Fourth application round for business cost support begins on 17 August

NordenBladet — Companies will be able to apply for cost support for the March–May period starting on 17 August 2021. Companies in all sectors may apply for support. Companies in the sectors most affected by the coronavirus pandemic may submit an application without further justification.Companies, whose turnover has decreased by more than 30% due to the COVID-19 pandemic, can receive business cost support. A company’s turnover in March-May 2021 will be compared to the corresponding period in 2019. The support is intended to cover the company’s fixed costs and payroll costs.Sole entrepreneurs can still apply for business cost support. The support amounts to at least EUR 2,000 if the conditions are met. The maximum amount of aid will remain EUR 1 million, as before.Sectors worst affected to receive support without further justificationOn 12 August 2021, the Government issued a decree on the sectors that can apply for business cost support without providing further justification. These are sectors where turnover has decreased by at least 10%. The number of sectors meeting this criterion has fallen from 368 in the first application round in 2020 to 221 sectors now, which signals a general economic recovery. The listing of eligible sectors will help to take into account other reasons for a decrease in a company’s business. These may include seasonal fluctuations or declines in turnover for reasons other than COVID-19. The list of sectors is based on Tax Administration’s data on value added tax.If a company does not operate in one of the sectors defined in the decree, it must justify the need for support and provide an account of the loss of turnover due to COVID-19.Information on application and terms available at State TreasuryThe State Treasury will accept applications in the fourth application round for business cost support from 17 August to 30 September 2021. Companies apply for the support at the State Treasury’s online service.The State Treasury will organise a free online event on business cost support on 13 August 2021 at 11.00. The event, which is open to all, will address the terms of the aid and how to apply for it. 

Source: Valtioneuvosto.fi