The SURE instrument should be extended!

 

While fully supporting the implementation and use of the SURE instrument – a temporary support scheme to mitigate unemployment risks in an emergency (SURE) with the potential to provide financial assistance up to €100 billion in the form of loans from the EU – we believe that more can still be done.

HOTREC has been informed that there are only €9 billion left in the SURE instrument and that some Member States already reached the maximum of financial support they could request.

Taking into account the unprecedented crisis the hospitality sector is facing, HOTREC calls on the European Commission to increase the financing amount under the umbrella of SURE. We understand that the scheme can be deployed until 2022 and that its application can be extended by then. Given the precarious situation of thousands of companies across Europe, liquidity is key for businesses to survive and for workers to keep their jobs.

We also call on Member States to include under the umbrella of the REACT EU mechanism, the possibility of deploying short term employment schemes.

At the same time, the implementation of short-term employment schemes at national level is also very welcome (e.g. Finland, the Netherlands or Spain). These types of schemes protect jobs, help companies survive and keep competitiveness. All in all, they are a plus to help the sector recover from the COVID-19 crisis.

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29 Sep
29/09/2022    
All Day
On the 3rd edition of the International Day of Awareness of Food Loss and Waste (IDAFLW), celebrated on 29 September, the FAO and UNAP have [...]
Meeting Czech Presidency - Energy Performance of buildings
03/10/2022    
11:00 - 11:30
Outcome of the meeting available
05 Oct
05/10/2022    
16:30 - 17:30
Hotel At Six, Stockholm, Sweden   -     Meeting Room : Studio 8 Draft Agenda for ExCom Meeting on 5 October 2022, Stockholm, Sweden Welcome by [...]
06 Oct
06/10/2022 - 07/10/2022    
All Day
On 6-7 October 2022, HOTREC will organise its 85th General Assembly in Stockholm, Sweden.
17 Oct
17/10/2022    
10:00 - 12:00
On 17 October 2022, HOTREC will organise its Working Group on Short-Term Rentals (STR).
27 Oct
27/10/2022    
10:00 - 12:00
On 27 October 2022, HOTREC will organise a meeting of its Sustainability working group.
Events on 05/10/2022
Events on 06/10/2022
Events on 17/10/2022
Events on 27/10/2022