Thuringia: Development bank: around one billion euros in corona aid

Erfurt (dpa/th) - Thuringia's development bank has processed around 150,000 applications for corona aid from the economy since March 2020.

Thuringia: Development bank: around one billion euros in corona aid

Erfurt (dpa/th) - Thuringia's development bank has processed around 150,000 applications for corona aid from the economy since March 2020. The state development bank announced on Monday that around one billion euros in economic aid had been paid out to companies and the self-employed. 19 special programs were set up in a very short time in response to the pandemic and the consultation started.

The immense number of funding applications and the sums of economic aid are unique in the 30-year history of the bank. CEO Matthias Wierlacher explained that these tasks were handled in addition to normal funding business. The bank processes applications for subsidies from business - for example for investment grants on behalf of the state. Under their umbrella there are also funds that invest in companies in the Free State.


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