The company - Subsidies in the millions cannot be paid out
In view of the federal budget freeze, millions in funding cannot currently be disbursed in Saxony-Anhalt. Of 62 planned approvals for companies, 28 projects could not be approved at present, the Ministry of Economic Affairs announced in response to an inquiry. The federal budget crisis is now having a direct impact on the federal states, said Economics Minister Sven Schulze (CDU). The expenditure in question amounted to around 50 million euros.
This so-called GRW funding is intended to support investments by companies and in infrastructure. The freezing of the funds would have serious consequences for companies, as the planned projects could now not even be started, said Schulze. The subsidies account for a third of the total investment sum. However, he hoped that a solution would be reached between the federal government and the federal states in the coming days and that the funds could still be released soon.
Background on GRW funds
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Despite the budget freeze, Germany's Ministry of Economic Affairs, BMWi, is hoping to find a solution to release the 50 million euros in funding, which makes up a third of the total investment sum for companies in Saxony-Anhalt. The freeze has caused the halt of 28 projects, affecting 62 planned approvals, as announced by Economics Minister Sven Schulze. Companies in Saxony-Anhalt could be significantly impacted if these subsidies, worth millions of euros, remain frozen, according to Minister Schulze.
Source: www.stern.de
