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. Judit Pelz provides consultations on Neighbourhood Business Funding.

Question 2

What's the procedure for obtaining Neighbourhood Business Funding?

Accepted Answer

To receive funding, you will need to submit an 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 submission of the application.

Question 3

Who is eligible?

Accepted Answer

We provide Neighbourhood Business Funding to founders, as well as to neighbourhood businesses, commercial operations, and craft shops.

Question 4

What is funded?

Accepted Answer

We provide Neighbourhood Business Funding to assist you with structural remodelling, payroll costs, costs for marketing, consultations, and training for you and your employees, non-personnel and material costs, as well as costs for the acquisition of necessary machines, concessions, and licenses. 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 will 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 two months to find out whether your development proposal will receive funding.

Question 6

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

Accepted Answer

You can be awarded a maximum of 75,000 euros per development proposal. 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 20,000 euros to qualify for Neighbourhood Business 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 50,000 euros as your project costs, the Vienna Business Agency will pay 25,000 euros. The maximum funding rate for Neighbourhood Business Funding is 50%.

Question 9

Where do I submit my application for Neighbourhood Business 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 Funding?

Accepted Answer

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 minimis declaration, your latest financial statements, and/or an income statement.

Maximum funding amount:	75,000 euros
Funding rate:	50%
Minimum project value:	20,000 euros
Who is eligible?	Neighbourhood businesses, craft shops, or commercial operations.
Business sectors:	Neighbourhood businesses and craft shops in all business sectors with fewer than 50 employees, as well as founders in Vienna.
Eligible costs:	Payroll costs, consultation costs, training and professional development for you and your employees, marketing costs, tangible and intangible investment costs (such as licences or concessions), consumables, and structural remodelling.
Upfront payment:	Up to maximum 50% of the approved funding amount can be paid up front.
Maximum project duration:	2 years
Documents for your application to receive Neighbourhood Business 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.
Assessment:	An independent jury will assess your submission and provide a recommendation for your development proposal's funding.
Legal basis under European state aid law:	De-Minimis
Bonus:	Women's bonus: 5,000 euros. 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.

Neighbourhood Business Funding

What is funded?

We provide consultations on Neighbourhood Business Funding:

Facts about Neighbourhood Business Funding

Typical steps when applying for Neighbourhood Business Funding

Questions and answers related to Neighbourhood Business Funding

Events & workshops

Deadlines and submission