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The Berlin Senate wants to boost the economy and culture with 330 million euros

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The Berlin Senate wants to support the economy and culture with a total of around 330 million euros when most of the corona restrictions are lifted.

Around 190 million euros will flow to particularly affected areas such as gastronomy, retail and the fair industry, as Mayor Franziska Giffey (SPD) said together with the two senators Stephan Schwarz (independent, economy) and Klaus Lederer (left, culture), announced Monday. The remaining 40 million euros will go to private cultural institutions such as clubs and discos.

The money should come from the double budget for this year and next, which still needs to be approved by Parliament. The investment package also includes financing programs with which the Senate supported culture and business even before the coronavirus crisis.

“These are partially existing formats that have now been geared towards rebooting,” said Economy Senator Schwarz. “But most of the shows out there are actually completely new formats.”

With the millions, the Senate wants to help capital companies in crisis to recover a perspective that goes beyond mere economic survival. “Now it’s about reconnecting with old growth paths and showcasing the economic potential of this city,” Schwarz emphasized.

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Therefore, one of the programs contained in the package is aimed at investment incentives for companies: the Senate wants to subsidize around 30 percent of investments for small and medium-sized companies. Tourism and the fair industry will also be supported with marketing programs. In the cultural sector, Senator Lederer promised that the new funding would go beyond the previous pure liquidity support. Instead, they aimed to restart cultural projects.

The new funds are still subject to budget reserves. Parliament is expected to decide in June. (dpa)

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