Proportional Coverage of Losses for the Salzburg Easter Festival GmbH

The proportional deficit coverage of Salzburger Osterfestspiele GmbH supports the cultural continuation of the renowned festival operations in Salzburg through direct financial security. Within the framework of this grant, the State of Salzburg covers one third of any remaining annual deficit, while the City of Salzburg and the Salzburg Tourism Promotion Fund each provide an additional third. The funding measure can be applied for continuously and extends over a maximum project duration of 60 months, with an annual total ceiling of up to € 999,999. Companies in the legal form of GmbH must submit an audited annual financial statement with an unqualified audit opinion evidencing the annual deficit in order to apply. Proportional deficit coverage is granted up to a maximum limit of € 999,999 per annum, with the agreement most recently concluded for the 2016/17 fiscal year and an extension possible.

The funding is explicitly aimed at Salzburger Osterfestspiele GmbH and ensures coverage of financial bottlenecks to safeguard the cultural offering. Through close cooperation between the state, city, and tourism promotion fund, a stable financing partnership is created that guarantees the continuation of the traditional Easter Festival. Companies benefit from a clearly regulated funding quota of 33% and a transparent application procedure without a deadline. The only requirement is the annual financial statement with an unqualified audit opinion; no further personal contact details are necessary, as applications can be submitted at any time to the responsible authorities. This grant enables reliable settlement of the annual deficit and thereby strengthens cultural diversity in Salzburg.