GRW: Empowering Growth in Structurally Weaker Regions
GRW (Joint Task for Improving the Regional Economic Structure) is a key regional policy tool in Germany, aimed at supporting businesses in economically weaker regions. It seeks to offset location disadvantages, boost employment, and enhance living standards through targeted investments. The initiative is jointly implemented by federal and state governments.
Interested in finding out how your business can benefit from GRW funding? Let us guide you through the process!
GRW
Who?
Primarily SMEs, though large(r) companies may also qualify.
How?
Grants range from 10% to 40%, depending on region and company size.
What?
Supports investments in productive capital or job creation.
When?
For future projects or purchases, with a duration of up to 2 years.
Key Considerations for GRW Funding: Eligibility, Grant Rates, Investment Focus, and Project Duration
Primary Impact, Lasting Benefits-Unlocking the Direct and Indirect Effects of Your Project
The GRW funding program is designed to encourage investment in diverse income sources to bolster regional economies. It supports initiatives that span across regions while also prioritising the creation and retention of long-term jobs. This dual focus on sustainable economic growth and job security ensures the continued strength and resilience of the area.
Identifying Your Funding Area
We will collaborate with you to identify the appropriate funding area for your current or planned business premises. It's essential to consider the specific characteristics of each region and optimise the potential for funding accordingly. For detailed insights, we can guide you through the unique aspects of the regions involved.
Apply Before You Act-Secure Funding Before Starting Your Project
GRW funding is only approved if the project commences after the written application is submitted. Once the application is received, and it is confirmed that starting the project is permissible, the incentive effect is considered fulfilled, allowing the project to proceed at the applicant’s own risk.
GRW - Strengthening Regional Perspectives
A primary objective of the funding is to promote equitable living conditions across all regions, ensuring that economic opportunities are accessible everywhere. Federal and state governments collaborate on regional development strategies aimed at sustainably enhancing the economic structure in underdeveloped areas. However, since GRW is managed individually by each state, it is essential to get in touch with the relevant funding authorities early on in the application process to ensure alignment with regional requirements.
Key Considerations for GRW
.webp)
Equity Share- Understanding your Financial Stake
✔️ When applying for funding, it is essential to secure the necessary equity share based on the applicable funding rate.
✔️ Documentation of the company’s financial standing will be required to verify the availability of the equity contribution, ensuring eligibility and compliance with the financial criteria.
Timing of Filing an Application
✔️ Orders or the conclusion of delivery and/or service contracts must not occur before the application is submitted.
✔️ However, approval can be granted to begin measures early if required.
Answering Queries
✔️ Questions regarding the project are natural and should not cause concern.
✔️ Rest assured, we are here to assist you in providing timely and thorough responses to any queries, ensuring a smooth and efficient process.
Some of our Customers
6 Simple Steps to Secure GRW Funding
Contact the Agency
In an initial meeting, discussing the project with the funding agency enhances your chances of success. This collaborative approach ensures alignment and increases the likelihood of approval.
Apply
We will prepare and refine the project proposal together, ensuring it is optimised for success. Once finalised, we will submit it along with all required supporting documents to ensure a complete and compelling application.
Evaluation by the Funding Agency
The funding agency requires several weeks or even months to assess the project thoroughly. This evaluation period ensures that all aspects of the application are carefully reviewed and the necessary criteria are met.
Answering Queries
The funding agency typically requests up to two rounds of follow-up queries to ensure that all aspects of the application are thoroughly addressed.
Approval by the Funding Agency
Once approved, the project can commence, and orders may be placed.
Funding Requests
Throughout the project's duration, payment requests are submitted at regular intervals, thereby ensuring a smooth and timely disbursement process, aligned with and in relation to the project’s progress.
Here to support you every step of the way!
Our mission is to optimise your success in securing GRW funding while minimising your workload. With a proven track record of supporting hundreds of successful applications, our experts guide you through every stage of the process. Additionally, we monitor complementary funding opportunities, such as BAFA, STARK, and KfW, so that your funding potential is fully exploited. From meticulous document preparation to managing the entire financial application, we take care of all the details, ensuring your project’s success, from start to final payment and beyond.
Let us drive your project forward with confidence and efficiency.
