This initial aid package, budgeted at €7 billion, is provided to let the Autonomous Communities channel assistance to self-employed workers and businesses in the most affected sectors (the CNAEs are determined in the decree itself in Annex I). It will be accessible to all those whose volume of transactions fell by more than 30% in 2020 vs 2019.
This €7 billion have two allocations: €5 billion to all the Autonomous Communities (except the Balearic Islands and the Canary Islands) and the autonomous cities of Ceuta and Melilla, and €2 billion to the Autonomous Communities of the Balearic Islands and the Canary Islands.
These grants will be targeted for obligations between 03/01/2020 and 05/31/2021 that were entered into prior to the publication of this RDL. This targeted criterion has a specific priority, first suppliers by age, and then financial debt, with priority given to debt that is backed by the state.
The RDL lays out a general framework that can be amended by the Autonomous Communities.
- For individual entrepreneurs with objective estimate ("modules"), €3,000.
- For individual business owners or companies with direct estimate, two subgroups are defined, with amount limits ranging from €4,000 to €200,000.
- Up to 10 employees, the aid will be 40% for anything over a 30% decrease.
- Over 10 employees, the aid will be 20% for anything over a 30% decrease.
A one-month period is in place for the Autonomous Communities to sign the corresponding agreements.