Current funding opportunities for companies in the COVID-19 crisis situation - Deloitte Global Investment and Innovation Incentives
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Current funding opportunities for companies in the COVID-19 crisis situation Deloitte Global Investment and Innovation Incentives Status: 30 March 2020
Emergency aid at federal level The German government has adopted a package of measures to support companies in coping with the COVID-19 crisis. The following is a compilation of publicly available information on available funding opportunities to support the mitigation of the current COVID-19 crisis situation. This compilation makes no claim to completeness or topicality. 2020 Deloitte 2
Policy framework
In the supplementary budget, the Federal Government provides for additional
expenditure totalling around € 122.5 billion to deal with the COVID-19 crisis. It has
also provided for a number of measures to support society:
Economic Stabilisation Fund Further support for hospitals
Large-volume support measures with the • Postponement of all medical interventions
possibility of direct equity strengthening for large that are not absolutely necessary
companies: financial compensation for hospitals
• Guarantee framework amounting to EUR 400 • Various measures to strengthen the
billion financing of hospitals
• Credit authorisation of EUR 100 billion for direct
recapitalisation measures
• Loan authorisation in the amount of EUR 100
billion for KfW's special programmes
Micro-enterprises and self-employed persons:
• One-off payment for three months - up to 15,000
euros depending on the size of the company
• Easier access to unemployment benefit II
Social security
• Basic security for jobseekers according to SGB Competence for the federal
II, SGB XII and social compensation law more
quickly accessible in a simplified procedure government
• Child supplement adjusted to income during • Ministry of Health no longer requires the
the crisis approval of the Länder for decisions on the
• More flexible short-time allowance by the basic supply of drugs and strengthening of
Federal Employment Agency, can be applied human resources
for retroactively to 01.03.2020
Sources: https://www.bmwi.de/Redaktion/DE/Dossier/coronavirus.html ; https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/2020-03-13-Milliarden-Schutzschild-fuer-
2020 Deloitte Deutschland.html 3
Milestones so far in addressing the economic impact of the coronavirus pandemic
Friday, 20.03.2020 Monday, 23.03.2020 Wednesday, 25.03.2020 Friday, 27.03.2020
• EU Commission • Draft of a supplement to • Bundestag to suspend the • Approval by the Bundesrat
temporarily relaxes EU the Federal Budget 2020 debt brake laid down in to suspend the debt brake
budget regulations for the Basic Law and approve and the economic
• Additional borrowings of
member states until the end a new economic stabilisation fund
EUR 156 billion - exceeds
of December 2020 stabilisation fund of 600
new debt ceiling of EUR 100
billion euros
• Suspension of the deficit billion
rules Member States can • Notification of the KFW
take on unlimited debt in Special Programme by the
order to guarantee the EU Commission
national economy as much
liquidity as necessary
2020 Deloitte 4
Outline of upcoming milestones and important deadlines
31.05.2020 30.06.2020 30.09.2020 31.12.2020
• Applications for emergency • Asset testing for • No financial compensation • New regulations for short-
aid for small enterprises/ applications for for hospitals time work compensation are
self-employed expire unemployment benefit II is no longer in force.
resumed • Tax authorities no longer
grant deferrals of tax
liabilities.
• Tax prepayments can no
longer be adjusted.
• Enforcement measures are
reinstated.
2020 Deloitte 5
Current funding guideline
KfW entrepreneur loan (KfW - 037 / 047)
Contents Nature and scope of the support, conditions
With Programme 037/047 KfW provides financing for investments and Loan amount:
working capital of medium-sized and large commercial enterprises, sole
• a maximum of EUR 1 billion per group of companies (in the sense of
proprietors and freelancers.
affiliated companies), limited to a maximum
The KfW Entrepreneur Loan enables medium-sized and large companies,
• 25 % of the annual turnover in 2019 or
sole proprietorships and freelancers that have been in existence for at
least 5 years to obtain low-interest financing for projects in Germany. • twice the wage costs in 2019, or
Small and medium-sized enterprises as defined by the European Union can • the applicant's current liquidity requirements for the next 18
obtain particularly favourable conditions. months for small and medium-sized enterprises or 12 months
Eligible actions are those within the programme: for large enterprises.
