Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Australia 04 04 - Equity support AUD
Austria 04 04 - Equity support EUR
Belgium 04 04 - Equity support EUR 3,000,000 3,318,584 European Commission. (accessed 27 August 2020).

(i) 21 August 2020, European Commission approved the EUR3 million equity injection by the Government to SN Airholding and its sole subsidiary, Brussels Airlines in the context of the coronavirus outbreak.

Canada 04 04 - Equity support CAD 537,000,000 384,877,262 Department of Finance Canada. (accessed 10 June 2020).

(i) CAD287 million to support rural businesses and communities by providing them with much-needed access to capital through the Community Futures Network; (ii) CAD250 million to assist innovative, early-stage companies that are unable to access other COVID-19 business supports through the Industrial Research Assistance Program (IRAP).

Denmark 04 04 - Equity support DKK 18,777,889,398 2,780,044,946 IMF. (accessed 8 July 2020). European Commission. (accessed 22 July 2020)

(i) 18 April 2020, DKK3.5 billion in loans and equity provided to entrepreneurs and venture firms. The state investment fund (Vaekstfonden) will provide risky capital to start-ups and venture firm, facing difficulties in financing as private investors withdraw from the market. Available in 2020 only; (ii) 15 June 2020, DKK10 billion from a new government-backed fund to act as an investor of last resort with the possibility of recapitalizing large and important firms at risk of bankruptcy; (iii) Together with Sweden, planned recapitalization of SAS (a Dutch airline) through an equity injection. On 17 August 2020, the European Commission (EC) approved this measure. Denmark is expected to provide approximately EUR583 million of the recapitalization funds; (iv) 20 November 2020, EUR1.34 billion approved by the EC as capital support to large companies affected by coronavirus outbreak.

Finland 04 04 - Equity support EUR 710,500,000 785,951,327 MEE. (accessed 3 May 2020); (accessed 9 June 2020); European Sting. (accessed 15 June 2020); Ministry of Economic Affairs and Employment of Finland. (accessed 19 June 2020).

(i) 6 June 2020, Further capital funding of EUR250 million is proposed for Tesi (Finnish Industry Investment Ltd), to increase equity financing for companies ; (ii) 6 June 2020, Capital funding of EUR 150 million is proposed for strengthening the balance sheet of Finnish Minerals Group; (iii) 10 June 2020, The EU Commission approved Finland's plans to contribute to the recapitalisation of Finnair, amounting to EUR286 million through the subscription of new shares by the State in the rights issue launched by Finnair on 10 June 2020 in the context of the coronavirus outbreak; (iv) 15 June 2020, EUR24.5 million of investment support for NordFuel Oy's Haapevesi biorefinery project for large renewable energy demo projects.

France 04 04 - Equity support EUR 22,270,000,000 24,634,955,752 OECD. (update as of 14 May 2020); Economie. (accessed 4 July 2020).

(i) EUR20 billion for the temporary increase in state-ownership for some firms facing exceptional difficulties; (ii) 5 June 2020, EUR150 million worth of investment funds for companies developing sovereign technologies of the future whose risk associated with investment is high (quantum, health, cybersecurity, artificial intelligence, etc.) and of start-ups at any stage of development; (iii) EUR200 million equity support to SMEs in the aeronautics sector; (iv) EUR1.3 billion equity investments in the tourism industry; (v) EUR270 million to EUR620 million equity support under the Programme de soutien à l’innovation majeure PSIM (EUR120 million) & French Tech Souveraineté (EUR150 million, extendable up to a maximum of EUR500 million).

Germany 04 04 - Equity support EUR 121,750,000,000 134,679,203,540 Federal Ministry of Finance. (accessed 17 April 2020); Federal Ministry for Economic Affairs and Energy. (accessed 17 April 2020); Bruegel. (accessed 16 April 2020); Deutsche Welle. (accessed 17 April 2020); Finance Yahoo. (accessed 25 May 2020); Federal Ministry of Finance. (accessed 31 May 2020). European Commission. (accessed 17 December 2020). European Commission. (accessed 9 January 2021)

(i) 23 March 2020, EUR100 billion under the WSF to directly acquire equity of larger affected companies and strengthen their capital position. On 25 May 2020, Lufthansa got a EUR9 billion support, of which EUR6 billion will be equity; (ii) 1 April 2020, EUR2 billion to expand venture capital financing to start-ups, new technology companies, and small businesses during the coronavirus crisis; (iii) EUR10 billion fund by the state of Bavaria to buy stakes in struggling companies; (iv) 29 October 2020, A new stimulus package includes equity for public railways (EUR5 billion); (v) 1 December 2020, German “umbrella” scheme to enable capital support to enterprises affected by coronavirus outbreak has been approved by the EC. The support will take the form of (i) subordinated loans, and (ii) recapitalisation instruments, in particular equity instruments and hybrid capital instruments. Individual measures will be limited to EUR250 million per beneficiary and the total provisional budget of the scheme is around EUR3.5 billion. Support can be granted until 30 September 2021; (vi) 4 January 2021, EUR1.25 billion to recapitalize TUI AG (TUI), the parent company of the TUI Group, as part of a wider support package for the tourism sector.

