Measured effectiveness of Corona support

Publication date: 13 December 2021 | Report language: NL

Quickly after the first Covid-19 cases emerged in Belgium, the federal and Flemish government introduced safety and support measures to better manage the impact in different areas. Now, one and a half year later, Flanders Innovation & Entrepreneurship (VLAIO), the agency responsible for providing the support to companies, requested an evaluation of the effected of the implemented support measures. The key question for VLAIO was: “What would have happened in case the Flemish government didn’t support companies during the crisis?”

Technopolis Group performed the evaluation of the support for companies in Flanders during 2020 in collaboration with academic experts from the universities of KU Leuven and the Université libre de Bruxelles. Using both qualitative and quantitative (econometric) methods, the effectiveness of the support measures was analysed at the macro, meso and micro level in terms of the overall Flemish economy, the sectors and types of companies as well as individual companies through impact cases. 

The main findings include:

The study included a comparative analysis with support measures in other regions (Germany, Netherlands & Wallonia), which showed many similarities with the Flemish situation. Evaluative analysis in these and other countries could provide interesting additional insights in understanding the effects of support policies for companies during the COVID-19 crisis. With this knowledge in the future increasingly efficient and effective support measures can be designed.