With the extension of the health restriction measures, the hotel, restaurant and tourism sectors will continue to suffer in the coming months.
To avoid a bankruptcy cascade, Bercy is preparing new aid measures, according to information from Nicolas Barré, editorial director of Les Echos.
How to avoid a cascade of cafes, hotels and restaurants bankruptcies?
While the closures imposed by the health situation continue, the government is preparing new aid measures, according to our editorialist Nicolas Barré, editorial director of Les
Echos
.
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Towards an increase in the ceiling to be entitled to the Solidarity Fund
"The government is going to increase the aid that the Solidarity Fund for companies can provide, which also targets the self-employed and other sectors such as tourism, events or sport. Thousands of companies have appealed to this fund since the start of the crisis. And this will continue in a new version of the device, the fourth since its creation last spring. Today, to put it simply, the aid is either lump sum - aid of 10,000 euros - , that is to say proportional to the turnover lost with a ceiling of 800,000 euros since the beginning of the crisis. This ceiling will be raised and could reach up to 3 million euros, the government must confirm this Thursday, "assures Nicolas Barré .
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Cover fixed costs for businesses
"These aids will no longer be a function of the lost turnover but will cover the fixed costs of the company, in this case up to 70% of these costs. The objective is to save companies which were above ceiling, for example groups of several restaurants which no longer have the means to keep up. It is moreover not excluded that this ceiling of 3 million euros of State aid is itself raised by Brussels in order to avoid a wave of failures, "continues our columnist.
"When this Solidarity Fund was set up last year, no one could predict the duration of the crisis. Not even if there would be a second or a third wave of the pandemic. However, we are there . "