Ireland 04 04 - Equity support EUR 2,012,000,000 2,225,663,717 DBEI. (accessed 9 May 2020); DBEI. (accessed 26 July 2020); IE. (accessed 15 December 2020).

(i) 2 May 2020, EUR2 billion Pandemic Stabilisation and Recovery Fund within the Ireland Strategic Investment Fund (ISIF), which will make capital available to medium and large enterprises on commercial terms; (ii) 7 July 2020, Enterprise Ireland EUR2 million Competitive Start Fund will open to applications for two competitions which will approve up to forty investments - the 'All Sectors' competition and a 'Women Entrepreneurs' Competition. Each of the two EUR1,000,000 funds being launched will provide up to EUR50,000 in equity funding to successful projects; (iii) EUR10 million in funding for the Seed and Venture Capital sector through Enterprise Ireland as a top-up to existing funds and leveraging a combined additional pool of investment of EUR55 million, as part of commitment to innovation driven enterprises.

Italy 04 04 - Equity support EUR 45,000,000,000 49,778,761,062 MEF. (accessed 21 July 2020).

(i) 15 May 2020, EUR45 billion in equity support for companies under the Relaunch Decree.

Japan 04 04 - Equity support JPY 12,180,000,000,000 113,521,070,501 IMF. (accessed 6 May 2020); OECD. (accessed 6 May 2020).

An increase in the annual pace of the Bank of Japan’s purchases of Exchange Traded Funds (ETFs) and Japan-Real Estate Investment Trusts (J-REITs) up to about JPY12 trillion (2.2% of GDP) and JPY180 billion (0.03% of GDP) in 2020, respectively.

Luxembourg 04 04 - Equity support EUR
Netherlands 04 04 - Equity support EUR
New Zealand 04 04 - Equity support NZD
Norway 04 04 - Equity support NOK
Portugal 04 04 - Equity support EUR 55,000,000 60,840,708 Government of Portugal. (accessed 04 July 2020)

2 July 2020, EUR55 million, government will buy shares of TAP (airline) reaching 72.5% in its capital.

Spain 04 04 - Equity support EUR 10,000,000,000 11,061,946,903 La Moncloa. (accessed 12 July 2020); Ministerio de Hacienda. (accessed 30 July 2020); European Commission. (accessed 8 August 2020).

3 July 2020, Creation of a Fund to Support the Solvency of Strategic Companies. This is a new instrument with a provision of EUR10 billion that seeks to provide temporary public support to enhance the solvency of non-financial companies affected by the COVID-19 pandemic, within the framework of the Agreement on Economic Reactivation and Employment. This Fund will be attached to the Ministry of the Treasury and will be managed by the State Company for Industrial Participations (SEPI). The Fund will be structured through different instruments, such as the concession of equity loans, the acquisition of subordinated debt and the subscription of shares and other capital instruments. The amount of the dividends, interest and capital gains from these investments will be paid in to the Public Treasury. 21 July 2020, The companies benefiting from the EUR10 billion solvency support may not distribute dividends and the members of the Board of Directors will be prohibited from collecting variable premiums or remuneration. 31 July 2020, The European Commission approves the EUR10 billion Solvency Support Fund to provide debt and capital support to companies affected by the coronavirus outbreak.

Sweden 04 04 - Equity support SEK 5,000,000,000 508,370,317 Ministry of Trade and Industry. (accessed 9 July 2020). European Commission. (accessed 22 August 2020).

30 June 2020, The Government will participate in the recapitalization of SAS AB with an amount of no more than SEK5 billion. The government supports the submitted plan for a recapitalization of the company and the measures necessary to implement the plan. On 17 August 2020, The measure to recaptalize SAS was approved by the European Commission.

Switzerland 04 04 - Equity support CHF/CHE/CHW
Turkey 04 04 - Equity support TRY 21,000,000,000 3,470,633,257 Bloomberg. (accessed 16 May)

10 May 2020, Turkey’s sovereign wealth fund injected TRY21 billion into three state lenders (TC Ziraat Bankasi AS, Turkiye Halk Bankasi AS and Turkiye Vakiflar Bankasi TAO) to strengthen their capital positions and minimize the impact of the coronavirus pandemic.

United Kingdom 04 04 - Equity support GBP 5,000,000 6,190,511 Department of Economy. (accessed 24 September 2020).

8 September 2020, GBP5 million Equity Investment Fund is targeted at early stage and seed stage small and medium-sized enterprises.

United States 04 04 - Equity support USD