The reinforced solidarity fund helps closed businesses in France

There are two options for how closed businesses can benefit from the mentioned fund: with compensation for loss of turnover up to 10,000 EUR or with a compensation of 20% of turnover capped at 200,00 EUR per month. The details are as follows.

Businesses closed on January 30, 2021, will benefit from the reinforced solidarity fund, with a right of option between

a. Compensation for loss of turnover up to 10,000 EUR;

 b. Or compensation of 20% of turnover capped at 200,00 EUR per month. For network businesses, particularly large integrated brands for which the 200,000 EUR in compensation would be insufficient, the mechanism for covering 70% of fixed charges will be open to them. This aid will enable traders to meet their rent and charges. Closed businesses will benefit from partial activity without any remaining charges and will benefit from exemption from employer contributions and assistance with the payment of employee contributions.