Investment Promotion for Agricultural Enterprises (ILU)
The state of Thuringia supports agricultural enterprises in investments in durable assets with grants and default guarantees. Funding of up to 40% of the assessment basis; applications are submitted at specified deadlines through the Thuringian Development Bank.
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Grant criteria
Funding objective
The funding program aims to strengthen the competitiveness, sustainability, environmental and animal welfare standards, as well as the multifunctionality of agricultural enterprises in Thuringia through investments in durable assets. It includes the Agricultural Investment Funding Program (AFP), small investments in specific production sectors, and EcoInvest for organic farming.
Eligible expenses
- durable assets
Eligible to apply
- Companies
Funding requirements
- At least 25% of turnover from agricultural products
- Meeting the minimum size according to the Law on the Old-Age Security of Farmers
- Operation may pursue church-related, charitable, or benevolent purposes
- Investment location in Thuringia (exceptions for territorial relevance)
Description
The funding program Investment Promotion for Agricultural Enterprises (ILU) in Thuringia specifically strengthens the competitiveness, sustainability, as well as environmental and animal welfare standards of regional businesses. Through grants and default guarantees for durable assets, investments in modern technology, sustainable farming practices, and multifunctional operational structures are supported. With a funding rate of up to 40% of the assessment basis, both investment projects within the framework of the Agricultural Investment Promotion Program (AFP) and small projects of specific production sectors as well as measures in organic farming (ÖkoInvest) are financially supported. The funding is granted in cooperation with the European Agricultural Fund for Rural Development (EAFRD) and from funds of the joint task "Improvement of Agricultural Structure and Coastal Protection." Applications can be submitted to the Thuringian Development Bank (TAB) at specified deadlines.
Eligible to apply are small and medium-sized enterprises (SMEs) according to the EU definition, which generate at least 25% of their turnover from agricultural products and meet the minimum size specified in the Act on the Old-Age Provision of Farmers. Additionally, non-profit, charitable, or church-run enterprises as well as micro-enterprises from sectors such as beekeeping, sheep farming, or horticulture are specifically addressed. For ÖkoInvest, all cultivation methods of the enterprise must be organic. The investment location must be in Thuringia – exceptions apply if there is a territorial connection to neighboring federal states. Submitting an application to the TAB enables an individual review of the funding prerequisites and provides information on program specifics and deadlines. With the ILU program, the Thuringian Ministry of Infrastructure and Agriculture supports a future-oriented development of the agricultural sector in the Free State.
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