Investments For loans exceeding 25 million euros, the loan amount is limited to a
• Resources maximum of 50% of the company's total debt.
• Warehouse Up to 100 % of eligible costs will be financed.
• Acquisition of assets from other companies including takeovers and
active participations KfW provides different term variants (2/5 years) for the measures with
different conditions depending on the measure.
Debt rescheduling, additional financing, certain construction measures,
trust structures and transactions involving the use of self-protection are
excluded from support. Furthermore, the projects generally excluded by
KfW apply. Application process
Applications must be submitted directly via the house bank or another
financing partner.
Source: https://www.kfw.de/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF-documents/6000000188-leaflet-037-047.pdf; https://www.kfw.de/PDF/Download-
2020 Deloitte Center/Konzernthemen/Nachhaltigkeit/Ausschlussliste 6Current funding guideline
KfW-ERP Start-up Loan - Universal (KfW - 073 / 074 / 075 / 076)
Contents Nature and scope of the support, conditions
With its programme 073/074/075/076 KfW provides financing for Loan amount:
investments and working capital for business start-ups, business
• a maximum of EUR 1 billion per group of companies (in the sense of
successions and business consolidation.
affiliated companies), limited to a maximum
The ERP-Gründerkredit - Universell enables low-interest financing of start-
• 25 % of the annual turnover in 2019 or
ups, succession arrangements or company consolidations.
• twice the wage costs in 2019, or
Founders as well as freelancers and commercial medium-sized companies
that have been in existence for less than 5 years are supported. The • the applicant's current liquidity requirements for the next 18
interest rate is subsidised from funds of the ERP Special Fund. months for small and medium-sized enterprises or 12 months
for large enterprises.
Eligible actions are those within the programme:
• Investments For loans exceeding 25 million euros, the loan amount is limited to a
• Resources maximum of 50% of the company's total debt.
• Warehouse Up to 100 % of eligible costs will be financed.
• Acquisition of assets from other companies including takeovers and
active participations KfW provides different term variants (2/5 years) for the measures with
different conditions depending on the measure.
Companies that were not in difficulty on 31 December 2019 can apply for a
loan.
Debt rescheduling, additional financing, certain construction measures,
trust structures and transactions involving the use of self-protection are Application process
excluded from support. Furthermore, the projects generally excluded by
KfW apply. Applications must be submitted directly via the house bank or another
financing partner.
Source: https://www.kfw.de/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF-documents/6000002259-leaflet ERP-Gr%C3%BCnderkredit-068.pdf; https://www.kfw.de/PDF/Download-
2020 Deloitte Center/Konzernthemen/Nachhaltigkeit/Ausschlussliste 7Current funding guideline
Direct participation in syndicated financing (KfW - 855)
Contents Nature and scope of the support, conditions
With Programme 855, the KfW provides investment and working capital KfW participates in debt financing with risk participations, whereby the KfW
loans for medium-sized and large enterprises. risk share is usually at least EUR 25 million and not
The special programme is aimed at companies that have experienced • twice the annual payroll in 2019, or
temporary financing difficulties as a result of the COVID-19 crisis from 1
• 25% of the total revenue for the year 2019 or
January 2020.
• exceeds the liquidity requirements for the next 12 months.
The programme is aimed at domestic and foreign commercial enterprises,
the majority of which are privately owned, for projects in Germany. KfW's assumption of risk can amount to a maximum of 80% of the project
Applicant companies must not have been in difficulties (according to the EU financing. In order to ensure an adequate risk partnership between KfW
definition) on the cut-off date 31.12.2019. and the financing partners, KfW's share in the total debt of the enterprise
is limited to a maximum of 50%.
Financing is provided within a consortium, either directly as a consortium
partner or indirectly as a risk sub-participation. As an option, partner banks KfW participates in financing with a term of up to 6 years.
can also be refinanced by means of a pass-through loan at their own risk.
