“Loans and grants were a quick anchor at the start of the crisis.
Now it is a question of securing employment in the long term, ”said Minister of Economic Affairs Martin Dulig (SPD).
As the Ministry of Economic Affairs announced on Wednesday, the package has a volume of up to 370 million euros.
The state intends to use the money to invest in troubled companies for a limited period of time – and thus secure their liquidity.
Dresden (/ sn) – In order to help companies affected by the Corona crisis, Saxony has set up a stabilization fund.
The Ministry of Finance enables the fund to be set up with state guarantees of up to EUR 292.5 million.
“Now it is important to create an instrument to support the Saxon middle class,” emphasized Finance Minister Hartmut Vorjohann (CDU).
The equity fund is part of the “Saxony takes off” stimulus program that was passed in June and is designed to help companies overcome the crisis.
Applications can be submitted to the Sächsische Beteiligungsgesellschaft.
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The offer is aimed at medium-sized manufacturing companies and technology-oriented service providers.
These can be funded by the Free State with up to 800,000 euros.
The funding is aimed primarily at small companies – as a supplement to the federal government’s economic stabilization fund.
A contribution of up to 2.4 million euros is also planned.
However, this will be subject to a federal framework for higher equity aid.
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