Aquaculture and Fisheries – Growth Closed
The "Aquaculture and Fisheries – Growth" loan from Landwirtschaftliche Rentenbank supports companies in the sector in financing investments to increase their competitiveness. It is a loan that can cover up to 100 percent of eligible costs and offers specific advantages for young entrepreneurs.
Who is funded: Target Groups and Geographical Reach
The program targets small and medium-sized enterprises (SMEs) in aquaculture and fisheries, as well as the processing and marketing of fishery products, throughout Germany. It also supports young entrepreneurs with additional benefits, who operate as sole proprietors or in partnerships.
What is funded: Projects and Investment Areas
Investments in tangible assets for the production, processing, and marketing of fishery products, such as land, buildings, plants, and machinery, are funded. Excluded, among other things, are investments to increase fishing capacity and the acquisition of fishing vessels.
Type and Scope of Funding
This is a loan from Landwirtschaftliche Rentenbank, covering up to 100% of eligible costs. The maximum loan amount is 10 million Euros per company annually. Conditions are creditworthiness-dependent.
Conditions and Requirements
Applications must be submitted through the house bank before the start of the project. Compliance with the De minimis aid regulation and subsidy law must be observed. Companies in difficulty are excluded from funding. The program was limited until June 30, 2024.
Application Process
The loan application must be submitted to Landwirtschaftliche Rentenbank via the house bank before the start of the project, including an aid declaration. The allocation is made indirectly through the house banks.
Legal Basis
The funding program is based on the program conditions "AQUACULTURE AND FISHERIES – Growth (No. 288/289 with interest bonus)" from July 1, 2023, and takes into account the EU De minimis Regulation for the fisheries and aquaculture sector. Official texts are available on the Rentenbank website.
Funding Overview
Maximum Amount:
€10,000,000
Open Until:
30.06.2024
Award Channel:
Demand Driven Scheme
Region:
Germany
Sectors:
Agriculture and Agribusiness, Food Processing
Beneficiaries:
Aquaculture, Fisheries, Processing and Marketing of Fishery Products
Funding Stages:
Implementation, Infrastructure
Funding Provider
Program Level: National
Funding Body: Landwirtschaftliche Rentenbank (LR)
Managed By: Landwirtschaftliche Rentenbank (LR)
Website: Landwirtschaftliche Rentenbank (LR)