Recovery Plan : The Mayor announced an aid of 3 billion euros for SMES - The Point

The plan to revive the French economy will include three billion euros to " support the financing of companies ", while small and medium-sized enterprises (SM

Recovery Plan : The Mayor announced an aid of 3 billion euros for SMES - The Point

The plan to revive the French economy will include three billion euros to " support the financing of companies ", while small and medium-sized enterprises (SMES) have severely suffered from the crisis, announced on Wednesday 12 August 2020 Bruno Le Maire in an interview with South West. "A lot of SMES were in good financial health before the crisis and have the resources to repay their loans. But for some, debt is a major topic that we want to take to arms to the body ", explains the minister of the Economy, which will meet on Thursday, customs officers at Hendaye, in the basque Country.

These companies, for equity funding, will benefit from various instruments : "either convertible bonds or syndicated loans," says Bruno Le Maire. "In the recovery plan, we will make three billion euros on supporting the financing of companies, to enable them to expand," he says.

Read also The budget 2021, the budget where everything is possible

A plan to 100 billion euros

This plan of 100 billion euros must be presented to the 25 August. The Prime minister, Jean Castex has already presented a few lines, with 30 billion arrow on the ecological transition, a portion of which intersects with 40 billion euros dedicated to the industry. This plan, which will be backed by the budget of the State for 2021, also includes a strand "skills" and a " solidarity ", to 20 billion each. Approximately 40 billion euros of the 100 billion is expected to come from 390 billion euros of subsidies of the european recovery plan.

Updated Date: 12 August 2020, 15:33

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