Thuringia is launching an 80 million euro fund for industrial locations

Thuringia is launching million-dollar aid offers to secure industrial sites and cope with structural change. Economics Minister Colette Boos-John (CDU) announced at a meeting of the Thuringian Pact for Growth and Employment in Gera that a transformation and a growth fund with a total volume of 80 million euros would be launched. The money is intended for company investments and thus as a capital injection, for example for investments in new products or markets.

“In this way, we are opening up additional financing options for Thuringian companies and mobilizing private capital for more investments in the Free State,” said the minister. Companies would be given additional opportunities to finance future investments and strengthen their competitiveness in the face of structural change. Thuringia needs growth, good jobs and a state that makes economic development possible, explained Prime Minister Mario Voigt (CDU).

Company investments planned from 2027

The funds are to be located at Thüringer Industrie Beteiligungs GmbH, a subsidiary of Aufbaubank. According to the ministry, they will start at the beginning of 2027.

During the negotiations on the double budget for 2026/27, the Left parliamentary group insisted on a transformation fund with a volume of 70 million euros. Your parliamentary group leader Christian Schaft explained that “the state government is finally bringing in the urgently needed funds to save jobs.”

Employees who were worried about their jobs would have had to wait far too long. The Left demanded that works councils and unions be involved in the debate about financial aid. “The money must be used to secure good work, employment and locations as well as the development of sustainable value creation in Thuringia,” demanded Schaft.