For enterprises in the Flemish region dealing with rising energy prices and experiencing trouble with employment, production and purchasing power, a support package has been created by the Flemish government. On the one side, compensating increased energy costs and extending available loans, on the other side, the launch of an impulse programme to accelerate the energy transition.
1.- Energy cost support package
What is it?
Extra support for energy costs given to enterprises in the Flemish region.
Who is eligible?
All types of Flemish enterprises under strict conditions:
To avoid healthy companies deciding to shut down their operations too soon, companies are not allowed to pay dividends to shareholders in the year they receive aid.
How much funding is available?
The Flemish Government is releasing 250 million euro for the support for two quarters.
Companies that had at least 7,500 euro in energy expenditure in 2021 are eligible for:
More energy-intensive companies are eligible for:
Companies in sensitive sectors are eligible for:
Extra: Extension of bridging loan
The bridging loan made available by VLAIO since February 2022 for Flemish SMEs facing liquidity needs as a result of the Ukraine crisis, is being extended and its amount increased.
The loan has a 1.5% interest rate and allows the following:
Loans up to 50,000 euro have a term of 24 months and amounts above a term of 36 months. No repayments have to be made during the first 12 months.
A new, extended variant of the bridging loan is being developed:
2.- Energy transition impulse programme
The Flemish government is focusing on new technologies that increase energy efficiency and the share of renewable energy (waste heat recovery, heat pumps, electric boilers, solar energy, biomass, geothermal energy, …). The goal is to reduce companies’ energy costs over time and reduce dependence on expensive fossil fuels.
The impulse programme has a fund of almost 100 million euro to accelerate the transition to renewable energy among Flemish companies in 2022 and 2023. How?
Now, these support measures and the impulse programme are still being concretised and it is not yet possible to apply for them.
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