The French Government Ordinance enacted on 26 March 2020 create a solidarity fund intended to provide financial aid to natural and private law legal persons having economic activity severely affected by the Covid19 crisis. The Solidarity Fund is created for a three-month period (renewable once for the same duration by decree) and will be funded by the State, and on voluntary basis, by regions and certain other territorial authorities.
Conditions of eligibility to the financial aids, their amount, together with the operation and management conditions of the Solidarity Fund will be further determined by a decree.
The French government has already announced that the financial aid will concern small enterprise generating a turnover less than EUR 1M (very small enterprises, freelance and micro-entrepreneurs, startups), provided they are undergoing administrative closure or have suffered a turnover drop in March 2020 of at least 70% compared to their turnover in March 2019. Such companies will be able to apply for the aid as from 31 March 2020.
This mechanism, essential to support the vitality of the supply chain, completes the general mechanism of state guarantee of 300 billion euros and adds to other schemes (such as partial unemployment benefits, payment moratorium for tax and social security charges or tax redemption) that apply to individual cases.
 Ordonnance n° 2020-317 du 25 mars 2020 portant création d’un fonds de solidarité à destination des entreprises particulièrement touchées par les conséquences économiques, financières et sociales de la propagation de l’épidémie de covid-19 et des mesures prises pour limiter cette propagation