stock allowance up to 21 percent

The cabinet will provide more financial aid to companies in need of the corona crisis: an amount of at least 4.5 billion euros will be earmarked, Rtl News reports based on anonymous sources. Extra measures have been taken for the new support package to help as many entrepreneurs as possible.

Allowance for fixed costs will increase, support also for starters

Among other things, the allowance for fixed costs (TVL) will increase considerably: in the event of a 100 percent loss of turnover, entrepreneurs will receive at least 80 percent of the fixed costs. That is now 70 percent. The compensation for companies that are left with unused stocks will also be increased. This is good news for retailers who, for example, have hard-to-sell winter collections due to the extension of the lockdown. The cabinet will allocate 160 million euros for this.

A new part of the support package is that recently started entrepreneurs can also benefit from the new measures. New starters were previously left out, because a lot of support was based on performance before the corona crisis.

Inretail satisfied with additional support measures

Inretail is satisfied with the additional support measures taken by the cabinet, the organization reports in a press release. What remains now are banks that take their responsibility and ‘contribute ideas about acute challenges that the cabinet and the sector cannot solve on their own,’ according to the press release.

“The cabinet recognizes the plight of stores with unsold stocks by offering a 21 percent stock fee. That fits much better than the catering allowance of 2.8 percent that was first proposed. INretail has worked hard for this together with MKB Nederland, ”said an Inretail spokesperson in the press release.

“It’s now up to banks”

What, according to the trade association, still remains a ‘gigantic’ problem is the liquidity and financing position of stores that are dealing with a new sales season. “The risk of a tsunami of bankruptcies and layoffs, especially in fashion shoes and sports shops, remains high,” according to the press release. That is why it is now up to the banks, says Inretail: “Banks must want to be part of the solution that must be found in terms of liquidity and financing positions of companies. Rules that are too strict and keeping a close eye on things means that entrepreneurs will run into walls. And often these are shop owners who have been doing business with the same bank for generations. Banks must now also show that they are there for their customers in difficult times. ”

Beeld: Aygin Kolaei for FashionUnited

Source: by

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