On Thursday morning the Minister of the Economy presented a new programme to help businesses back on their feet following the coronavirus crisis.

The "Fit 4 Resilience" programme, conducted by the Ministry of the Economy in conjunction with Luxinnovation, will complement the existing support programmes designed to help businesses struggling in the wake of coronavirus. Details were given to the media at a press conference on Thursday morning (live ticker translations here).

Interested parties can apply here up until 31 December to receive assistance from a consultant in analysing the impact of the health crisis on the business. The government will cover 50% of the costs of the service.

The goal is to help Luxembourg companies make strategic decisions for the future and to better prepare for potential crisis circumstances.

Luxinnovation CEO Sasha Baillie described potential projects for the production of surgical masks within the Grand Duchy, involving a collaboration between Dupont, Airtech and Glanzstoff, for example.

During the press conference, Fayot invited Gérard Zoller, CEO of Peintures Robin SA, to speak on the company's experience as a pilot project for the programme. Zoller explained that alongside adopting new policies on working remotely, the business would also be exploring more eco-friendly options as they move away from fossil fuels.

Overall the "Fit 4 Resilience" programme will follow similar government initiatives in an attempt to help Luxembourg's businesses adapt to suit modern requirements, with a focus on digitisation and sustainability.