New details on the application procedure for November Aid
© BullRun / Adobe Stock
Share >

New details on the application procedure for November Aid

The November Aid was announced as exceptional economic aid, and the first key points on the conditions and amount of aid have already been published. Now the Federal Ministry of Economics and Energy (BMWi) and the Federal Ministry of Finance (BMF) have published details of the procedure and the starting date in a joint press release. Here you will find the most important findings and new details on the application procedure for November Aid.

The procedure for the advance payment of the November Aid has finally been completed. Right from the start, the money should reach the companies quickly and unbureaucratically. As so often happens, things turn out differently than planned. At least the politicians have managed to agree on advance payments, which are to be made at the end of November. Thus, November Aid lives up to its public name, at least in part. These are the details:

When will you be able to submit applications for November Aid?

The application is expected to start in the last week of November 2020. The expected date is November 25, 2020.

Who can receive advance payments from the November Aid?

Solo self-employed persons receive an advance payment of up to 5,000 euros; other companies receive up to 10,000 euros. This also makes it clear that the advance payments will probably only be a fraction of the actual November Aid.

When will the advance payments from the November Aid be paid?

The first advance payments will be made from the end of November 2020. It is still not clear when the regular, i.e. full payments, will be made. Apparently, the regular payment procedure is currently being prepared so that it can be started immediately after the advance payments. It has to be awaited when exactly that will be.

How to apply for November Aid?

Applications are submitted fully electronically via the Bridging Aid platform. We are still accredited there and can submit applications.

New details on the application procedure for November Aid and our assessment of it

We welcome the fact that the November Aid will actually start in November. It is regrettable that the ministries did not get the starting signal earlier. Apparently, there is still a need for clarification in coordination with the federal states. Some federal states have publicly called for readjustments. We will have to wait and see whether November Aid will work in practice as simply and unbureaucratically as politicians have announced. Our experience with emergency aid and the phases of Bridging Aid leave us in doubt. After all, the details are often complicated. Many of them will probably only be clarified and defined afterwards. The hope remains that politicians will be able to make reliefs afterwards. We will see.

Gastronomy will receive special support in the November Aid. It remains to be seen whether other sectors will perhaps be added in the future. It would be desirable, of course.

We’ll keep you up to date and you will find all the information you need on our blog. Do you have any questions? Please get in touch with us.

We will submit your applications for you as soon as it starts. We are accredited on the platform of the authorities. Our support is not only given to our clients, we are also available to all affected entrepreneurs in advice and assistance.

  • Do you need help?
  • Would you like to have your requirements checked?
  • Would you like us to make an application for you?

We are at your disposal for this.

Keinen Blogbeitrag mehr verpassen - hier registrieren...

Lars Rinkewitz
Lars Rinkewitz
Tel.: +49 211-90 86 70
Steuerberater
Beraterseite