State Economic Programme 2021–2027 – Individual Business Investment Promotion (GRW)

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Who is funded

The State Economic Programme 2021–2027 in Schleswig-Holstein targets small and medium-sized enterprises (SMEs) in the commercial sector. It supports investment projects in designated C and D funding areas of the Joint Task "Improvement of Regional Economic Structure" (GRW), with a special focus on accommodation businesses in tourism.

What is funded

Individual business investments in the commercial sector in Schleswig-Holstein are funded, particularly the establishment, expansion, and modernization of business premises. The program places a special emphasis on the tourism industry. Certain investments and costs are explicitly excluded from funding.

Type and Scope of Funding

Funding is provided as a non-repayable grant. The amount of the grant and the funding rates vary depending on company size, funding area, and the type of investment project, with specific regulations for the tourism industry and defined minimum investment sums. The project duration is linked to the earmarking of the funding.

Conditions and Requirements

Specific conditions apply to the application and implementation of the funding regarding project start, own funds, job creation requirements, and compliance with EU state aid rules. In addition, certain budget limitations and other provisions must be observed.

Application Procedure

The application for funding must be submitted to Investitionsbank Schleswig-Holstein (IB.SH) before the start of the project. The selection of projects is made at the discretion of the authority based on specific criteria, especially if sufficient budget funds are not available.

Legal Basis

The funding program is established by a specific guideline of the State of Schleswig-Holstein and is subject to a number of legal bases and regulations at state, federal, and EU levels that govern its application and implementation.