Joint Task for the Improvement of Regional Economic Structures (GRW) – Thuringia
Investment grants for companies and start-ups in structurally weak regions of Thuringia. Applications can be submitted at any time.
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Grant criteria
Funding objective
Promotion of the regional economic structure in Thuringia through the provision of grants for investments in tangible assets, buildings, and infrastructure measures to strengthen competitiveness and employment in structurally weak areas.
Eligible expenses
- Investment costs for machinery and equipment
- Buildings and ancillary construction costs
- Infrastructure measures
Non-eligible expenses
- Ongoing operating costs
- Personnel expenses
- Retroactive costs
Eligible to apply
- Companies
- Founders
- Public Institutions
Funding requirements
- Business location or investment project in Thuringia
- Proof of planned investment costs and financing plan
Documents required for application
- Detailed investment plan
- Financing plan
- Annual financial statements/balance sheets of recent years
- Shareholders' resolutions
Evaluation criteria
- Regional criterion (structurally weak areas)
- Amount and appropriateness of the investment
- Economic viability and future prospects of the project
Description
Joint Task for the Improvement of Regional Economic Structures (GRW) – Thuringia permanently supports investment projects in structurally weak regions of Thuringia and is aimed at small and medium-sized enterprises, start-ups, as well as public institutions. Grants of up to 30% are awarded for the acquisition and modernization of machinery and equipment, construction measures including incidental construction costs, as well as infrastructural projects that strengthen the regional economic location. A prerequisite is a business establishment or the investment project located in Thuringia, as well as proof of a detailed financing plan and the planned investment costs. Applications can be submitted continuously, enabling flexible project planning and sustainably eliminating structural bottlenecks.
The focus of this regional funding lies on criteria such as location in eligible areas, the appropriateness of the requested investment amount, and the economic viability of the projects. The support aims to sustainably increase competitiveness and employment. The Thuringian Development Bank (TAB) assists applicants from consultation through to accounting and provides the necessary application forms, information sheets, and proof of use. Interested companies and institutions benefit from neutral support by the Free State’s promotional bank, which cooperates closely with the state government and financial partners to ensure a tailored and swift implementation of projects.
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