by Frank Grell, Dr. Jörn Kowalewski, Dr. Ulrich Klockenbrink

Due to the already existing and upcoming multiple business challenges caused by COVID-19, there will be a strong demand for additional financing throughout the German and European economy. The German government announced on 13 March 2020 that “unlimited funds” will be provided and “all weapons” will be put on the table to support and stabilize the economy. A key measure of the announced government program is an expansion of the already existing KfW financing program. However, there are still substantial challenges to obtain respective state aid financing.