Bundeskabinett decides 11.7 billion euros for medium -sized companies

Bundeskabinett decides 11.7 billion euros for medium -sized companies

by Andrea Thomas

a new impulse for medium -sized companies

Berlin - In a pioneering decision, the Federal Cabinet has significantly increased the financial means to promote medium -sized businesses. In the coming year, 11.7 billion euros from the ERP special assets are to be available, which represents an increase of 500 million euros compared to the previous year.

focus on digitization and sustainability

Federal Minister of Economics Robert Habeck (Greens) underlined the importance of these measures: "We stand for a reliable support for the German middle class in conversion into an ecological-social market economy." The new funds should flow in particular into the areas of digitization and sustainable development that are viewed as the key to future economic success.

improved access for smaller companies

According to the ministry, small and medium -sized companies that form the backbone of the German economy are particularly affected by the new funding. These companies often have difficulties accessing financial resources. The ERP programs therefore offer discounted loans, longer terms and an exemption from liability by the house banks-advantages that aim to reduce structural disadvantages.

venture capital as support for startups

In addition to the interest -loving loans, fund participants of over half a billion euros are also planned for venture capital. This represents important support for companies that want to invest in promising technologies and business models.

a legacy with a future

The ERP special assets that emerged from the Marshall Plan more than 75 years ago remains an important institution for business development, which acts independently of the federal budget. "By providing participation, venture capital and mezzan infinance, we make a decisive contribution to the transformation of the German economy and to promote startups," continued the ministry.

The big picture: influence on the economy

The decision of the Federal Cabinet will not only affect sole proprietorship, but also have far -reaching effects on the entire German economy. The focus on sustainable development and digitization could help to further strengthen Germany as an innovation location and to increase competitiveness.

The author is available for further information and inquiries at Andrea.thomas@wsj.com

- Nag