Lyon authorities release 10 million euros to aid looted shops
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The Métropole de Lyon and the City of Lyon have launched emergency measures to help local businesses following looting and damage to over 200 shops.
The Métropole de Lyon approved a 10 million euro emergency plan to assist merchants. This fund includes 3 million euros for immediate repairs to storefronts, doors, and interior equipment. Each business can receive up to 33,000 euros for these repairs, with the Métropole de Lyon providing 30,000 euros and the CCI providing 3,000 euros.
The plan also includes 6 million euros in interest free advances to help businesses restock and resume operations. These advances can reach 100,000 euros per establishment and allow for a 12 month repayment delay. Additionally, the City of Lyon extended the season for outdoor cafe terraces until the end of November.
