Minister for the economy Franz Fayot (LSAP) says a new bill providing aid for business is crucial to help boost the economy. “The current crisis has worsened the business climate and can lead companies to postpone, or even question, certain investment projects. To encourage businesses to make medium- and long-term investments in these challenging times, we are launching this financial assistance program as part of a sustainable economic recovery policy.”
The new bill allows companies to claim aid amounting to up to 30% of the cost of the project (depending on the size of the undertaking), with an increase of 20% for projects that are defined as being part of the circular economy. Investment aid for process and organisational innovation projects can reach up to 50% of the cost of the project, while a similar share is available for energy efficiency projects.
The ministry of the economy and Luxinnovation, in collaboration with the Chamber of Commerce, the Chamber of Trades and Fedil, is also hosting webinars in three languages:
This article was originally published in French by Paperjam and has been translated by Delano