That the event was recognised as having a harmful economic activity on certain businesses during a given period;
that the company experienced temporary financial difficulties;
that there is a causal link between those difficulties and the event in question.
Among the examples of events the aid would cover the government cited acts of terrorism, eruptions of a volcano or epidemics such as coronavirus.
The government recognised that SMEs experience more liquidity difficulties than large companies as a result of events which could cause supply disruptions or large numbers of cancellations of bookings. Eligible costs under the new aid scheme are limited to the loss of income incurred. The aid takes the form of a recoverable advance.
The new law compliments existing measures for unforeseen events, which previously offered cover for short-time work aimed at maintaining employment and avoiding redundancies.