Micro and small commercial and artisanal companies will be able to benefit from additional financial support measures after the adoption last Wednesday of the regulation of the Governing Council of the Grand Duchy.
Companies with between 10 and 20 workers may benefit from a compensation that amounts to a lump sum of 12,500 euros.
In addition, companies with fewer than 10 workers will also benefit from new measures. An additional compensation of 5,000 euros will be awarded to those who, forced to close or stop their activities, suffered a loss of at least 50% of their turnover during the period between April 15th and May 15th.
“We are strengthening immediate financial support for micro and small businesses because they are generally the most vulnerable to unpredictable events like Covid-19. Effective and prompt support is essential in times of crisis,” said the Minister for the Middle Classes, Lex Delles.
Detailed information is available since April 24th on the Guichet.lu website. The form to send applications, which will be processed by the General Directorate of the Middle Classes, is also available on that same website.