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. Daniela Graf, Marina Helm, and Michael Loibl provide consultations on Street-Level Business Revitalisation Funding.

Question 2

What's the procedure for obtaining Street-Level Business Revitalisation 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 submission of the application.

Question 3

Who is eligible?

Accepted Answer

Street-Level Business Revitalisation Funding is available to small- and medium-sized enterprises, companies in the process of being founded, and associations looking to invest in vacant street-level shops and offer products and services for everyday life.

Question 4

What is funded?

Accepted Answer

We provide Street-Level Business Revitalisation Funding to support you with your structural modifications and material investment costs (heating and ventilation system). Funding from the Vienna Business Agency supports development proposals 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, you will receive notification on whether your Street-Level Business Revitalisation Funding has been approved within two months.

Question 6

What is the maximum amount of Street-level Business Revitalisation Funding that I can receive?

Accepted Answer

You can be awarded a maximum of 35,000 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 5,000 euros to receive Street-Level Business Revitalisation 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 10,000 euros as your project costs, the Vienna Business Agency will pay 5,000 euros. The maximum funding rate for Street-Level Business Revitalisation Funding is 50%.

Question 9

Where do I submit my application for Street-Level Business Revitalisation Funding?

Accepted Answer

You can submit your application for funding conveniently via our online portal. 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 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. When applying for Street-Level Business Revitalisation Funding, you will also be required to provide a de minimis declaration, your latest financial statements and/or an income statement, a draft purchase or lease agreement detailing the intended lease period, a confirmation of vacancy, and recent photographs of the vacant business premises.

Question 11

Can partnership applications be submitted for Street-Level Business Revitalisation Funding?

Accepted Answer

Yes, partnership applications are possible. A partnership submission is when two companies or a company and an organisation submit a joint funding application. The lead company submitting the application is responsible for allocating the respective share of the funding amount granted to its partners.

Question 12

What is a submission deadline?

Accepted Answer

You can apply for Street-Level Business Revitalisation Funding portal anytime. Applications will then be processed by a certain deadline. The submission deadline is the date from which the Vienna Business Agency begins to simultaneously process all the funding applications that you have duly completed and submitted by that time. If you do not manage to complete your application form by a certain deadline, your application will be processed only after the next deadline. Typically, there is a submission deadline once every three months.

Maximum funding amount:	35,000 euros per project
Funding rate:	50%
Minimum project value:	5,000 euros
Bonus:	Startup bonus: 5,000 euros. If a new company is founded as part of your development proposal, we'll pay a startup bonus.
Who is eligible?	Small- and medium-sized enterprises, associations, and companies in the process of being founded.
Business sectors:	Street-Level Business Revitalisation Funding is designed for companies that offer their customers essential goods and services for their daily needs.
Eligible costs:	Funding is provided for construction measures such as the installation of doors, windows, floors, sanitary and electrical installations, as well as the acquisition costs of heating and ventilation systems.
Upfront payment:	Up to a maximum of 50% of the approved funding amount can be paid up front.
Maximum project duration:	2 years
Assessment:	An independent jury will assess your submission and provide a recommendation for your development proposal's funding.
Documents for your application to receive Street-Level Business Revitalisation Funding:	A duly completed funding application form, an application confirmation, a de minimis declaration, your latest annual financial statements and/or an income statement, the purchase or lease agreement (or a draft), an indication of your desired and/or agreed lease period, a confirmation of vacancy, and recent photographs of the vacant business premises.
Legal basis under European state aid law:	De minimis

Street-Level Business Revitalisation Funding

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Facts about Street-Level Business Revitalisation Funding

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