Support program for restaurants
All restaurant operators in Hesse have the opportunity until October 12, 2022 to receive a subsidy for upcoming investments. Especially for companies that have carried out long-term planning, such a subsidy is a welcome support to reduce the financial risk. The state government has funds of up to 10 million available for this funding. If the required documents are already available, an application can be submitted at any time.
A funding rate of 45 % with a minimum investment of €15,000.00 is announced
Investments and purchases from €15,000.00 are subsidized. The guest room renovation, the construction of a new outdoor terrace or the modernization of the kitchen are taken into account. For many, however, the possibility will also be interesting that the purchase of modern digital technology is also eligible for funding. The funding rate is 45 percent and the maximum funding is €200,000.00.
What is funded:
- Planning costs incurred by architects and engineers
- Fees that arise for the permit, for example, at the building authority.
- Craftsmanship
- New capital goods / material and intangible
- New vehicles
What are the funding conditions
- Minimum €15,000.00 investment
- Funding rate of 45 %
- Subsidy amount of maximum € 200,000.00
Why work with a grant advisor?
Most companies do not have the time to deal with the funding programs and their guidelines. Comparing the guidelines with the project ideas is usually not part of the planning. Later in the implementation phase, no project manager will normally be happy to compare every adjustment to the project with the submitted applications and report them accordingly. Conversely, however, every entrepreneur would like to win the non-repayable grants for themselves!
It is therefore the task of a funding advisor:
- Identify funding programs
- Assess eligibility
- to create applications
- Responsible for administrative management throughout the project
- Notify the sponsor of any adjustments
- Ensuring that all formal conditions are met and the grants are paid
legal entitlement to funding
There is almost no legal entitlement to any funding that is applied for. An exception here is the Innovation Promotion Act of the Federal Republic of Germany. There is a legal entitlement to a subsidy of up to €1 million per year. Funding is primarily provided for personnel costs that have been pursued in an activity that can be defined as innovative.
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You have read: "Support program for restaurants" with a focus on support in Hesse.
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