Record year for MBG Baden-Württemberg and Bürgschaftsbank
Sophie Deistler
| 18.03.2022
In 2021, Mittelständische Beteiligungsgesellschaft Baden-Württemberg and Bürgschaftsbank supported more start-ups than ever before. The reason for this is, of all things, the Corona pandemic.
Baden-Württemberg's Bürgschaftsbank and Mittelständische Beteiligungsgesellschaft Baden-Württemberg can look back on a record year. Last year, MBG supported 125 projects with over 68 million euros. Bürgschaftsbank even supported 2126 projects with a volume of 665.3 million euros.
The large number of subsidies is mainly due to the Corona subsidies from the federal and state governments. These were repeatedly extended last year and will now end on April 30 of this year. Compared to 2020, however, the number of approved liquidity financings at the guarantee bank fell by 16.5 percent. The reason: shortly after the start of the pandemic, many companies had needed short-term liquidity financing from the Bürgschaftsbank. Demand then fell with the introduction of bridging assistance.
Despite the pandemic, many new start-ups were founded last year. Through the Startfinanzierung80 program, Bürgschaftsbank, together with L-Bank, supported nearly 1,000 start-ups. The banks granted loans totaling 80 million euros.
At Mittelständische Beteiligungsgesellschaft Baden-Württemberg, the volume of investments doubled from 33 million euros in 2020 to 68 million euros. The Mezzanine Investment Program BW accounted for 31 million euros of this total. Through the program, start-ups can receive investments and silent participations up to a maximum of 1.8 million euros. This enabled liquidity bottlenecks to be cushioned.
"Bürgschaftsbank and MBG were able to cushion the burdens imposed on many small and medium-sized enterprises by the corona-related restrictions through their outstanding commitment during the crisis. The fast and unbureaucratic help in providing companies with loans to secure liquidity helped and continues to help many companies decisively to overcome the crisis," summarizes Patrick Rapp, State Secretary in the Ministry of Economics.
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State Bank of Baden-Württemberg. It supports the state with development programs for companies, housing, families and municipalities.
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