Household - Tiefensee: Investment grants for industry available again
State grants amounting to around 35 million euros can still be approved for the economy in Thuringia in 2023 after the federal budget freeze is lifted. "The lifting comes late, but just in time," explained Economics Minister Wolfgang Tiefensee (SPD) in Erfurt on Friday. It concerns the program to improve the regional economic structure (GRW), which is financed equally by the federal and state governments.
According to the Ministry, it is estimated that more than 200 million euros were affected by the previous freeze nationwide. The funding is intended for investment projects by companies and for business-related infrastructure projects such as industrial estates.
"Thuringia will also make full use of all GRW funding this year," announced Tiefensee. A total of 120 million euros would have been available. Until the federal budget freeze at the end of November, the Free State had committed to projects worth 85 million euros. Applications ready for approval had been submitted to the Thüringer Aufbaubank for the remaining 35 million euros.
These include eight infrastructure projects worth around 25 million euros. These include the development of the Sonneberg-Süd industrial area with a grant volume of eight million euros and the restoration of the "Auf dem Sauborn" industrial site in Marth in Eichsfeld.
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- Despite the budget freeze, Economics Minister Wolfgang Tiefensee (SPD) announced that Thuringia will utilize all GRW funding for construction projects in 2023, totaling 120 million euros.
- The subsidy program for improving the regional economy structure (GRW) has been affected by the previous budget freeze, with around 200 million euros affected nationwide, according to the Ministry.
- The availability of 35 million euros in state grants for investments in businesses and industrial estates in Thuringia has been restored, as per Tiefensee's statement.
- The Free State of Thuringia had committed to projects worth 85 million euros prior to the budget freeze, with the remaining 35 million euros in applications ready for approval, including eight infrastructure projects worth around 25 million euros.
- The SPD's Economic Minister Wolfgang Tiefensee expressed his gratitude for the availability of funding to support investments in Thuringia's construction sector, stating that it comes "just in time."
Source: www.stern.de
