Subsidies of seven to 14 percent – applications possible from September.
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The federal government wants to encourage companies to make investments even during the crisis. In order to make it easier for companies to decide not to postpone, the state supports a subsidy of seven percent, and under certain conditions it also gives 14 percent – the Ministry of Economic Affairs under Margarete Schramböck, Minister for Digitization and Business Location, has now announced these details about the investment bonus , the guideline has been finalized.
The premium is basically seven percent, but if the investment is related to digitization, greening, health and life science, then as much as 14 percent should be contributed by the state. The investment premium is intended to help companies not postpone their investments despite the corona crisis. Climate-damaging investments or investments in undeveloped land, in financial assets, acquisitions or in capitalized own work are excluded.
Applications can be submitted from September to the end of February 2021
The investment bonus can be applied for from September 1, 2020 up to and including February 28, 2021 and can be applied for retrospectively for investments made after August 1, 2020. A budget of one billion euros is available. The bonus is an “important step back towards growth and dynamism”, said Peter Buchmüller, President of the Salzburg Chamber of Commerce. The measure is also a good addition to the investment promotion program of his state and the Chamber of Commerce.
On the part of the Association of the Chemical Industry (FCIO) it was said that the investment bonus will “probably stimulate investments of over 500 million euros in the Austrian chemical industry”. In the health sector, it is to be expected that there will be investments in new production facilities and in research. “In addition to supporting the economic recovery, we also expect positive effects in terms of the security of supply with pharmaceuticals,” said Sylvia Hofinger, managing director of the association.
Great investment potential in climate protection expected
According to the association, great investment potential is also expected in the area of climate protection. Many companies would continue to invest in upgrading their facilities. The auto industry, on the other hand, criticizes the measures as “completely ineffective” because climate-damaging investments such as the purchase of new, lower-emission commercial vehicles are excluded from the premium. (LEADERSNET reported). (red)
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