Debt rescheduling or subsequent financing of already completed projects is
excluded from funding. In addition, KfW generally excludes certain projects
from financing or stipulates conditions to be met.
Application process
Applications must be submitted directly via the house bank or another
financing partner.
Source: https://www.kfw.de/PDF/Download-Center/F%C3%B6rderprogramme-(Inlandsf%C3%B6rderung)/PDF documents/6000004518_M_855.pdf; https://www.kfw.de/PDF/Download-
2020 Deloitte Center/Konzernthemen/Nachhaltigkeit/Ausschlussliste 8Emergency aid and loans
For small companies, self-employed and freelancers
Content Financing and conditions
The Federal Cabinet has approved emergency aid for small companies, self- Funding is provided as:
employed persons and freelancers to the amount of up to 50 billion
1. non-repayable cash grant (emergency aid)
euros.
2. Credit with up to 90% risk assumption
Measures
The applicant must give an assurance that he is in economic difficulties as
1. Emergency aid for companies/self-employed persons with
a result of the Corona pandemic.
a. up to 5 employees: single payment of up to € 9,000 for 3
months
b. up to 10 employees: single payment of up to € 15,000 for 3
months
Application process
2. Unemployment security: Easier access to unemployment security
for self-employed persons for 6 months (no assessment of capital, • Applications for emergency aid can be submitted until 31.05.2020 via
subsequent means test) the responsible regional authorities.
3. Loans: KfW special programme for companies • Applications for unemployment security can be made informally by
a. Which have existed for 5 years or more: KfW Entrepreneur telephone, e-mail or (in-house) mail to the responsible job centre.
Loan • Applications for KfW loans must be submitted directly via the house
b. Which have not been in existence for 5 years: ERP Start-up bank or another financing partner.
Loan
2020 Deloitte Source: https://www.bundesfinanzministerium.de/Content/DE/Standardartikel/Themen/Schlaglichter/Corona-Schutzschild/2020-03-19-Milliardenhilfe-fuer-alle.html 9Support for hospitals
COVID19 Hospital Relief Act
Content Financing and conditions
The new measures are designed to support hospitals, contract physicians • Funding is provided in the form of a non-repayable cash grant
and nursing staff to effectively combat the corona epidemic. The aim of the
• Some measures limited in time
law is to avoid revenue shortfalls and deficits of the hospitals and to ensure
the liquidity of the hospitals in the short term. • Additional expenditure is partly financed from the liquidity reserve of the
Health Fund
Most important measures
• Additional expenses are borne by private and statutory health insurance
• Financial compensation for postponed operations and treatments
companies, the federal government, the states and municipalities
Lump sum of 560 euros per day for each unoccupied bed
• Bonus in the amount of 50,000 euros for each additionally created
intensive care bed for hospitals
• Surcharge for additional costs of hospitals, especially for personal
protective equipment, per patient of 50 Euro
Application process
• Temporary "nursing fee value" to be increased to 185 euros
Hospitals determine the amount of compensation payments
themselves according to the prescribed method of calculation and pass on
the claims to the state authority responsible for hospital planning. This
authority then forwards the amounts to the Federal Social Security
Office, which transfers the funds required.
