Solidarity Fund: new eligibility criteria

In order to help the companies to face the Covid-19 health crisis, the Government has set up a solidarity fund mainly intended to pay a premium of €1,500 to small businesses. Additional aid of €2,000 may also be paid out.

As a reminder, this fund is intended for retailers, craftsmen, the liberal professions and other economic agents, whatever their status (company, individual entrepreneur, association, etc.) and their tax and social security regime (including micro-entrepreneurs), who are French tax residents, with a workforce of less than or equal to 10 employees and a turnover for the last financial year of less than €1,000,000.

Find all the eligibility criteria in our article of 16/04 "New details on the Solidarity Fund".

NEW CRITERIA: as of April 2020, the taxable profit must not exceed 60,000 euros for companies in their own name (120,000 euros if the spouse of the head of the company is involved in the company's activity under the status of collaborating spouse). For companies, the maximum taxable profit is 60,000 euros per partner and collaborating spouse.

Their activity must have started before the 1st of February 2020 and the company must not be in legal liquidation on the 1st of March 2020.

On the other hand, those with a full-time employment contract or a retirement pension on the 1st of March 2020 and those who received more than €800 in social security daily allowances in March or April 2020 are not eligible. This is also the case for the companies whose senior manager meets the same criteria. Similarly, companies controlled by a commercial company within the scope of Article L. 233-3 of the French Commercial Code are not eligible. On the other hand, a commercial company controlling other companies may benefit from the fund, if the entire group meets the conditions of number of employees, turnover and taxable profit eligible.

Downlaod the FAQ-Solidarity Fund

“Our experts are constantly monitoring regulatory changes providing support to businesses. Our articles are updated by midday on the basis of press releases and the publication of decrees by official bodies, which are deciphered by our experts. There may sometimes be a couple of hours delay between the official texts and our publication, the purpose of which is to provide you with preliminary answers to your questions."