Consolidation Fund

The Thuringian Consolidation Fund for small and medium-sized enterprises provides low-interest loans to stabilize companies with headquarters or operations in Thuringia that are experiencing economic difficulties. In the program variants "Standard" and "Crisis Management (Ukraine Crisis)," long-term profitability is promoted and the regional economic structure is strengthened. The term is up to ten years, with up to two years potentially interest-only. For companies particularly affected by the consequences of the energy and Ukraine crises, a special de minimis aid of up to €2 million applies, with a fixed interest rate and an optional four-year term. Through close cooperation between the house banks and the Thuringian Development Bank (TAB), applicants receive competent support in implementing a viable consolidation concept.

Funding is provided to small and medium-sized enterprises according to the EU definition that have exhausted their financing capacity through their house bank and contribute an equity share of at least 25% (small SMEs) or 40% (medium SMEs). A detailed demonstration of economic difficulties, a well-founded concept for restoring profitability, and the waiver of using the loans for standalone fossil fuel heating systems are prerequisites. Applications can be submitted from July 1, 2024, and the program remains continuously open until June 30, 2027. Required documents include, among others, the application form, de minimis declaration, liquidity plan, consolidation concept, and proof of use. Interested companies can submit their applications directly to the Thuringian Development Bank and receive support from specialized experts there.