2020 Deloitte Source: https://www.bundesgesundheitsministerium.de/fileadmin/Dateien/3_Downloads/Gesetze_und_Verordnungen/GuV/C/Entwurf_COVID-19-Krankenhausentlastungsgesetz.pdf 10Current funding instruments
Further measures for rapid assistance to businesses in need
State-owned guarantee banks Large Guarantee Programme
• Deficiency guarantees for up to EUR 2,5 million • Default guarantees for amounts of EUR 50 million or
• For SMEs and freelancers in all sectors more
• Guarantee rate up to 80 • Guarantee rate of up to 80
• Express guarantees up to EUR 500 thousand • For companies throughout Germany
• For investments and working capital • For investments and working capital
• Application via house bank • Application via house bank
• Can be combined with other public funding • Can be combined with other public funding
Simplified risk assessment by KfW
• KfW waives its own risk assessment for loans of up to EUR 3 million; instead, the loan is assessed by its principal bank
• "Fast track procedure“: Approval within 5 days for loans between EUR 3-10 million
2020 Deloitte Source: https://www.vdb-info.de/aktuelles/pressemitteilungen/corona-krise-buergschaftsbanken-erweitern-unterstuetzung-von-kmu 11Current funding guideline
Call for proposals for research on COVID-19 in the wake of the Sars-CoV-2 outbreak
Contents Nature and scope of the support, conditions
Due to the current outbreak of the corona virus Sars-CoV-2, the BMBF is • Research institutions, institutions of the public health system and health
funding individual projects and, in justified exceptions, small research care as well as commercial enterprises are eligible to apply for funding
consortia (with up to three partners), which are oriented towards the
• Project support with the help of non-repayable grants
WHO's priorities and address the following points:
• the biology of the virus and its transmission; • Funding rate: up to 100 % of project-related expenditure/costs
• Animal and environmental research on the origin of the virus, including • Project volume up to EUR 500,000 per project
control measures at the human-animal interface;
• epidemiological studies; • The funding period is up to 18 months
• clinical characterisation and clinical management of diseases caused by
the virus
• infection prevention and control, including the best ways to protect
healthcare workers Application process
• Research and development of drugs and other therapeutic methods as
well as the development of new diagnostic approaches; One-step application procedure:
• accompanying research and ELSA research in connection with the
outbreak. • Submission of formal applications for funding (including project
outline, project description with exploitation plan, financing plan, etc.)
Funding is provided for projects in four modules: possible until 11.05.2020
1. Early clinical studies for the application of already approved therapeutic Responsible promoter:
approaches on Sars-CoV-2 DLR project management
2. Control of COVID-19 through new therapeutic and diagnostic approaches - Health research -
3. Research that contributes to the understanding of the virus and its Heinrich-Konen-Strasse 1
spread 53227 Bonn
4. Support of already ongoing research projects on corona viruses
2020 Deloitte Source: https://www.gesundheitsforschung-bmbf.de/de/10592.php 12Emergency aid from the federal states 2020 Deloitte 13
Germany - Support at Länder level
In addition to national funding, the federal states (Länder) grant various country-
specific initiatives, which are intended to benefit SMEs and the self-employed in
particular.
Schleswig-
Holstein
Mecklenburg-
Western Pomerania
Hamburg
Bremen
Brandenburg
Lower Saxony
Berlin
Saxony-
North Rhine- Anhalt
Westphalia
Saxony
Thuringia
Hesse
Rhineland -
Palatinate
Saarland
Bavaria
Baden-
Württemberg
Please click on the federal state to get to the corresponding program.
2020 Deloitte 14Germany - Support at Länder level
Baden-Württemberg - liquidity loan Bavaria - emergency aid Corona
Granting of working capital, liquidity and bridging finance: The Bavarian State Government supports affected SMEs and
freelancers in Bavaria with emergency financial aid. The
• Loan amount: EUR 10,000 to 5 million emergency aid is graded according to the number of people
in employment and amounts
• flexible duration between four and ten years
• up to 5 employees EUR 5,000,
• Can be combined with a guarantee • up to 10 employees EUR 7,500,
• up to 50 employees EUR 15,000,
• up to 250 employees EUR 30 000.
