Question 1

How do I find out whether my development proposal is eligible for funding?

Accepted Answer

Your funding expert can tell you whether your development proposal meets the formal funding requirements during a consultation.Michael Loibl and Lukas Dingelmaier provide consultations on Neighbourhood Business Energy Funding.

Question 2

What's the procedure for obtaining funding?

Accepted Answer

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 – this is important – 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.

Question 3

Who is eligible for Neighbourhood Business Energy Funding?

Accepted Answer

We provide Neighbourhood Business Energy Funding to support startups and micro-enterprises in the commercial, retail, and hospitality industries looking to move into street-level business premises or remodel a street-level shop.

Question 4

What is funded?

Accepted Answer

Neighbourhood Business Energy Funding is provided to support energy-saving measures and measures taken to make a shop more attractive. The Vienna Business Agency provides funding to support business projects and not day-to-day operating costs. Make the cost calculation for your development proposal as detailed as possible.

Question 5

When do I find out whether my development proposal will be funded?

Accepted Answer

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

Question 6

What is the maximum amount of Neighbourhood Business Energy Funding that I can receive?

Accepted Answer

You can receive a maximum of 25,000 euros per company per year. The maximum funding amounts vary depending on the type of funding. Ask your funding expert about the funding details before you submit your application.

Question 7

What is the minimum value my development proposal must have to qualify for funding?

Accepted Answer

Your development proposal must be worth at least 3,000 euros to qualify for Neighbourhood Business Energy Funding.

Question 8

What is a funding rate?

Accepted Answer

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 20,000 euros as your project costs, the Vienna Business Agency will pay 10,000 euros. The maximum funding rate for Neighbourhood Business Energy Funding is 50% for energy-saving measures and 25% for other measures.

Question 9

Where do I submit my application for Neighbourhood Business Energy Funding?

Accepted Answer

You can submit your funding application via our online portal – 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.

Question 10

What documents do I need to apply for Neighbourhood Business Energy Funding?

Accepted Answer

You are required to submit a duly completed funding application along with an application confirmation that certifies 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 minimis declaration, your latest financial statements, and/or an income statement.

Maximum funding amount:	25,000 euros per year
Funding rate:	50% for energy-saving measures, 25% for other measures
Eligible costs:	Energy-saving measures (50%), as well as any measures (25%) taken to make a shop more attractive.
Minimum project value:	3,000 euros
Who is eligible?	Street-level micro-enterprises in Vienna.
Business sectors:	Commerce, trade, and hospitality.
Maximum project duration:	2 years
Documents for your application to receive Neighbourhood Business Energy Funding:	A duly completed online funding application, an application confirmation, a de minimis declaration, your latest annual financial statements, and/or an income statement, as well as cost proposals for energy-saving measures.
Assessment:	Funding applications are assessed on a first-come, first-served basis. In other words, companies that meet the funding criteria and are the first to submit their funding application will be granted funding approval.
Legal basis under European state aid law:	De minimis
Bonus:	Startup bonus: 5,000 euros. The women's bonus is awarded if your development proposal is managed by a woman with the necessary qualifications. If a new company is founded as part of the development proposal, we'll also pay a startup bonus.
Submission deadlines:	Ongoing from January 1, 2024

Neighbourhood Business Energy Funding

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