Update on Corona Bridging Loan

On Oct. 27, 2020, the Cabinet presented additions to the support and recovery package.

About the COL, the following was communicated in the Chamber letter: 'Two rounds of Corona-Override loans have been made through the ROMs. €300 million was previously made available for this purpose. At the close of the original term, € 50 million remains unused and it was decided to extend the COL in order to keep liquidity available for start-ups, scale-ups and non-bank financiers'.

See House letter.

The ROMs are currently in discussions with the Ministry of Economic Affairs about the conditions. As soon as more is known about this we will share.