Hamburg to pay out hardship assistance for SMEs

5 April 2023
Subsidies for higher electricity and gas costs now available

Applications for energy hardship assistance can now be submitted to the Hamburgische Investitions- und Förderbank (IFB) until June 30, 2023. The monies are being paid out from April 3 to June 30, 2023. The Ministry for Economics is making federal funds available for special cases. SMEs whose electricity and gas costs had tripled between from June to November 2022 over the same period in 2021 are eligible to apply.

Aid for SMEs 

"We have achieved more predictable energy costs for the economy via the the price brakes for grid-based energy sources. The latest hardship assistance helps companies hit by significant price increases last year," said Melanie Leonhard, Senator for Economics. "Hardship assistance for SMEs and other support services cushion the financial impact of the energy crisis for those affected in the corporate sector," said Andreas Dressel, Minister for Finance.

Paying out aid 

"Since the pandemic began three years ago, we have disbursed around EUR 3.5 billion in aid and, above all, mitigated the negative consequences and brought the city well through the crisis," said Ralf Sommer, CEO of IFB Hamburg. The aid is paid out as a grant amounting to twice the advance payment or twice the monthly invoice (total amount excluding VAT in November 2022). A de minimis limit of EUR 2,000 applies. The aid will only be paid out, if the minimum amount has been reached.


Sources and further information

IFB Hamburg

The Hamburgische Investitions- und Förderbank (IFB Hamburg) supports housing and economic development as well as environmental protection and innovation projects. IFB Hamburg is the main point of contact for private individuals, companies and institutions in Hamburg and advises about all of Hamburg's funding offers and those of the German government and the European Union. More information can be found on:

Similar articles

Event series for companies on saving energy starts in Hamburg

Tips for SMEs on how to save energy in 21 webinars

"Hamburg Digital" earmarks EUR 10 million for digitisation of SMEs

More consultancy and investment services in IT sector

SMEs to work on circular economy in Hamburg's latest hub

"Circular Hub Nord" to bring companies and economic stakeholders together
The Consent Management Platform ( we use could not be loaded. This can happen if AdBlockers incorrectly block this URL. Some features such as maps, proximity search or forms, cannot be used this way. To use these features, please deactivate your AdBlocker or allow access to *