Corona-aid: aid funds will not arrive at founders

The number is huge: 353 billion euros, is intended to include the delivery of aid, wants to pay the Federal government because of the consequences of the Corona

Corona-aid: aid funds will not arrive at founders

The number is huge: 353 billion euros, is intended to include the delivery of aid, wants to pay the Federal government because of the consequences of the Corona pandemic over Germany – the equivalent of more than 4200 euros per citizen. To 820 billion euros in loan guarantees. The money is intended for corporations, hospitals, families, and Employees.

Falk Heunemann

business editor of the Rhein-Main-Zeitung.

F. A. Z.

Just for micro-entrepreneurs hardly anything left – at least tell those you know and support. 20 institutions that advise otherwise, the founder, have therefore addressed an open letter to the Federal government, the länder and the municipalities.

money only to Win

"We want to raise awareness and also alert," it reads. Micro-enterprises with a maximum of ten employees accounted for 80 percent of all companies in Germany – together with the employees, the tens of millions of Affected are. In the Wake of the pandemic, but it is to be feared that every fourth had to abandon in the next twelve months, the result was a study. "The already neglected Neugründungs - and thus risk-taking culture comes to a Standstill."

in the opinion of the signers may also use the billions in aid the Federal government very little change, because they were not in the case of the small enterprises to. "KfW-loans, for example, could only be from those applied for, the have in previous years profits," explains Kristina Hensch from Frankfurt's Social Impact Lab, which was at the call of a leader. However, many of the founders were not able, either, because their businesses existed only a short time, or because they invested their small gains in growth and the standard of living.

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among the supporters of the call to compass, the Frankfurt-based centre for start-UPS, the Frankfurt founder-UPS inside the help Jumpp, the göttingen-based consultancy mobile and also the German founder Association and the Thuringian centre for business green. Institutions, which are often worn in public, and usually do not operate for profit.

Two billion from the Federal government

Indeed, in the aid package the Federal government's financial grants for self-employed and micro-enterprises of up to € 15,000, provided as an operating grant for three months. For Start-ups, the Federal government has provided, furthermore, two billion euros as a support. However, small entrepreneurs complain that this relief apply for benefits is complicated, difficult to maintain and, moreover, is too low to be.

The Two-billion-Euro pot, for example, is intended especially for Start-ups with high growth potential, which have in the crisis difficulties, to find new investors. With the "Corona Matching facility" may participate, the investment subsidiary of the government development Bank KfW, with up to 70 per cent in a round of financing of a financial investor.

Updated Date: 18 July 2020, 17:19

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