State Investment Promotion Program (LIP 2014)
Companies in Bremen receive loans and grants for business investments aimed at creating permanent jobs, jobs and training positions for women, as well as for consulting services.
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Grant criteria
Funding objective
Promotion of investments in companies in the state of Bremen to strengthen the economic structure, diversify production, create and secure permanent jobs, and support positions for women and apprenticeships.
Eligible expenses
- Establishment or expansion of business premises
- Diversification of production
- Modification of the production process
- Acquisition of assets of closed business premises
- Investment measures at special locations
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Eligible to apply
- Companies
Funding requirements
- Companies in crafts, trade, industry, service sectors, and other commercial enterprises
- Creation or safeguarding of permanent jobs
- Primary effect: long-term increase of total income in Bremen
- Implementation of the project within 36 months
- Investments in fixed assets used for own operations
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Documents required for application
- Application
- Project description
- Financing plan
Evaluation criteria
- Economic viability
- Creation and securing of jobs
- Primary effect on the regional economy
Description
State Investment Promotion Program (LIP 2014) offers companies in the state of Bremen long-term loans and grants for operational investments. The goal is to strengthen the regional economic structure, diversify production structures, and create or secure permanent jobs as well as positions for women and trainees. Funding is provided to small and medium-sized enterprises (SMEs) as well as large companies from crafts, trade, industry, service sectors, and other commercial enterprises with planned investment projects in the area of fixed assets. The funding rate ranges from 7.5% to 50% of eligible costs, grant amounts range between €5,000 and €2,500,000, and loans can be granted up to half of the expenses. The project duration is a maximum of 36 months, during which the investments must be implemented.
Eligible expenses include, among others, the establishment or expansion of business premises, diversification of existing production lines, fundamental changes to production processes, acquisition of decommissioned business premises, as well as environmental protection investments and consulting services. A prerequisite is the creation or securing of permanent jobs and a measurable primary effect on the total income in the state of Bremen. In parallel with GRW funding, the corresponding framework plans must be observed. Companies submit applications, project descriptions, and financing plans to Bremer Aufbau-Bank GmbH. The promotional bank reviews the economic viability as well as the contribution to regional employment and continuously decides on the allocation of loans and grants.
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