NRW.BANK Special Fund
The NRW.BANK Special Fund is a targeted funding program by NRW.BANK that supports medium-sized companies in North Rhine-Westphalia during critical financial situations. It offers equity financing for turnaround, post-insolvency, and restructuring phases. The program is characterized by its focus on temporary and externally induced difficulties and requires co-investment with a private investor.
Who is funded: Target Group and Regional Focus of the NRW.BANK Special Fund
The NRW.BANK Special Fund targets medium-sized companies with a connection to North Rhine-Westphalia that are facing particular financial challenges such as turnaround, post-insolvency, or restructuring. The funding aims to support these companies during these critical phases by providing a stable equity base, thus ensuring their long-term viability. A fundamental prerequisite is the inherent viability of the business model and the temporary and externally induced nature of the difficulties.
What is funded: Funding Priorities and Project Phases
The NRW.BANK Special Fund focuses on providing equity in critical company phases such as turnaround and restructuring. Funding is provided in the form of open participations and can also include mezzanine financing. Companies from the production and service sectors that are undergoing a phase of process optimization or reorientation to secure their long-term economic stability are supported.
Type and Scope of Funding: Financial Details and Durations
The NRW.BANK Special Fund offers financial support in the form of open participation, and in exceptional cases, as mezzanine financing. Funding is provided as a co-investment together with private investors. The maximum amount of participation by the fund is 5 million Euros and constitutes a maximum of 49 percent of the required capital. The targeted holding period for the participation is usually 3 to 5 years.
Conditions and Requirements for Funding
To be considered for the NRW.BANK Special Fund, medium-sized companies must meet certain requirements. The business model must be fundamentally viable, and financial difficulties should primarily be externally caused and temporary. Additionally, a co-investment with a private investor with restructuring expertise is required, with the fund providing up to 49 percent of the necessary capital.
Application Procedure for the NRW.BANK Special Fund
The application procedure for the NRW.BANK Special Fund is direct and straightforward. Funding inquiries should be directed immediately to NRW.BANK. This allows for direct dialogue and efficient processing of the specific financing needs of companies in special situations.
Legal Basis and Information
The information on the NRW.BANK Special Fund is based on official data from NRW.BANK. This ensures the legitimacy and transparency of the funding program. A primary authorization or founding document is not explicitly mentioned in the present text, but NRW.BANK, as the development bank of the state of North Rhine-Westphalia, is the authoritative body.
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Funding Overview
Funding Status:
Open
Maximum Amount:
€5,000,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Demand Driven Scheme
Region:
North Rhine-Westphalia (Germany)
Sectors:
Other, Service Sector
Beneficiaries:
Companies in restructuring, turnaround, or post-insolvency
Application Type:
Consortium Required
Funding Stages:
Other