Coronavirus: Flemish Protection Mechanism

Coronavirus: Flemish Protection Mechanism

Any entrepreneur who suffers a loss of turnover of at least 60% between 16 November and 31 December 2020 and who can demonstrate this loss by means of official documents as a result of the corona measures will be able to call on the new Flemish Protection Mechanism.
The aid:
The aid amounts to 10% of the turnover, excluding VAT, during the same period in 2019. Self-employed persons in a secondary occupation receive 5% aid.


What is the maximum aid ?
o € 11,250 for companies employing < 10 employees
o € 22,500 for companies employing 10 to 49 employees
o € 60,000 for companies employing 50 employees or more


The minimum aid amounts to € 1,000 for the reference period 16 November - 31 December 2020.

The subsidy application must be submitted by 15 February 2021 at the latest.

IMPORTANT:
In order to benefit from the support measures of the Flemish Government, it is essential that you are able to prove that you have suffered a loss of turnover as a result of the corona measures. If you cannot provide the requested information there is no chance that your request will be accepted.
The above elements must be demonstrated in detail. Moreover the loss of turnover is really due to the imposed corona measures.  All provided information must be correctly documented. An unjustified request will lead to a negative answer, moreover, all approved files can be checked afterwards for their veracity. If the requested support measures were unjustly, they will be recovered.
If you wish to call upon PANIS services please contact us at Mandy.Mattys@panisgroup.com