For the former, your time, we don't have a solution. For the latter, the money, we do. The government has extended the already existing guarantee scheme (BMKB) especially for sustainability investments. In short, it means that the government partly guarantees the financing to be provided by the bank. This makes it more attractive and less risky for the bank to finance such investments. The BMKB-Green scheme is broader than the long-standing guarantee scheme. Green investments are defined as:
- Business assets as included in the EIA energy list. These include high-efficiency air heaters, making an existing commercial building more energy-efficient, insulating glass, but also lightweight rims under trucks that reduce consumption.
- Other funds associated with those energy investments (maximum 50% share).
- Retrofitting or replacing business premises to at least Label C.
The BMKB-G differs positively from the existing scheme in a number of ways:
- Duration of funding up to 12 years.
- Lower commission (2 to maximum 3% depending on maturity).
- Guarantee is not 50% but 75% of the credit amount.
Guarantee and subsidy
In addition to this guarantee, it is often possible to get subsidies on green investments. This is a separate route assessed by RFO. The BMKB-G scheme is only open to SMEs with up to 250 employees. Furthermore, a number of business groups are excluded. These are notably agricultural companies, financial institutions and real estate companies.
How to apply?
To apply for BMKB-G financing, you can contact the well-known major banks, but also a number of non-bank financiers.
