory.

"All of the major cities in each department: Nantes, La Roche-sur-Yon, Angers, Le Mans and Laval said yes, and today more than two-thirds of the intermunicipal authorities are responding favorably and I think we will arrive 100% of intermunicipal links in a few days, "said the regional president. The project will start in mid-April.

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