Guarantees for Employee Participation
The State of Berlin supports employee participation in Berlin companies by providing guarantees. This program secures invested participation sums in case of insolvency, strengthening employees' identification with their company and encouraging their willingness to provide capital. It represents an important measure to strengthen the equity of Berlin companies.
Who is funded?
The funding program 'Guarantees for Employee Participation' in Berlin targets employees who wish to participate in their employer's company, as well as the participating Berlin companies themselves. The main goal is to strengthen employee identification with the company and to promote capital provision by employees, thereby strengthening the companies' equity.
What is funded?
The 'Guarantees for Employee Participation' program supports the financial participation of employees in Berlin companies by providing guarantees. It focuses on securing the invested participation sums and certain participation yields in the event of company insolvency. There are no specific sectoral restrictions, and the participation itself can also be pre-financed by a loan successively converted into participation.
Type and Scope of Funding
This program offers financial support in the form of guarantees provided by the State of Berlin for employee participations in Berlin companies. The guarantee covers up to 80 percent of the invested participation sum and is limited to a maximum of 1 million euros per company. The guarantee period is a maximum of ten years.
Conditions and Requirements
The provision of guarantees for employee participations in Berlin is subject to specific legal and organizational conditions. This includes requirements for eligibility, the structure of the participation, and compliance with EU state aid rules (De minimis). Contractual settlement of the participation and adequate equity formation of the company are also prerequisites.
Application Procedure
The application for a guarantee for employee participation must be submitted jointly by the participant (company) and the capital provider (employee, represented by a trustee) to BBB Bürgschaftsbank zu Berlin-Brandenburg GmbH. A guarantee committee makes the final decision on approval.
Legal Basis
The 'Guidelines for the Provision of Guarantees for Employee Participations in the State of Berlin' form the legal basis of this funding program. They are based on the State Guarantee Act and integrate the EU-law De minimis regulations for state aid.
Similar Programs
No similar programs found.
Funding Overview
Funding Status:
Open
Maximum Amount:
€1,000,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
Berlin (Germany)
Sectors:
Other
Beneficiaries:
Companies
Application Type:
Consortium Required
Funding Stages:
Other
Funding Provider
Program Level:
Regional
Funding Body:
Senate Department for Finance
Managed By:
BBB Bürgschaftsbank zu Berlin-Brandenburg GmbH
Additional Partners:
Berlin Chamber of Commerce and Industry, Berlin Chamber of Crafts (as members of the Guarantee Committee)