Germany Fund: “Growing ideas in Germany”
With the newly launched “Germany Fund”, the Federal Government and KfW are generating impetus for more private investment in fields of key future relevance.
Berlin (dpa) - The German government has launched a “Germany Fund” to mobilise more investment from private and municipal companies. The idea is for state-backed private capital to be channelled into new technologies and production facilities, into expanding renewable energies, heat networks and power grids, into extracting resources and into artificial intelligence, biotechnology and defence. The Federal Government is making 30 billion euros available for this purpose, primarily in the form of guarantees, said Finance Minister Lars Klingbeil. This should stimulate investments of around 130 billion euros.
“The Germany Fund can hedge risks and thus ensure that the best ideas are born in Germany and can also grow here,” Klingbeil said. This will provide companies with more favourable loan conditions. “What is crucial is to direct private capital specifically to where innovation is created, where we can make our supply chains more resilient and make Germany fit for the future,” stressed Economics Minister Katherina Reiche.
