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As for the year 2020, the Flemish Government provides for a globalization mechanism for 2021 for businesses that have experienced a major decline in turnover. Businesses that had a certain decline in turnover in 2021 can receive financial aid of up to 10% of the turnover. The application can be submitted until 13 June 2022.
The business is a company, association or foundation incorporated under private law and the foreign enterprise with a similar status, which has filed the financial accounts for 2019 and 2020 and which will file the financial accounts in 2021 on time. The association and the foundation must carry out an economic activity.
The globalization mechanism 2021 provides support to businesses that:
The following businesses are excluded:
A special arrangement is worked out for (businesses with) business lines.
The aid amounts to 10% of the turnover excluding VAT for the period from 1 January up to and including 31 December 2019.
The turnover in the reference period to which the aid percentage is applied will be limited to 75% if the decline in turnover in calendar year 2021 is less than 70% and there are no three quarters in calendar year 2021 with a decline in turnover of at least 60%.
This aid is limited under certain circumstances. For more information, please refer to the Vlaio website.
The maximum amount of aid is determined in two ways:
1° based on the expanded employment in 2019 and the decline in turnover in 2021:
Expanded employment consists of:
Expanded employment
Decline in turnover of 40% to 49%
Decline in turnover of 50% to 59%
Decline in turnover of 60% to 69%
Decline in turnover of 70% to 79%
Decline in turnover of 80% to 89%
Decline in turnover of 90% and more
1 to 4 employees
€15,000
€25,000
€35,000
€50,000
€65,000
€100,000
5 to 19 employees
€75,000
€250,000
20 to 49 employees
€300,000
€500,000
50 to 199 employees
€350,000
€750,000
€1,000,000
€1,250,000
200 employees and more
€1,350,000
1,750,000
2,000,000
2° based on the minimum NSSO employment, the minimum turnover in 2019 and the decline in turnover in 2021:
The NSSO employment is the average of the quarterly averages in 2019 of the number of full-time equivalent employees registered with the NSSO.
Minimum NSSO employment
Minimum turnover
1 employee
€1,500,000
5 employees
€4,000,000
10 employees
€12,000,000
20 employees and more
€33,000,000
€1,750,000
€2,000,000
Please note: In addition, the aid under the Flemish Protection Mechanism 4 to 11 and the repayable advance event sector call 2021 are always deducted from the subsidy.
You can submit a subsidy application through 13 June 2022, 8 p.m.
The online application can be made from 16 May 2022 through 13 June 2022 via the online tool at www.vlaio.be/nl/subsidies-financiering/globalisatiemechanisme-2021/aanvraagprocedure.
A guide is available in the Application Process section of the website. The submission will require the completion of various data and the uploading of supporting documents.
The decision will be communicated to the business by email. The decision to pay the aid cannot be made until the financial accounts for the tax year 2021 have been filed and are available for audit by VLAIO.
Source:
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