Green Light for Business Plan of the ERP Special Fund
Berlin: On November 6, 2024, the German Bundestag approved the business plan of the ERP Special Fund for the years 2025 to 2027. The fund, which is managed by the Kreditanstalt für Wiederaufbau (KfW), provides loans, guarantees, and equity capital to small and medium-sized enterprises (SMEs) and start-ups.
The business plan envisages a total volume of EUR 100 billion for the three-year period. Of this, EUR 70 billion will be available for loans and guarantees, and EUR 30 billion for equity capital. The focus of the funding will be on climate protection, digitalization, and innovation.
“The ERP Special Fund is an important instrument for supporting the German economy,” said Federal Minister of Economics and Climate Protection Robert Habeck. “With the approved business plan, we are ensuring that SMEs and start-ups will continue to have access to affordable financing in the coming years.”
The ERP Special Fund was established in 1949 as part of the Marshall Plan. Since then, it has provided more than EUR 700 billion in funding to German businesses.
The approval of the business plan is a clear signal that the German government is committed to supporting SMEs and start-ups. These businesses are the backbone of the German economy, and they play a key role in creating jobs and driving innovation.
Grünes Licht für Wirtschaftsplan des ERP-Sondervermögens
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Kurzmeldungen (hib) a new article on 2024-11-06 13:12 titled “Grünes Licht für Wirtschaftsplan des ERP-Sondervermögens”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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