Agriculture and Food Industry – Growth and Competitiveness
The "Agriculture and Food Industry – Growth and Competitiveness" program by L-Bank offers interest-subsidized loans for investment projects in Baden-Württemberg. It aims to strengthen the productivity and competitiveness of companies in the agricultural and food industry, as well as adjacent sectors. The funding supports the construction, acquisition, and modernization of operational buildings, technical facilities, and machinery to enable sustainable growth.
Who is funded?
The "Agriculture and Food Industry – Growth and Competitiveness" program targets companies in the agriculture and food industry and related sectors in Baden-Württemberg. It supports both small and medium-sized enterprises (SMEs) and larger companies under certain state aid conditions. The aim is to increase or maintain the performance of businesses through investments.
What is funded?
The program specifically supports investments in tangible and intangible assets that contribute to strengthening the agriculture and food industry in Baden-Württemberg. This includes the construction, acquisition, and modernization of operational buildings and technical facilities, as well as the acquisition of land and machinery. Financial investments or the acquisition of operating resources are not funded.
Type and Scope of Funding
Funding is provided in the form of interest-subsidized loans, which can cover up to 100% of the eligible investment costs, up to an annual maximum of 10 million euros per company. The loans offer various maturities and grace periods, adapted to the individual needs of the companies. Interest rates are determined according to a risk-adjusted interest rate system.
Conditions and Requirements
To receive funding, companies must meet certain conditions related to both the application and project implementation. These include compliance with EU state aid law (GBER or De minimis Regulation), provision of customary banking collateral, and adherence to specific budgetary regulations. A key focus is on correct application submission before project commencement.
Application Process
The application for the loan program is submitted through the company's house bank. The house bank forwards the application to the L-Bank, which commits and disburses the loan to the house bank. The house bank, in turn, disburses the funds to the company. Timely application before project commencement is crucial.
Legal Basis
The funding program is based on a specific guideline from the L-Bank and Landwirtschaftliche Rentenbank and is subject to the provisions of EU state aid law, particularly the General Block Exemption Regulation (GBER) and the General De minimis Regulation. These regulations ensure the conformity of the funding with the internal market.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
10,000,000 EUR
Deadline:
always open
Open Until:
30.06.2027
Award Channel:
Demand Driven Scheme
Region:
Baden-Württemberg (Germany)
Sectors:
Agriculture and Agribusiness, Food Processing, Other
Beneficiaries:
Agriculture, Food, and Forestry
Application Type:
Single Applicant
Funding Stages:
Implementation, Infrastructure, Process Optimization, Product Development
Funding Provider
Program Level:
Regional
Funding Body:
Landeskreditbank Baden-Württemberg (L-Bank), Landwirtschaftliche Rentenbank
Managed By:
Landeskreditbank Baden-Württemberg (L-Bank)
Additional Partners:
Bürgschaftsbank