IFB Cultural Promotion Loan
Loan for the modernization, renovation, and expansion of cultural institutions in Hamburg. Minimum loan amount €20,000, guarantee up to 80% of the total costs.
Discover your potential with AI support
- Find out if this grant matches your project
- Develop your application together with AI
- Get matched with many more suitable grants
Grant criteria
Funding objective
Support for the preservation, modernization, renovation, and expansion of structural facilities of cultural institutions in Hamburg through a low-interest loan secured by a guarantee.
Eligible expenses
- Modernization
- Renovation
- Expansion of structural facilities
Eligible to apply
- Companies
- Interest Groups and Other Associations
Funding requirements
- Permanent establishment in Hamburg
- Activity in the cultural sector as a legal entity
- Confirmation of eligibility for funding by the Office of Culture of the Authority for Culture and Media
- Cultural-political significance of the construction project
- Economic viability of the project
- Show more
Evaluation criteria
- cultural-political significance of the construction project
- economic viability
- long-term usage perspective
- equity ratio of at least 20%
Description
IFB Cultural Promotion Loan offers legal entities in the cultural sector with a place of business in Hamburg a low-interest loan for the modernization, renovation, and expansion of structural facilities of cultural institutions. With a minimum loan amount of 20,000 euros and guarantee coverage of up to 80 percent of the total costs, projects are made possible that would be difficult to realize without public funding. The goal is to secure culturally significant construction projects in the long term and sustainably enhance the quality of stay at venues, galleries, and other cultural sites. Through the combination of favorable conditions and comprehensive security, the program significantly contributes to strengthening Hamburg’s cultural landscape.
Funding is provided to sponsors and owners who ensure a usage guarantee of at least 20 years for new constructions, conversions, or expansions (or at least 10 years for modernizations and initial equipment). A prerequisite is the economic viability of the project as well as an equity ratio of at least 20 percent. Eligibility for funding is confirmed by the Cultural Office of the Authority for Culture and Media; subsequently, the digital loan application is submitted to the Hamburg Investment and Development Bank (IFB Hamburg). Long-term usage prospects, cultural-political significance, and solid financing structures are the decisive evaluation criteria. Ongoing application opportunities allow for flexible planning and implementation of forward-looking construction projects.