By Damon Mitchell • 03 June 2020 • 13:56
THE French wine sector is set to benefit from new measures announced by the government along with social security exemptions for small businesses and €140 million towards crisis distillation.
Vineyards, wineries, and merchants are among those who can apply for a state-guaranteed loan and deferral of tax payments. These measures offer another €30m for the country’s famous wine industry, which includes €15m towards the launch of a private storage scheme for surplus wine as an alternative to distillation.
French wine producers, had previously criticised the lack of an alternative to distillation which is not a solution to the structural problem, but could be used to dispose of unsold wine that is not specifically intended for ageing.
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