Consolidation of Agricultural and Forestry Enterprises
Interest subsidy for consolidation loans for young farmers for the takeover and restructuring of indebted agricultural and forestry enterprises (valid 05.01.2024–30.06.2030).
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
The objective of the funding is to financially facilitate the takeover (site security) of indebted companies through an interest subsidy on a consolidation loan, thereby restoring profitability and competitiveness within a reasonable period.
Eligible expenses
- Interest expenses for consolidation loans
Non-eligible expenses
- Foreign currency loans
- Default interest
Eligible to apply
- Individuals
- Founders
- Companies
Funding requirements
- First-time management of an agricultural enterprise in one's own name and on one's own account
- Transfer of ownership within one year after initial establishment
- Enterprise is burdened by disproportionately high total debt
- Enterprise must be viable for restructuring (positive medium-term debt service capacity)
- Proof of agricultural and forestry vocational training or master craftsman qualification
- Show more
Documents required for application
- Business plan
- Loan commitment (promissory note)
- Notarial deed (transfer contract)
- Loan and debt confirmation
- Proof of income
Evaluation criteria
- Viability of the operation
- Economic sustainability
- Positive result of the medium-term debt service coverage ratio
- Proof of professional qualification
Description
The program Consolidation of Agricultural and Forestry Enterprises is aimed at young farmers up to 40 years of age who are taking over a indebted agricultural or forestry enterprise for the first time. In all federal states (Burgenland, Carinthia, Lower Austria, Upper Austria, Salzburg, Styria, Tyrol, Vorarlberg, and Vienna), an interest subsidy of 50% of the gross interest rate (max. 4.50% p.a.) is granted on consolidation loans ranging from 50,000 to 150,000 euros. The loan term is 10 to 20 years. The objective is to provide financial relief in reducing disproportionately high total debts in order to sustainably restore profitability and competitiveness and to secure the location of indebted enterprises.
Eligible for funding are private individuals, start-ups, and micro-enterprises with proven agricultural or forestry vocational training or master’s certification. Requirements include first-time management in one’s own name, transfer of ownership within one year, a rehabilitable enterprise with a positive medium-term debt service capacity, as well as a coherent business plan. Documents to be submitted include the business plan, a loan commitment (promissory note), the notarized deed of ownership transfer, a credit and debt confirmation, and proof of income. The funding application must be submitted within one year after acquiring the indebted enterprise. The funding guideline is valid from 05.01.2024 to 30.06.2030 and is financed from national funds of the Federal Ministry and the federal states to strengthen the sustainable development of a vital rural area.
Ready to secure your funding?
Register now and let our AI guide you through the application process – from eligibility check to finished application.