There are many initiatives to help companies during the corona crisis, both at national and local level. To help you navigate the support available, we have listed some of the most important measures for you as an employer or entrepreneur. We will keep updating the list as new measures are proposed.
Government guarantee program for companies - Loan guarantees for small and medium-sized companies
Under the terms of the scheme the state will guarantee 70 percent of new loans issued by banks to companies affected by the coronavirus crisis. Please note that companies of all sizes are eligible to participate in the program. Read more.
Almi’s bridge loans
Small and medium-sized companies in Sweden that are in need of financing as a result of Covid-19 can apply for Almi’s bridge loan. The loan offers conditions that are specially adapted to the Covid-19 situation. The loan is always combined with advisory services where you can discuss and simulate the effects the crisis is having on your cash flow, income statement and balance sheet. The bridge loan has been made possible by the government’s SEK 3 billion capital injection to Almi’s loan fund. Read more.
Almi’s business hotline (Företagsjouren)
Almi has launched a telephone hotline offering free advice to small and medium-sized enterprises in the Stockholm region.
Phone: 08-520 277 90
Open weekdays: 09:00-12:00, 13:00-16:00
Read more (in Swedish)
Temporary deferment of tax payments
Companies that are financially affected by the Covid-19 crisis can apply for a temporary deferral of payment for employer contributions, deducted tax and VAT. Payment can be postponed for one year from the date of the decision. The deferral applies for up to three accounting periods between January and September 2020. Read more.
This proposal allows employers to halve their wage costs, with the state covering a larger share of the cost. Employees will be able to receive more than 90 per cent of their salary. Read more.
Central government to assume sick pay responsibility for two months
Self-employed persons will also be compensated in that they can receive standardised sick pay. Read more.
Sickness benefit qualifying day temporarily discontinued
Employees can apply for central government reimbursement for the first day of sickness. The application is made retroactively to the Swedish Social Insurance Agency. The employer deducts the qualifying day as normal. Self-employed persons will also receive compensation for a qualifying day. Read more.
Medical certificate requirement during sick pay period to be suspended
The government is proposing to temporarily suspend the medical certificate requirement from the eighth calendar day of a sick pay period. Read more.
Riksbank lends up to SEK 500 billion
This effort is to ensure credit supply and avoid the closure of robust companies. Read more.
Support from the City of Stockholm
In addition to the actions taken at national level, the City of Stockholm has introduced 10 support measures for business owners. Among the initiatives are deferment of various rents, charges, and fees, a number of relief measures for restaurants and bars, as well as support to make it easier to apply for building permits. Read more.
Summary of useful links:
Verksamt.se provides important information for you as a business owner.
The Swedish Government’s work in response to the virus responsible for Covid-19.
Krisinformation.se Emergency information from Swedish authorities.
Start.stockholm/företag-organisationer The City of Stockholm's information for business owners. (Scroll down for measures in English)
Finally, we would like you to tell us what you need to know in these turbulent times. Invest Stockholm is working closely with several actors at the local, regional and national levels to ensure the continuation of business operations in the Stockholm region. A key part of this collaboration involves gathering information that companies can use in their decision-making processes when seeking to prevent cutbacks or a relocation abroad.
Our services are free of charge and our focus is to ensure the best possible conditions for companies to keep their business in the Stockholm region.
Let us know how we can help!