GRW Funding Starting July 1, 2014
The actual incentives amount granted varies from region to region subject to economic development level.
From July 1, 2014 on new funding guidelines apply throughout the EU. Accordingly, the Federal Ministry for Economic Affairs and Energy has defined new maximum possible incentives rates for all regions eligible for funding throughout Germany.
Regions with the highest incentives rates offer grants of up to 35 percent of eligible expenditures for small enterprises. Small enterprises situated in the border regions to Poland may receive up to 40 percent funding. These higher incentive rate regions are mainly situated in Eastern Germany.
Several regions within the western parts of Germany are also designated incentives regions. In these regions, small enterprises can receive subsidy rates of between 20 to 30 percent of eligible project costs.
The Federal Government will issue further information concerning elgibile industries and possible special regulations for the new funding period. Please contact us. We will be happy to inform you about the latest developments and answer project-related questions.
GRW program funds must be applied for before the investment project begins. The application process is usually administered by the relevant federal state governments. Germany Trade & Invest's incentives experts are pleased to provide inforamtion concerning possible incentives rate calculations and application process steps in advance.