Elisabeth Borne announces new aid for businesses and communities

Elisabeth Borne announced Thursday three new devices to contain energy prices for businesses and communities, for a total effort increased to “12 billion euros”, during a press conference in Matignon.

The first, called electricity shock absorber, will aim to cover part of the electricity bill for VSEs that do not benefit from the tariff shield, SMEs, associations, local authorities and public establishments.

The government will also simplify and expand the targeted aid, already in force for companies. With regard to local authorities, he will present an amendment to the finance bill providing for the extension and amplification of the safety net for the year 2023.

Above all, the government is seeking to obtain a structural reduction in energy prices on a European scale, but the Prime Minister specified that it was essential to give visibility to all the players. Our businesses and our communities could not wait, she added.

For several weeks, employers’ organizations have been calling for new aid in the face of skyrocketing energy bills and criteria that are too complex to obtain the aid that already exists.

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This new aid will not widen the deficit, according to Ms. Borne. Of the 12 billion euros announced, 7 billion in particular will come from revenues levied on energy companies as part of an exceptional tax.

Three billion also come from an envelope already provisioned for existing aid and which has been very little used. Finally, the remaining 1.5 billion euros have been budgeted for the safety net intended for local authorities.

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