Rescue plan approved by the Government: who can opt for this aid?

Last Friday, March 12, the Government approved, in an extraordinary council of ministers, a rescue plan aimed at alleviating the effects of the pandemic, through delivery of direct aid to freelancers and entrepreneurs, which will be able to access amounts ranging from 3.000 to 200.000 euros.

To achieve this, there will be a 7.000 billion fund, Which is managed by the Autonomous Communities, and the Tax Agency will be in charge of ensuring that the money ends up in the hands of the person concerned.

That said, there are several doubts that arise around this rescue plan, such as the requirements that must be met to access these grants, the deadline to apply for them or the activities that will receive a grant. We will review these questions below.

Requirements to access these compensations

These aid are aimed at compensating companies in the sectors most affected by the pandemic and subsequent restrictions, therefore Some requirements must be met to access these:

First of all, a minimum 30% drop in turnover. Additionally, in 2019 a positive net result should have been registered.

Furthermore, the money that companies access will be a finalist. That is to say, focused on one purpose: it has to dedicate itself to paying invoices for fixed costs, payroll and debts for supplies and suppliers, among other items.

In this way, those who can access these compensations will be able to request a maximum of 40% of everything of everything that exceeds the first 30% drop in billing in the self-employed who do not pay taxes in modules and in SMEs with up to ten workers. For the rest of those affected, it will be 20% of what exceeds the 30% decrease in income.

Furthermore, the minimum help will be, as we have already mentioned, 3.000 euros for the self-employed who pay in modules and 4.000 euros for others. In this sense, the Ministry of Economy argues that ERTEs are already offsetting part of that 30% drop that is not covered.

What is the end date for grants?

Each community will launch its own call to access these grants. However, these can be accessed until the end of 2021. Of course, a final condition is that companies maintain their activity until June 2020.

THE 95 ACTIVITIES THAT WILL RECEIVE AID

To the decree we must add the publication of an annex, in the Official State Gazette (BOE), which includes a list of activities eligible for these grants. This list is made up of 95 areas of activity, and includes a wide range of professions and companies, as we see below:

Production and manufacturing

• Extraction of minerals from iron
• Ice cream making
• Making coffee, tea and infusions
• Distillation, rectification and mixing of alcoholic beverages
• Production of cider and fermented drinks from fruits
• Manufacture of other outerwear
• Manufacture of other clothing and accessories
• Manufacture of fur articles
• Manufacture of other knitted garments
• Graphic arts and related services
• Other printing and graphic arts activities
• Pre-printing and media preparation services
• Binding and related services
• Playback of recorded media
• Manufacture of explosives
• Precious metal production
• Manufacture of optical instruments and photographic equipment
• Fiber optic cable manufacturing
• Manufacture of jewelery and similar articles
• Manufacture of costume jewelery and similar articles
• Aviation and space repair and maintenance
• Steam supply and air conditioning

Stores

• Intermediaries in the textile, clothing, fur, footwear and leather trade
• Intermediaries in the trade of food products, beverages and tobacco
• Wholesale of hides and skins
• Wholesale of beverages
• Wholesale of sugar, chocolate and confectionery
• Wholesale of coffee, tea, cocoa and spices
• Wholesale of fish and shellfish and other food products
• Non-specialized wholesale trade of food products, beverages and tobacco
• Wholesale of porcelain, glassware and cleaning supplies
• Wholesale of watches and jewelery
• Other retail trade in non-specialized stores
• Retail trade of bread and bakery, confectionery and pastry products
• Retail trade of beverages
• Retail sale of computers, peripheral equipment and software
• Retail sale of textiles in specialized stores
• Retail of newspapers and stationery
• Retail trade of clothing
• Retail trade of footwear and leather goods
• Retail trade of watches and jewelery
• Retail trade of textiles, clothing and footwear at stalls and markets
• Retail trade of other products in stalls and markets
• Other retail

Shipping

• Urban and suburban passenger land transport
• Transportation by taxi
• Types of passenger land transport nec
• Maritime passenger transport
• Inland waterway passenger transport
• Air passenger transport
• Activities related to land transport
• Activities related to maritime and inland waterway transport
• Activities related to air transport

Accommodation and hospitality

• Hotels and similar accommodation
• Tourist accommodation and other short-stay accommodation
• Campsites and caravan parks
• Other accommodation
• Restaurants and food stalls
• Provision of meals prepared for events
• Other food services
• Beverage establishments

Other sectors

• Newspaper publishing
• Film exhibition activities
• Photography activities
• Car and light motor vehicle rental
• Truck rental
• Rental of leisure and sports items
• Video tape and disc rental
• Rental of other personal effects and household items
• Rental of office machinery and equipment, including computers
• Rental of means of navigation
• Rental of means of air transport
• Rental of other machinery, equipment and tangible goods nec
• Travel agency activities
• Tour operator activities
• Other reservation services and related activities
• Photocopying, document preparation and other specialized office activities
• Organization of conventions and trade fairs
• Other business support activities
• Performing Arts
• Auxiliary activities to the performing arts
• Show hall management
• Museum activities
• Management of historical sites and buildings
• Activities of botanical gardens, zoos and nature reserves
• Gambling and betting activities
• Management of sports facilities
• Gym activities
• Other sports activities
• Amusement park and theme park activities
• Other recreational and entertainment activities
• Shoe and leather goods repair
• Watch and jewelry repair
• Washing and cleaning of textile and leather garments
• Fitness activities

We hope that these grants can help your business recover. And finally, remember that you can find many more current news on our blog.