UK: The government’s furlough scheme has helped employers pay the wages of 9 million employees across the UK. 2.7 million people have been supported by the self-employment income support scheme. Businesses have been supported by tax cuts and deferrals, as well as cash grants, and over a million loans through four government-backed schemes. And most recently, the govt announced it will support businesses with a £1000 per employee brought back from the furlough scheme.
Germany: The German government has implemented various measures to protect and aid the redistribution and repurposing of the available workforce of companies. Working hours act provisions suspended, Increase of the supplementary income limit for pensioners, Liquidity Assistance, Loans to medium and large enterprises, Direct participation for syndicated financing, The KfW fast loans for SMEs, Grants for micro-enterprises and self-employed persons, and so much more.
Netherlands: This includes a package of measures to support businesses in obtaining financing including: Direct compensation entrepreneurs affected sectors, Overhead support SME's, the SME credit guarantee scheme, the Business loan guarantee scheme, Direct support of vitally important companies, the Small business loan guarantee scheme, support startups and scale-ups, Microcredit support, Act on temporary payment deferrals for businesses, the Suretyship agriculture.
France: To date, the following support has been arranged: Payment deadlines for social and / or tax payments (URSSAF, direct taxes); Direct tax rebates; Deferral of rental payments, water, gas and electricity bills for the smallest businesses in difficulty; Aid of 1,500 euros for the smallest enterprises, the self-employed and micro-enterprises in the most affected sectors; Mobilization of the State to the tune of 300 billion euros to guarantee the bank cash lines that companies may need because of the epidemic; Support from the State and the Banque de France (credit mediation) to negotiate with his bank a rescheduling of bank credits; Maintaining employment in companies through the simplified and reinforced partial unemployment system; Support for the treatment of a conflict with customers or suppliers by the Business Ombudsman; and Public contracts: late penalties will not be applied.
Sweden: The Government is relaunching an initiative for green jobs for people who are far from the labor market. Almi Företagspartner AB (Almi) will receive a capital contribution of SEK 3 billion ($297 million) to increase its lending to small- and medium-sized businesses throughout the country. The Swedish Export Credit Corporation’s credit framework will be increased from SEK 125 billion ($12.4 billion) to SEK 200 billion ($19.8 billion) and can be used to provide both state-supported and commercial credit to Swedish export companies. The SEK 39 billion (nearly $4 billion) program for businesses to receive support based on a loss of turnover will make it possible for businesses to weather the acute crisis while making it easier for them to reorient and adapt their activities. To battle rising unemployment, the government is investing SEK 14 million ($1.4 million) in the Swedish University of Agricultural Sciences to create additional room for students. The Government is allocating SEK 5 billion ($509 million) to reduce fixed rents for vulnerable sectors, which includes restaurants.
Denmark: Denmark’s government announced around 100 billion Danish crowns ($14.6 billion) worth of measures to support businesses struggling during the coronavirus lockdown. The measures include direct economic aid to businesses, state-guaranteed loans and extended deadlines for tax payments, the government said. The extra liquidity comes on top of an already announced 287 billion crowns worth of measures for businesses, including direct aid packages that will cost the state more than 60 billion crowns.