Target group: Freelancers and companies with max. 500
employees in BW Target group: Companies with up to 250 employees
with business or workplace in Bavaria
Applications are submitted via the Landeskreditbank
Submission of the application form to the relevant
Link: https://www.l- authorising authority
bank.de/produkte/wirtschaftsfoerderung/liquiditatskredit.html
Link: https://www.stmwi.bayern.de/soforthilfe-corona/
2020 Deloitte 15Germany - Support at Länder level
Berlin - liquidity support Hamburg - Hamburg Corona emergency aid
From now on liquidity aid can be provided to IBB: The emergency aid programme is aimed at freelancers and
SMEs in Hamburg who have run into liquidity bottlenecks that
• granting of rescue loans (up to EUR 0,5 million, interest-free)
threaten their existence due to the general disposition. This is
• Restructuring loans (up to EUR 1 million) done through direct, genuine grant funds in the amount of:
• Sectors previously excluded but affected (e.g. retail, catering, • EUR 11,500 (solo self-employed)
accommodation) will also have access to the programme
• EUR 14,000 (1-5 employees)
• EUR 20,000 (5-10 employees)
Target group: SMEs with permanent establishment in Berlin • EUR 25,000 (10-50 employees)
• EUR 30,000 (51-250 employees)
Submission of the application documents to the Investitionsbank
Berlin The number of employees is counted in full-time equivalents.
The key date for the calculation of the number of employees is
Link: https://www.ibb.de/de/foerderprogramme/liquiditaetshilfen- 11.03.2020.
berlin.html
Target group: self-employed and SMEs
Application via IFB Hamburg
Link: https://www.hamburg.de/coronavirus/13737132/2020-
03-19-bwvi-eckpunkte-schutzschirm/
2020 Deloitte 16Germany - Support at Länder level
Mecklenburg-Western Pomerania - Special state Lower Saxony - NBank liquidity support
guarantee programme for liquidity support
The Land of Mecklenburg-Western Pomerania provides The Land of Lower Saxony plans to introduce a credit
liquidity support in the form of repayable grants: programme and financial liquidity support:
• Up to EUR 20,000 (micro-enterprises and freelancers)
• Credit for maintaining solvency and financing working
• Up to EUR 200 000 (SMEs) capital
Loans up to EUR 20,000 are completely free of interest; for • Amount of the loan: 5,000 Euro to 50,000 Euro
larger loans the first year is free of interest, thereafter an
• The loan term is 10 years.
interest rate of 3.69% p.a. will apply. A residual debt
discharge after 36 months will be possible if the • The loan is interest-free for the first two years.
existence of the company is endangered.
Target group: SMEs and micro enterprises Target group: SMEs, micro-enterprises and self-employed
Procedure: GSA (simplified procedure), as of 01.04.2020
Link: https://www.nbank.de/Unternehmen/Investition-
Application reservation as of now
Wachstum/Niedersachsen-Liquiditaetskredit/index.jsp
Link: https://www.gsa-schwerin.de/leistungen/zuwendungen-
zur-vermeidung-von-
liquiditaetsengpaessen/antragsanforderung.html
2020 Deloitte 17Germany - Support at Länder level
Saxony-Anhalt North Rhine-Westphalia -
NRW.BANK.Universalkredit
• Securing loans totalling EUR 390 million
• Deferments: Granting of immediate interest-free Help with liquidity bottlenecks, financing of working capital
deferrals of capital service payments and investments. Release from liability in favour of the house
bank - from now on temporary for the duration of the
• Deferment of enforcement: waiver of enforcement crisis in addition to the existing 50% risk assumption
measures against affected companies until the end of the also an 80% risk assumption. The minimum loan amount
year. previously required for this will be suspended.
• Instruments for the event of insolvency: Granting of mass The following supplementary maturity variants are introduced
loans to maintain business operations in the context of to bridge the liquidity requirement:
insolvency (application) proceedings as well as for the
pre-financing of insolvency default money, applies exclusively • bullet loans with 2 and 4 years maturity
to SMEs. • Installment loans with 3, 4 and 5 year terms with the
optional possibility of 1 or 2 grace years
Target group: companies and private customers
Promotion by Investitions-/Bürgschaftsbank Sachsen-Anhalt via Target group: companies with an annual turnover of up to €
the local bank 500 million, founders and freelancers
Link: https://www.bb-mbg.de/index.php/fuer- Request via house bank
unternehmen/leistungen-fuer-unternehmen Link: https://www.nrwbank.de/de/foerderlotse-
produkte/NRWBANKUniversalkredit/15260/nrwbankproduktd
etail.html
2020 Deloitte 18Germany - Support at Länder level
Brandenburg - Emergency aid Corona Bremen - Corona emergency aid programme
Brandenburg
Micro-enterprises with up to 10 employees or up to EUR 2
Non-repayable grant for companies with million annual turnover in Bremen and Bremerhaven, which
have run into economic difficulties due to the effects of the
• up to 2 employees: up to EUR 5,000 coronavirus, can receive emergency aid of up to EUR
• up to 5 employees: up to EUR 10,000 5,000 (in special cases up to EUR 20,000) under the
• up to 15 employees: up to EUR 15 000, simplified procedure.
