The official call for COVID II has just been published. Therefore, we immediately give you a brief information about the most important changes compared to the expected form of the program, which we have communicated to you so far.
First of all, funds from the program can only be used for the operating costs of business units located outside the capital city of Prague! The reason for this is that the COVID II program receives funding from an already functioning European Operational Program.
The terms published now do NOT (for the time being) require as a condition for aid that the business suffered detriment directly in connection with the emergency measures against the spread of COVID-19 disease. It merely refers to bridging the economic crisis caused by the spread of COVID-19 disease. However, it cannot be ruled out that the terms will be updated in the coming days.
While the loan itself shall be applied for at a commercial bank, a separate application for the guarantee, including the interest contribution, has to be addressed to the Czech-Moravian Guarantee and Development Bank (ČMZRB).
We are preparing more detailed information for you.