State support

Support measures in various countries, regions and cities differ significantly. However, almost everywhere, the main instruments are private benefits, tax benefits, direct business subsidies and preferential loans.
  • EUR 600 bn (USD 650 bn) of the economic stability fund, including EUR 400 bn of loan guarantees for companies.
  • Strategic enterprises nationalization.
  • Full reimbursement of part-time allowance from the budget.
  • EUR 50 bn (USD 54 bn) to support the self-employed, small and micro enterprises.
  • EUR 15,000 (USD 16,000 is the maximum grant amount for small businesses.
  • EUR 25 m (USD 27 m) is the maximum preferential loan amount for large enterprises.
  • SEK 500 bn (USD 50 bn) of financial support for private companies.
  • SEK 5 bn (USD 500 m of government loan guarantees for airlines.
  • Full sick leave compensation for employees and self-employed for two months.
  • Social insurance payment, preliminary salary tax and VAT holiday of up to a year.
  • Up to 75% reimbursement of company expenses, if there is a risk of shortened working hours or dismissal.
  • SEK 1 bn (USD 100 m) to support culture and sports.
  • 50% rental compensation for companies that have suffered losses due to the pandemic.
  • Tax refund for organizations having paid taxes for the first half of 2020.
  • VAT reduction from 12% to 8% until October 31 for the companies operating in the field of passenger transportation and the hotel sector.
  • Deferral of VAT payments for QI from April 14 to June 10, payment of employers' social contributions from May 15 to August 15.
  • USD 4.7 bn of state guarantees on new bank loans to the SMEs, which suffered losses due to the pandemic.
  • USD 4.5 bn to invest in bonds issued by Norwegian companies.
  • Deferral of property tax.
  • 80% compensation of an average income over the past three years (but not more than EUR 52,000 per year) for the self-employed and freelancers.
  • AUD 55 bn (USD 33 bn, or 9.7% of the country's GDP) to support the economy.
  • AUD 1,500 (USD 920) per month to be paid to the employees who have lost their jobs, as well as those whose companies are in a difficult situation due to the pandemic.
  • Grants of up to AUD 60,000 (USD 36,800) for SMEs and NPOs to pay salaries.
  • Government guarantees of up to 50% on new loans to small and medium-sized businesses.
  • Up to AUD 1 bn (USD 0.6 bn) for the most affected regions.
  • CNY 1.2 tn (over USD 170 bn) of additional liquidity provided to the markets by the People's Bank of China.
  • Reduction of interest rates on loans for organizations.
  • Additional bank financing to stimulate small and medium-sized enterprises (SMEs).
  • Deferral of tax payments, reduction of rental fees, cancellation of administrative fees, subsidization of research and development costs, social insurance and training subsidies to comprehensively support SMEs.
  • KRW 100 tn (USD 80 bn) as emergency financial support for business.
  • KRW 58 tn (USD 47 bn) as loans to small and medium-sized businesses.
  • KRW 12 tn (USD 9.8 bn) to support small and medium-sized businesses.
  • KRW 20 tn (USD 16 bn) to stabilize the bond market.
  • The key interest rate reduced by 50 points to a record low value of 0.75%.
  • KRW 10.7 tn (USD 8.5 bn) as the stock market support fund created to combat the capital outflow.
United Kingdom
  • GBP 330 bn (USD 410 bn, or 15% of the country's GDP) to support business.
  • GBP 20 bn (USD 25 bn) for general tax benefits and other measures to protect small businesses.
  • GBP 1 bn (USD 1.2 bn) as guaranteed loans to medium and small businesses.
  • VAT payments were postponed until June 2020 for companies, and until January 2021 for the self-employed.
  • 14 days of sick leaves (about GBP 200 per day for each employee) to be reimbursed to small businesses.
  • GBP 1 bn (USD 1.2 bn) to support commercial real estate leaseholders (rental compensation).
  • GBP 10,000 (USD 12,000) as grants to small enterprises for business restoration.
  • GBP 500 m (USD 600 m) to help the self-employed citizens not entitled to sickness benefits.
  • Up to 80% of the salary for three months (no more than 2500 GBP per month) to be compensated to those who have lost their jobs.
  • EUR 3 bn (USD 3.25 bn) to support all companies in the country.
  • Tax payment freezing and rental holiday.
  • Interest-free loans of up to EUR 5 m are provided to all enterprises to pay off debts or support business by the end of 2020.
  • Compensation of up to 80% of risks for particularly affected companies.
  • Compensation of up to 50% of the expenses to enter foreign markets.
  • Deferral of tax payments.
  • EUR 10 m (USD 10.9 m) to support employees and their families.
  • EUR 600 (USD 652) as a one-time payment to employees and the self-employed.
  • Dismissal of employees is prohibited after February 23.
Audience: 16+