• up to 50 employees: up to EUR 30 000,
• up to 100 employees: up to EUR 60,000
Target group: Especially self-employed and micro-
Target group: Brandenburg's medium-sized companies enterprises in Bremen and Bremerhaven
and freelancers in financial distress
Applications to be submitted from 23.03.20 | 12:00 Bremen:
Application to the Investment Bank of the State of BAB or Chamber of Commerce or Bremerhaven: BIS
Brandenburg
Bremerhaven
Link: https://www.ilb.de/de/covid-19-aktuelle- Link: https://www.bab-
informationen/aktuelle-unterstuetzungsangebote bremen.de/stabilisieren/beratung/task-force.html
2020 Deloitte 19Germany - Support at Länder level
Saarland - Emergency aid programme for Saxony - Special programme for micro-
SMEs enterprises
For small enterprises and freelancers with up to 5 employees
In order to bridge the period until the expected federal who are in financial difficulties due to the coronavirus,
programme takes effect, a conditionally repayable grant is to liquidity support loans are to be made available on the
be made available, staggered according to the number of following terms:
employees (full-time equivalent): • Credit volume up to EUR 50,000 (in exceptional cases up
• EUR 3,000 emergency aid (0-1 employees) to EUR 100,000)
• Interest-free
• EUR 6,000 emergency aid (up to 5 employees)
• Subordinated, i.e. no collateral required
• EUR 10,000 emergency aid (up to 10 employees) • Repayment free in the first three years
Payment shall be made immediately after the emergency aid
Target group: Micro enterprises and freelancers in
has been granted.
Saxony
Target group: SMEs and self-employed persons in
Saarland with a maximum of 10 employees Application via the Sächsische Aufbaubank (SAB)
Link: https://www.saarland.de/SID-5A93488C- Link: https://www.coronavirus.sachsen.de/unternehmen-
D6D5F9F6/254639.html arbeitgeber-und-arbeitnehmer-4136.html#a-4478
2020 Deloitte 20Germany - Support at Länder level
Schleswig-Holstein - SH financing initiative Thuringia - Consolidation Fund
In order to stabilise the strained economic situation caused In order to support the companies affected by Corona, the
by Corona, especially for SMEs, fast and easy access to existing directive was adapted:
finance is to be guaranteed: • Increase of the maximum loan amount to EUR 2
million (previously maximum EUR 1 million)
• Financing loans up to EUR 2 million volume of funding,
• Opening up for the entire commercial sector including the
up to EUR 750,000 the application is reviewed in an
hotel and catering industry, trade fair services and
express procedure
business-related liberal professions
Limited until 31.12.2020 • simplified application procedure for all loan applications
(previously up to a maximum of EUR 500,000)
• up to 2 years redemption-free
Target group: SMEs in Schleswig-Holstein
Application via the financing coordinators, guarantee bank, Target group: SMEs in Thuringia
IB.SH or MBG Application via the Thüringer Aufbaubank
Link: https://wtsh.de/wp- Link:
content/uploads/2020/03/Infoblatt-SH- https://aufbaubank.de/Foerderprogramme/Konsolidierungsfo
Finanzierungsinitiative-17.03.2020.pdf nds
2020 Deloitte 21Germany - Support at Länder level
Hesse - Liquidity support for small and Rhineland-Palatinate - planned programme:
medium-sized enterprises in Hesse "Strong companies Rhineland-Palatinate”
WIBank provides a loan amount of between EUR 5,000 and Immediate loan of the country to apply for via the house
200,000 per final borrower. Financing is provided in the form bank. Maturities of 6 years and a 90 percent release from
of a subordinated loan at WIBank's full risk, for which no liability of the house bank are planned. The period until
standard bank collateral is required. Two maturity variants are 31.12.2021 is free of repayment. Repayment is possible at
offered: any time at the borrower's request.
