01 April 2020 – Paid landlords to reduce rent for vulnerable businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Industry interventions
Sectors Involved: Business support
Level of Jurisdiction: National
Lead People/Agency:

Overview: The Swedish Government established a programme to encourage rent reductions by landlords to businesses in vulnerable sectors such as restaurants, hotels, shops, dentists and hairdressers.

The government will pay landlords up to 50 percent of rent reductions (up to a maximum of 25 percent of the original rent) given to tenants from the period 1 April to 30 June 2020.

The landlord needs to apply to the relevant agency to receive the funding after the 1 July 2020.

The intent of the policy is to encourage negotiations between landlords and vulnerable business tenants to temporarily lower rents, keeping businesses afloat and avoiding evictions.
Full details here: https://www.government.se/articles/2020/03/temporary-discount-for-fixed-rental-costs-in-vulnerable-sectors/