Vienna strengthens small businesses: U-rail aid increases up to 25,000 euros!

Vienna strengthens small businesses: U-rail aid increases up to 25,000 euros!

Wien, Österreich - The City of Vienna realizes a significant increase in the subway aid to help small companies during the expansion project of the U2 and U5 underground lines. As the Wiener Presse increased. This means that companies with fewer than 50 employees can apply for up to 25,000 euros to cover their rental costs and for sales increase projects. In addition, the funding amount for rental costs was increased from 50 to 60 percent.

City Councilor Peter Hanke emphasized the importance of this initiative: "It is crucial that we not only support the companies along the subway construction sites, but also appreciate their outstanding performance accordingly despite the difficult framework." Adjusted funding quotas now enable companies to apply for 15,000 euros for rental costs and 10,000 euros for initiative projects. The business agency emphasizes that 555 applications have been granted since the start of the subway help, which has been illustrated by the continued relevance of this support.

flexible support for affected companies

The subway construction sites often provide noise and dust, which puts many companies under pressure. In order to counter this challenge, funding is quickly and unbureaucratically designed. Applications can be submitted throughout the construction period, and this year 120 applications have already been approved. The support is aimed at commercial companies in all industries with a maximum of 50 employees that are based on the ground floor zone of the construction sites. The financing extends to rental costs, purchases of devices, structural measures and other initiatives to increase sales during the construction phase.