With the ongoing COVID-19 pandemic, many industries, especially in hospitality and tourism, have been severely affected by the restrictions. In order to support these industries, the Austrian government has introduced the “Fixed Cost Grant 800.000” introduced. But what is the “fixed cost subsidy 800.000” and how will it help businesses in Austria?
The “Fixkostenzuschuss 800.000” is a one-time support that companies can receive to cover their fixed costs during the pandemic. This support is intended for companies that can no longer cover their fixed costs from their own resources and have a drop in sales of at least 30%. The “Fixkostenzuschuss 800.000” can be used by SMEs, sole proprietorships and also by certain associations and foundations.
In this article, we would like to take a closer look at the “Fixkostenzuschuss 800.000” at. We will take a closer look at who is eligible, the conditions attached to it, and how it can be applied for. We will also discuss whether the “Fixed Costs Grant 800.000” Is a bailout or whether it requires further action in Austria to overcome the long-term economic impact of COVID-19.
What is the fixed cost grant?
In view of the economic difficulties caused by the COVID-19 pandemic, the Austrian government has introduced a new “Fixkostenzuschuss 800″ program.000” introduced. This grant is intended to help businesses cover their fixed costs while they are unable to earn income due to business interruptions or sales declines.