Lower Saxony & Bremen: More time for companies to repay corona aid

Lower Saxony & Bremen
More time for companies to repay Corona aid

Hanover (dpa / lni) – Companies that still have to repay emergency corona aid are given more time than originally planned. Lower Saxony’s state government has decided to postpone the deadline from the end of October 2022 to the end of June 2023. “We don’t want to additionally burden the liquidity of the companies with the repayments in these difficult times,” said Economics Minister Bernd Althusmann (CDU) with a view to the Ukraine war, disrupted supply chains, increased energy costs and the shortage of skilled workers.

According to the ministry, emergency corona aid of more than 900 million euros from federal and state funds was paid to more than 139,000 companies in Lower Saxony. According to the development bank NBank, around 180 million euros have already been repaid, based on a voluntary self-assessment by the companies.