Business Location Funding (2024)

Are you planning to relocate your company to Vienna? Will your business be conducting production operations in Vienna going forward? Are you founding a company in Vienna to produce locally?We provide Business Location Funding to support your operations in Vienna and to assist companies setting up their headquarters in the city. You can also get in touch with us if you provide services to manufacturing companies or if your development proposals in research and development facilitate production in the city.

What is funded?

We provide Business Location Funding to pay for structural modifications, the purchase of building structures, and costs such as architectural services.

We provide consultations on Business Location Funding:

Facts about Business Location Funding

Maximum funding amount:	300,000 to 500,000 euros
Funding rate:	10-20%
Minimum project value:	150,000 euros for small companies and 300,000 euros for medium-sized companies and large-scale enterprises.
Who is eligible?	Existing small-, medium-, and large-scale enterprises, as well as founders in Vienna. Companies that want to move to Vienna or open their headquarters here.
Business sectors:	Production sector, production-related services, research, development, and waste management.
Eligible costs:	Structural modifications, the purchase of building structures, services such as architectural services.
Upfront payment:	Up to a maximum of 50% of the approved funding amount can be paid up front.
Maximum project duration:	4 years
Documents for your application to receive Business Location Funding:	A duly completed online funding application, an application confirmation, as well as a de minimis declaration, your latest annual financial statements, and/or an income statement, a standard cost statement, and building plans.
Assessment:	An independent jury will assess your submission and provide a recommendation for your development proposal's funding.We provide Business Location Funding to support development proposals that drive climate and environmental goals and boost employment in Vienna.
Legal basis under European state aid law:	De minimisand/or GBER Articles 17 and 22
Submission deadlines:	September 30, December 31

Typical steps when applying for Business Location Funding

Developing a project idea

Consultations by the Vienna Business Agency

Selecting the funding that's right for you

Organising your project content

Online project submission

Project assessment by a jury

Communication of the outcome by the Vienna Business Agency

Our consultations and networking events will help you navigate these steps.

Questions and answers related to Business Location Funding

"}},{"@type":"Question","name":"What's the procedure for obtaining funding?","acceptedAnswer":{"@type":"Answer","text":"

To receive funding, you will need to submit a funding application. Consult with your funding expert to get the information you need, submit your application online, and \u2013 this is important \u2013 don't make any investments until after you've submitted a complete application. This is because the Vienna Business Agency provides funding only for development proposals that start after the application has been submitted.

"}},{"@type":"Question","name":"Who is eligible?","acceptedAnswer":{"@type":"Answer","text":"

We provide Business Location Funding to existing Vienna-based small, medium, and large-scale companies in the production sector, production-related services, research, and development, as well as to founders in Vienna.

"}},{"@type":"Question","name":"What is funded?","acceptedAnswer":{"@type":"Answer","text":"

Business Location Funding covers structural modifications, the purchase of building structures, and costs such as architectural services. Funding must not be used to finance the costs of your normal business operations. Make the cost calculation for your development proposal as detailed as possible.

"}},{"@type":"Question","name":"When do I find out whether my development proposal will be funded?","acceptedAnswer":{"@type":"Answer","text":"

The decision is made by a jury based on well-defined assessment criteria.Generally, it takes around two months to find out whether your development proposal will receive funding.

"}},{"@type":"Question","name":"What is the maximum amount of Business Location Funding that I can receive?","acceptedAnswer":{"@type":"Answer","text":"

You can be awarded a maximum of 500,000 euros per development proposal. Ask your funding expert about the funding details before you submit your application.

"}},{"@type":"Question","name":"What is the minimum value my development proposal must have to qualify for funding?","acceptedAnswer":{"@type":"Answer","text":"

Your development proposal must be worth at least 150,000 euros to qualify for Business Location Funding.

"}},{"@type":"Question","name":"What is a funding rate?","acceptedAnswer":{"@type":"Answer","text":"

The funding rate is the percentage of a development proposal's eligible costs that will be funded. The funding rate varies depending on the type of funding. To give you an example: If the funding rate is 50% and we recognise 100,000 euros as your project costs, the Vienna Business Agency will pay 50,000 euros. The maximum funding rate for Business Location Funding is 20%.

"}},{"@type":"Question","name":"Where do I submit my application for Business Location Funding?","acceptedAnswer":{"@type":"Answer","text":"

You can submit your funding application via our online portal \u2013 it's convenient and always available. To do so, you must register on our website and create a profile. In your profile, select \"My submissions\" and \"New application\". Funding accounts will also be settled via our online system.

"}},{"@type":"Question","name":"What documents do I need to apply for Business Location Funding?","acceptedAnswer":{"@type":"Answer","text":"

You are required to submit a duly completed funding application along with an application confirmation certifying that the information you have provided is true and accurate. Our online system automatically generates this application confirmation as soon as you have finished completing the application form. You will also be required to provide a de minimisdeclaration, your latest financial statements, and/or an income statement, a standard cost statement, and building plans.

"}}]}