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News Detail

06.04.2021

Thuringia increases incentive rates in order to boost investments

In response to the economic consequences of the Corona crisis, the Thuringian Ministry of Economics has changed the conditions in the central investment promotion programs.

The maximum subsidy rates are generally increased by 10 percentage points each up to a maximum subsidy amount of 1.8 million euros – i.e. from 10 to 20 percent of the eligible investment sum for large enterprises, from 20 to 30 percent for medium-sized enterprises and from 30 to 40 percent for small enterprises.

Companies particularly affected by the crisis, e.g. the automotive industry, receive additional support: For them, the maximum funding rate is increased by a further 10 percentage points.

On the other hand, economic sectors that are considered winners of the current crisis are excluded from the higher subsidy rates (not from subsidies in general). This applies, for example, to the e-commerce business, logistics, IT service providers and certain construction and construction-related industries.

The improved funding conditions are valid until 31 December 2021. Only one application and only one approval per plant/subsidiary in Thuringia is possible. For more detailed information, please visit:

Thüringer Aufbaubank or Thüringer Ministerium für Wirtschaft, Wissenschaft und Digitale Gesellschaft

 

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