Wolf Theiss

AUSTRIA - CORONA-RELIEF FUND – GUIDELINE FOR GRANTS TO COVER NON-REPAYABLE FIXED COSTS IN THE TOTAL AMOUNT OF EUR 8 BILLION (FROM THE CORONA-RELIEF FUND)

Starting from 20 May 2020, companies damaged by the effects of COVID-19 can apply for a non-repayable grant to cover their fixed costs ("Fixed Costs Grant").

As a basis for the provision of such grants, the Ministry of Finance has released a draft of the guideline for "grants by the COVID-19 Finanzierungsagentur des Bundes GmbH to cover fixed costs" ("Guideline"). Due to the lack of publication of this Guideline in the Federal Law Gazette (according to the current status as of 21 May 2020), the Guideline has not yet formally entered into force and is therefore, technically speaking, not legally valid. Accordingly, the application form for a Fixed Costs Grant, which is already officially available, is currently the only binding legal basis for the conclusion of a contract between the applicant and COVID-19 Finanzierungsagentur des Bundes GmbH ("COFAG"). However, it can be assumed that the Guideline in its final form will not significantly differ from the draft of the Guideline currently available.

The following summary is based on the draft of the Guideline as of 21 May and may therefore be subject to further amendments and additions.

In order to learn more, please download the file below.

 

For further information please contact

Horst Ebhardt
Horst
Ebhardt
Partner
Austria
Kurt Retter
Kurt
Retter
Partner
Austria
Georg Knafl
Georg
Knafl
Associate
Austria
Simona Shpilsky
Simona
Shpilsky
Associate
Austria

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