State Support: Thousands of Companies Threatened With Revocation of Corona Emergency Assistance

Thousands of companies in Saxony-Anhalt There is a risk that their Corona emergency aid will be revoked. According to the investment bank, around 10,000 companies have yet to report back their financial statements, even though the deadline has passed at the end of September. Until shortly before the deadline, there were around 17,000 companies. A total of 37,000 requests for emergency Corona assistance were approved in Saxony-Anhalt.

The investment bank initially announced that emergency aid would be automatically withdrawn if companies did not report back on time. As the spokesperson said, the companies have now been contacted for the final time. You are given another opportunity to provide input. There has been no cancellation notice yet.

Facilitate repayment of Corona emergency assistance

Corona emergency assistance was developed to cushion the economic impact of this pandemic and is part of several government assistance programs during the pandemic. The aid was paid between March and June 2020. According to the investment bank, the Corona emergency aid amounted to around 287.3 million euros paid in Saxony-Anhalt alone. About 28 million euros have been repaid so far.

According to the investment bank, significant simplification of the payment process was made in September. One example is that installment payments can be made in installments of up to 72 months. Installment payments also do not incur interest. However, what is basic is the response to the Corona emergency assistance.

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