Apply for funding for youth hostels
Source: BUS Rheinland-PfalzYou can receive funding from the Federal Employment Agency for the conversion, modernization, extension, new construction and equipping of a youth hostel. It can support your project either as a pro rata interest subsidy or as a pro rata one-off grant.
You can receive funding for the following measures:
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Conversions and modernization work such as:
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Thermal insulation and other energy-saving measures
- Note: Excluded are measures that can also generate income (e.g. solar systems or combined heat and power plants that also feed electricity into the public grid)
- Elimination of structural defects
- Improvement of the layout and functional processes of the apartments
- Sound insulation measures
- Improvement of water supply and disposal,
- Improving the power supply
- Accessibility measures
- Internet access
- Fire protection measures
- Implementation of safety standards
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Thermal insulation and other energy-saving measures
- New building
- Extension of a hall of residence
- New equipment
Special features for the respective form of grant:
Interest subsidy
You can receive an interest subsidy to reduce the cost of a loan. The relevant Operative Service at the Bochum Employment Agency will be happy to explain the specific calculation of the subsidy amount to you.
One-off subsidy
The amount of the subsidy is 35 percent and in special cases a maximum of 40 percent. The subsidy is limited in time.