The maximum amounts for the immediate loan are graduated
• two years with final repayment
as follows
• Five years with a two-year grace period, thereafter • up to 10 employees: EUR 10,000
redemption in equal quarterly instalments at the end of
• up to 30 employees: EUR 30,000
each quarter
Companies with 11 to 30 employees will receive an additional
Target group: SMEs according to current EU definition in
subsidy of 30 percent of the loan amount.
Hesse
The development loan is granted in the house bank procedure. Target group: Companies with up to 30 employees
Link:
Link:
https://www.wibank.de/wibank/liquiditaetshilfe/liquiditaetshilf
https://www.pfalz.ihk24.de/servicemarken/corona/zukunftsfo
e-fuer-kleine-und-mittlere-unternehmen-in-hessen-521692
nds-starke-wirtschaft-rheinland-pfalz-4744168
In the above overview, only funding initiatives of the Länder are presented, which were newly created or adapted due to
the corona crisis. In addition to these newly introduced aid measures, the existing public funding and financing
instruments continue to be available in the respective federal states.
2020 Deloitte 22Contact 2020 Deloitte 23
Your Contacts
Deloitte Global Investment and Innovation Incentives (Gi³)
Dr. Sebastian Lange Lukas Lechner
Director Manager
Global Investment and Innovation Global Investment and Innovation
Incentives Incentives
Berlin Hamburg
T +49 30 25468 5173 T +49 40 32080 4229
M +49 151 182 93720 M +49 151 580 75882
seblange@deloitte.de llechner@deloitte.de
Dr.-Ing. Maksim Danilov Finn Petersen
Consultant Professional
Global Investment and Innovation Global Investment and Innovation
Incentives Incentives
Hamburg Hamburg
T +49 40 32080 4506 T +49 40 32080 4493
M +49 151 580 75512 M +49 151 580 73374
mdanilov@deloitte.de fipetersen@deloitte.de
2020 Deloitte 24Your Contacts
Deloitte Legal
Felix Felleisen Sebastian Schnitzler
Partner Counsel
Legal Legal
Corporate/M&A Procurement & Competition
Düsseldorf Hamburg
T +49 211 8772 2553 T +49 40 3785 3837
M +49 172 866 9732 M +49 151 5800 2155
ffelleisen@deloitte.de sschnitzler@deloitte.de
Dr.-Ing. Maksim Danilov Finn Petersen
Consultant Professional
Global Investment and Innovation Global Investment and Innovation
Incentives Incentives
Hamburg Hamburg
T +49 40 32080 4506 T +49 40 32080 4493
M +49 151 580 75512 M +49 151 580 73374
mdanilov@deloitte.de fipetersen@deloitte.de
2020 Deloitte 25This presentation contains general information only, and none of Deloitte GmbH Wirtschaftsprüfungsgesellschaft or Deloitte Touche Tohmatsu Limited (“DTTL”), any of DTTL’s member firms, or any of the foregoing’s affiliates (collectively, the “Deloitte Network”) are, by means of this presentation, rendering professional advice or services. In particular this presentation cannot be used as a substitute for such professional advice. No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this presentation. This presentation is to be treated confidential. Any disclosure to third parties – in whole or in part – is subject to our prior written consent. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/de/UeberUns for a more detailed description of DTTL and its member firms. Deloitte provides audit, risk advisory, tax, financial advisory and consulting services to public and private clients spanning multiple industries; legal advisory services in Germany are provided by Deloitte Legal. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and high-quality service to clients, delivering the insights they need to address their most complex business challenges. Deloitte’s approximately 312,000 professionals are committed to making an impact that matters.
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