According to a communiqué from the Luxembourg Chamber of Commerce, with funding of €89 million over the next five years, it represents an increase of 27% on the previous five years.

Concretely, the additional measure that have been introduced are:

• Aid for startups: applicable to privately-owned businesses that are less than five years old which have not taken over pre-existing business activity, have not yet distributed profits, and are not the result of a merger. These firms can receive subsides and loans with advantageous rates, guarantees and conditions.
• Natural disaster compensation: compensation for losses caused directly by earthquakes, subsidence, flooding, very high winds, and wildfires, if they have been recognised as a natural disaster by the government. Assistance can reach 100% in certain cases, following an evaluation by an independent expert. This aid cannot be cumulated with insurance payments.
• Risk financing aid: granted under certain conditions to financial intermediaries which offer guarantees (for example, the Chamber of Commerce’s Mutualité de Cautionnement body).

Another new aspect of the law is that a more diverse range of aid can be offered: capital subsides, repayable advances, interest subsidies, guarantees, loans, equity and quasi-equity contributions.