Public guarantees issued by state governments together with the federal government are available in eastern Germany and parts of Berlin only. They cover up the 80 percent of the loan amount and guarantee for amounts exceeding EUR 10 million.
Before the investment starts, the application has to be submitted to a federal mandatary (PWC) via the investor's bank. A guarantee committee analyses the application. Finally, approval is given by the federal authorities in cooperation with the respective state. Concurent notification with EU authorities is necessary.You can find this fragment in the following contexts: