Business Location Germany
German Government to Increase Support for SMEs
Germany’s governing cabinet has resolved to provide fledgling firms and medium-sized companies an additional EUR 11.7 billion in low-interest loans.
Jul 25, 2024
The proposed funds for 2025 will come from the European Recovery Program (ERP). According to the plan, venture capital funds will make a further EUR 500 million available.
“We stand for reliable support for German medium-sized enterprises in the transition to an ecological and social market economy,” said German Minister for Economic Affairs and Climate Action Robert Habeck in a statement. “Innovation in digitalization and sustainability are the basis of our future economic success. In the coming year, the special fund of the European Recovery Fund will continue making a major contribution to this.”
The ERP evolved from the Marshall Plan after the Second World War and has existed for more than 75 years.
- Business Location Germany
- Business Location Germany
