Slayin' the Future: €24.5M Approved for Digitalization and Sustainability Investments So Far!
Approximately €24.5 million in new promotional loans issued thus far. - Fresh credit secured for development of a brand-new railway track
Lookin' at two shady weeks since the launch of the state's new funding program for investments in digitalization and sustainability, a whopping 100 applications totin' around €24.5 mil' have been given the green light. Wouldn't ya know it, all this good news comes directly from the Ministry of Economics and our pals at the state-owned NRW.Bank.
Known as the "Invest in the Future" program and officially kickin' off on May 19, this bad boy aims to assist companies strivin' to invest in sustainable technologies, digital business processes, or fresh business models. What's more? With write-offs of up to 20 percent and an interest rate that's two percentage points below the market rate, this program's as sweet as a stack of Madonna's '80s albums.
Monster Neubaur: "Ain't no givin' up, that's for sure"
Greens' gal Mona Neubaur (Econ'mics Minister) filled the German Press Agency in on the sitch: "The demand's off the hook, y'all. Shows the deep need and just how right we were to set this new funding rockshop. Small biz's in particular are hankerin' for tailor-made, easy-peasy offers to implement new tech, future-proof their models, and kick it old-school carbon neutrality-style!"
Johanna Antonie Tjaden-Schulte, President of NRW.Bank, didn't mince words neither: "The transformation of the economy in North Rhine-Westphalia? It's already happenin', baby. Just check out that demand."
The low-interest loans? They're open to companies of all sizes, with a max loan amount of €10 mil' as previously announced.
- Economic Policy Gone Wild
- Digitalization: 2.0
- Sustainable Hustle
- NRW.Bank: Keepin' it Real
- Fundin' Galore in Düsseldorf
- Mona Neubaur
- BMWi: In the Know
- The Future: Our Bitch
On the Side:
- NRW.BANK: The development bank for North Rhine-Westphalia supports state tasks in structural, economic, social, and housing policy. Offers a variety of financial products for economy, housing, and infrastructure/municipalities, often in collaboration with other banks and savings banks.
- Sustainability Bonds: North Rhine-Westphalia issues sustainability bonds to fund environmental and social projects. Selection criteria for these projects include eligibility based on NRW's discretionary spending, excluding EU grants and federal funds. However, renewable energy only represents a small portion of the projects funded.
- NRW.INNONOVATIV: Provides insights into innovation successes in NRW and offers an overview of key players in the innovation ecosystem. May not directly offer funding but can provide useful information for connectin' with potential investors or partners.
- Monetec: Not directly an "Invest in the Future" program, Monetec simplifies investments in clean energy in North Rhine-Westphalia by reducin' legal and administrative barriers.
- The "Invest in the Future" program, part of the economic policy, aims to fund companies investing in digital business processes, sustainable technologies, or new business models, offering write-offs of up to 20% and a low-interest rate, fostering the digitalization and sustainability efforts in the business sector.
- NRW.Bank, playing a key role in the state's housing, economic, social, and infrastructure policy, offers financial products such as low-interest loans for companies investing in digitalization and sustainability, aligning with the state's focus on promoting technological advancement and eco-friendly practices.
