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Wiesbaden (dpa / lhe) - In the corona crisis, the demand of Hessian companies for state investments has risen sharply.
Beteiligungs-Managementgesellschaft Hessen GmbH (BMH) recorded an increase in inquiries of almost 50 percent in 2020 compared to the previous year.
This was announced by the subsidiary of the Hessen Economic and Infrastructure Bank in Wiesbaden.
A total of 76 new participations were promised in the past year, surpassing the previous year's record of 67 participations.
The approved total participation volume of 28.9 million euros was also significantly higher than the previous year's 23 million euros.
BMH provides Hessian companies from almost all sectors with investments through various funds to strengthen their equity.
"The high number of financed start-ups and companies in the early development phase is also very encouraging," said BMH Managing Director Jürgen Zabel.
In 2020 as a whole, 50 investments for a total of 20.4 million euros were promised in this division.
"Equity financing is becoming more and more important in business development, because here the state assumes part of the high entrepreneurial risk for a limited time," said Economy Minister Tarek Al-Wazir (Greens).
This is particularly important for start-ups.
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"In the Corona crisis, many Hessian companies lost their self-financing power through no fault of their own or no longer had any collateral for taking out loans," said the Minister of Economic Affairs.
Among other things, the state is helping with investments to get as many healthy businesses as possible through the crisis.
During the Corona crisis, Hesse launched special participation programs with a volume of up to 50 million euros to stabilize small and medium-sized companies, said Finance Minister Michael Boddenberg (CDU).
These are widely used.
© dpa-infocom, dpa: 210122-99-124792 / 2
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