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Coronavirus – Support for Berlin's Businesses

Last updated on 17 February, 15:00

The spread of the Coronavirus currently poses not only a risk to our health, but also a great challenge to many of Berlin's businesses. In the short term, support such as bridge loans, credit guarantees, or liquidity assistance, as well as measures such as 'short-time work' (a short-term reduction in working hours and salary), may be of help.

In order for you to find quick and competent information about the current support measures available to you, we have put together an overview to help answer your general questions.

Current Corona Regulation for Berlin at a glance

Support programs at a glance

"Temporary support" and "Re-Start assistance" by the Federal Government

The "temporary support II" of the Federal Government is aimed at solo self-employed persons, self-employed members of the liberal professions in their main occupation, small and medium-sized companies as well as non-profit companies and organizations. "Temporary support II" covers the funding months September to December 2020. Applications for the temporary support can be submitted only via tax consultants, lawyers and auditors. Applications can be submitted until 31 March 2021.

The application process for "temporary support III" has started. "Temporary support III" has been expanded from the current "temporary support II". The funding period covers November 2020 to June 2021. Further information here (in German).

The new "re-start assistance" is addressed to solo self-employed persons and self-employed members of the liberal professions in their main occupation without employees, who cannot claim fixed costs within the framework of the "temporary support III". Applications can only be submitted directly. The maximum amount of the "re-start assistance" is 7,500 euros. Further information in the FAQ (in German).

Further information is available on the websites of the Federal Government (in German).

On the website of the Berlin Chamber of Tax Consultants there is a list of law firms that support companies in applying for temporary support (in German).

"Extraordinary economic aid" for November and December by the Federal Government

The German government provides financial support for the companies, businesses, independent associations and institutions affected by the shutdowns in November and December. Further information about the extraordinary economic aid and the procedure of the payment on account here and in the FAQ (in German).

Applications for the November and December support can be submitted until 30 April 2021.

Kfw-Schnellkredit 2020 (Kfw Quick Loan 2020) and repayment subsidies (Soforthilfe V)

For purchases (investments) and running costs (working capital), self-employed persons and companies, regardless of the number of employees, can apply for the "KfW Quick Loan 2020" from their house bank. The conditions are that they have been on the market at least since 2019 and have made a profit in the sum of the years 2017 to 2019 or in 2019. Further information on the KfW website (in German).

Small and medium-sized Berlin companies with more than 10 and up to 100 employees can apply for repayment subsidies for the KfW Quick Loan 2020 or a loan from the KfW Special Program 2020. Information on the IBB website (in German).

Further support programs

  • Further support programs at a glance

    Corona aid for start-ups (venture and subordinated capital)

    The Corona aid is aimed at start-ups and small and medium-sized enterprises in Berlin. The funds of a maximum of EUR 800,000 per company or group of companies are granted by IBB Beteiligungsgesellschaft mbH or by private venture capitalists.

    Further information on corona aid for start-ups can be found on the IBB website (in German).

     

    Digital bonus Berlin (Digitalprämie Berlin)

    With the "Digitalprämie Berlin", the State of Berlin is supporting the digital transformation of solo self-employed persons as well as small and medium-sized companies with a grant of up to 17,000 euros.

    Applications for the "Digitalprämie Berlin" can be submitted on the IBB website (in German).

     

    "Restart culture" (Neustart Kultur)

    "Neustart Kultur" is a comprehensive aid program of the Federal Government for the culture and media sector. The support focuses on cultural institutions that are particularly privately financed.

    Further information is available here (in German).

Further general information can be found here:

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