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. Can Yönter provides consultations on Vienna Neighbourhood Funding.

Question 2

What's the procedure for obtaining Vienna Neighbourhood 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 completed the entire submission. This is because Vienna Business Agency only provides funding to projects that start after submission of the application.

Question 3

Who is eligible?

Accepted Answer

Vienna Neighbourhood Funding is available to micro-enterprises, small businesses, and founders that lease a street-level shop in Vienna's 2nd, 20th, or 16th district, or are looking to upgrade an already existing shop.

Question 4

What is funded?

Accepted Answer

Vienna Neighbourhood Initiative Fund covers all non-personnel costs, and lease costs (for up to a maximum of six months) if the applicant leases a vacant space. Funding is meant to support business projects and not day-to-day operating costs. Make the cost calculation for your development proposal as detailed as possible.

In addition, the Ottakring Neighbourhood Initiative offers the opportunity to apply to sublet a business premises in specific parts of the 16th District at a subsidised rate.

Question 5

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

Accepted Answer

Usually, it takes around one month to find out whether your development proposal will receive funding.

Question 6

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

Accepted Answer

You can be awarded a maximum of 10,000 euros per development proposal.

Question 7

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

Accepted Answer

Your project must be worth at least 500 euros to qualify for Vienna Neighbourhood 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 as your project costs, the Vienna Business Agency will pay 10,000 euros. The maximum funding rate for Vienna Neighbourhood Funding is 50%.

Question 9

Where do I submit my application for Vienna Neighbourhood Funding?

Accepted Answer

You can submit your application for Vienna Neighbourhood Funding 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 "Submit now". Funding accounts will also be settled via our online system.

Question 10

What documents do I need to apply for Vienna Neighbourhood 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 also need to provide a de minimis declaration, your latest financial statements, and/or an income statement, as well as a letter from the property manager confirming that the vacancy is available.

Maximum funding amount:	10,000 euros per year
Funding rate:	maximum 50% for all companies
Minimum project value:	500 euros
Who is eligible?	We support micro-enterprises, small businesses, and founders moving to a street-level shop in Vienna's 2nd, 16^th, or 20^th districts, or looking to remodel or upgrade their shop in these districts in order to keep it competitive.
Business sectors:	Neighbourhood businesses, including craft shops and commercial operations.
Eligible costs:	Vienna Neighbourhood Funding covers all non-personnel costs and lease costs (for up to a maximum of six months) if the applicant leases a vacant space.
Upfront payment:	Up to maximum 50% of the approved funding amount can be paid up front.
Maximum project duration:	1 year
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
Submission deadlines:	Ongoing from January 1, 2024

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