Apply for funding for youth hostels
Source: BUS Rheinland-PfalzYou can receive funding from the Federal Employment Agency for the conversion, modernization, expansion, new construction and equipping of a youth residence. It can fund 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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Remodeling and modernization work such as:
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Thermal insulation and other energy-saving measures
- Note: Measures that can also generate income (for example, solar systems or combined heat and power plants that also feed electricity into the public grid) are excluded.
- Elimination of structural defects
- Improvement of the layout and functionality of the apartments
- Sound insulation measures
- Improvement of water supply and disposal,
- Improvement of the power supply
- Measures for accessibility
- 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 dormitory
- new equipment
Specifics for each type of grant:
Interest subsidy
You can receive an interest subsidy to reduce the cost of a loan. The responsible Operative Service at the Bochum Employment Agency will be happy to explain the concrete calculation of the grant amount to you.
One-time grant
The amount of the subsidy is 35 percent and in special cases a maximum of 40 percent. The subsidy is limited in time.