NRW.BANK Special Fund
Equity co-financing for medium-sized enterprises in North Rhine-Westphalia in special situations such as turnaround, post-insolvency, and restructuring; inquiries possible at any time.
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Grant criteria
Funding objective
Support for medium-sized enterprises in the manufacturing and service sectors based in or focused on North Rhine-Westphalia in special financing situations (turnaround, post-insolvency, restructuring) through the provision of equity as a co-investment.
Eligible to apply
- Companies
Funding requirements
- Company headquartered or primarily located in North Rhine-Westphalia
- Medium-sized company in the manufacturing or service sector with annual turnover typically between EUR 15–200 million (max. EUR 500 million)
- Viable business model
- Externally induced and temporary financial difficulties
- Restructuring process feasible within a holding period of 3–5 years
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Evaluation criteria
- Viability of the business model
- Externally induced and temporary financial difficulties
- Restructuring process feasible within 3–5 years
- Co-investment with private investor
Description
The NRW.BANK Special Fund is aimed at medium-sized companies in the manufacturing and service sectors with headquarters or a primary economic focus in North Rhine-Westphalia, which are in special financing situations such as turnaround, post-insolvency, or restructuring. The program provides equity as a co-investment to strengthen viable business models through experienced restructuring experts and to secure future viability. In view of economic policy challenges triggered, for example, by economic downturns or external shocks, the Special Fund offers tailored equity financing and activates private capital in conjunction with NRW.BANK as a financial partner.
Eligible companies typically have annual revenues between EUR 15 million and EUR 200 million (maximum EUR 500 million). Key requirements include a structurally viable core business, temporarily externally induced financing difficulties, and an actionable restructuring process within a holding period of three to five years. The participation is pari passu with at least one private investor with proven restructuring expertise, with the Special Fund covering up to 49% of the required capital. The maximum funding amount is EUR 5 million; a term between 36 and 60 months is envisaged. Financing requests can be submitted to NRW.BANK at any time and are promptly reviewed based on the business model, planning documents, and participation structure.
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