Tsuruga City to Provide ¥400,000 Grant to Support SMEs Affected by COVID-19

Tsuruga City to Provide ¥400,000 Grant to Support SMEs Affected by COVID-19

Tsuruga City will be providing a grant of up to ¥400,000 to business owners who have experienced a decrease in sales, as an effect from the novel coronavirus (COVID-19).

The grant is to provide financial support for small to medium-sized enterprises (SMEs) and individual owner-managers within Tsuruga City to maintain their businesses. The requirement for the grant is for the business to experience a decrease of at least 20% in sales during a three-month period within January to June of 2020, in relation to the sales number of 2019 of the same period; SMEs can receive a grant of ¥400,000, while individual owner-managers can receive ¥200,000.

The funds will come from Tsuruga City’s financial adjustment reserve, taking ¥1 billion from the city’s accumulated ¥3.2 billion. Applications will be accepted in May, after the long holiday, and the grant is expected to begin paying out during the same month, at the earliest.

Source: https://www.fukui-tv.co.jp/?post_type=fukui_news&p=128596&page=1

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