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Hamburg (dpa / lno) - Shortly before the start of the second corona shutdown, Hamburg's red-green Senate improved the city's protective umbrella for the economy to a good 1.5 billion euros.

"It is clear that we are now entering a very serious new phase, and the help has to give the right answer," said Finance Senator Andreas Dressel (SPD) on Tuesday.

Of course there is a lot of support from the federal government.

“But we are also a little proud of the fact that we have succeeded in supplementing and refining the Hamburg measures, so that one can now say that there are now aid measures from the Hamburg budget with a total volume of over 1.5 billion Euros now available. "

Dressel counted among other things the rapid disbursement of the bridging aid III of the federal government as well as the December aid. In addition, there would be the Hamburg stabilization fund for medium-sized companies with a volume of one billion euros. The Corona Recovery Fund for small business owners with a volume of around EUR 100 million and the EUR 400 million IFB loan program would be extended. The same applies, among other things, to tax assistance and fee assistance as well as simplifications under public procurement law.