Funding for Strengthening the Economic Structure of Vorarlberg
Funding for industrial, commercial, and service enterprises in Vorarlberg to strengthen the regional economic structure. Grant of 8% of investment costs plus up to 4% bonuses. Applications can be submitted without limitation before the project start.
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Grant criteria
Funding objective
Promotion of investments in industry, commerce, or production-related services at the Vorarlberg location to create additional jobs, procedural and product innovations, as well as to improve material and energy efficiency.
Eligible expenses
- Structural investments
- Machinery and equipment
- Intangible investments (planning, organizational, control instruments)
- Engineering services
Non-eligible expenses
- Acquisition of undeveloped land
- Construction and/or purchase of operational buildings
- Purchase of motor vehicles of all kinds
- Purchase of used machinery
Eligible to apply
- Companies
Funding requirements
- Affiliation with the industry, trade, or production-related services sector of the Vorarlberg Chamber of Commerce
- Company location in Vorarlberg
- Independence (less than 25% external ownership)
- Investment costs exceed twice the average depreciation of the last three years
- Minimum eligible investment costs: €200,000 (or €100,000 for SMEs)
Documents required for application
- Detailed project and company description
- Detailed cost breakdown
- Credit institution's credit assessment
- Balance sheet analyses of the last 3 financial years
- Company register excerpt or trade license
Evaluation criteria
- Fulfillment of criteria such as creation of additional jobs
- Innovative value of the investment
- Resource and energy savings (environmental bonus)
Description
The “Funding to Strengthen the Economic Structure of Vorarlberg” is aimed at companies in the sectors of industry, trade, and production-related services headquartered in Vorarlberg. As a grant of 8% of eligible investment costs, the program additionally offers up to 4% bonuses for environmentally and resource-friendly projects as well as for the creation of additional jobs. Eligible investments include structural investments, machinery and equipment, intangible investments (e.g., planning, organizational, control instruments), and engineering services. A prerequisite is that the investment costs exceed twice the average depreciation of the last three years and amount to at least €200,000 (or €100,000 for SMEs). Non-eligible are undeveloped land, company buildings, motor vehicles, and used machinery.
Companies must submit a complete application before the project starts, including a project description, detailed cost breakdown, credit institution statement, balance sheet analyses of the last three fiscal years, as well as an extract from the commercial register or trade license. Evaluation is based on criteria such as job creation, degree of innovation, and energy efficiency. Upon positive decision, disbursement is made against invoice compilation and confirmation of appropriate use of funds. The funding is available indefinitely and specifically supports projects aimed at creating additional employment, product and process innovations, as well as improving energy and material efficiency at the Vorarlberg location.
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