To help the tourism sector hard-hit by the health crisis, the government has planned a large “Marshall plan” of recovery as it unveiled this Thursday.

The government unveiled Thursday its plan to rescue the tourism industry, hit hard by two months of confinement. Edouard Philippe has announced a battery of decisions to help this pan crucial to the French economy at the approach of summer, which “is facing the worst test of its modern history, so that it is a jewel of the French economy”. A plan is “unprecedented”, according to the Prime minister, at the height of “18 billion” of commitments.

This plan will be implemented by Bpifrance, a subsidiary of the Fund dedicated to businesses. The tourism sector represents 7.2% of GDP (eur 168 billion euros in 2017) and employs about 2 million people.

The solidarity fund open until the end of 2020

The solidarity fund will remain open to the sectors hotels, catering, tourism, and will be extended until the end of 2020. The help that will be paid can go up to 10 000 euros. “The lending facilities will be strengthened”, said Edouard Philippe, with a ceiling that will be able to achieve the turnover of the best three months of the previous year. Access to partial unemployment, will also be extended at least until the month of September, said the Prime minister.

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The banks will also agree to the postponement of the payments of the companies on 12 months and not six as up to the present. The employee and employer contributions will be exempt as long as the closure of their schools will last. Finally, the government agrees to grant a credit of 20% on the contributions payable from the beginning of the year, before the crisis of the sars coronavirus.

A stimulus package of 1.3 billion euros

Edouard Philippe has also announced a recovery plan for the after-crisis to the tune of 1.3 billion euros, which will be funded by the Caisse des dépôts and BPI France. A sum that will be supplemented by private sector investments to reach a total of 7 billion euros.

The ceiling of the restaurant tickets doubled

“We’re going to double the ceiling of the restaurant tickets and ensure that they are working for the weekend”, has also detailed Edouard Philippe. This ceiling will be raised from 19 to 38 euros, said the Prime minister.

The reopening of cafés and restaurants considered at the 2 June in the departments green

For cafes and restaurants, the re-opening date will be set for the week of 25 may. A re-opening of cafes and restaurants “may be considered” as of the 2nd of June in the departments classified as green, has announced Edouard Philippe.

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The possibility to book the summer holiday in metropolitan france and overseas

“The French will be able to go on holiday in France and overseas in the month of July and the month of August”, confirmed this on Thursday, Edouard Philippe, subject, however, “possible restrictions very localized” in terms of the evolution of the epidemic of coronavirus.

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“Covid-19”, the new coronavirus

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“The French can take their reservations”, has even encouraged the Prime minister, stressing that “the actors of the tourism, hospitality, and are committed to ensure that they are fully reimbursed in the case that the evolution of the epidemic would not make possible the holiday start”.