Grenkeleasing and NRW Bank – the development bank for Germany’s
richest state of North Rhine-Westphalia – have signed an agreement
to support local SME-sized businesses.

This is a “first” for the German market, where
leasing and public funding go hand in hand, the two companies have
said.

The agreement allows preferential financing to
firms which intend to lease IT and office equipment with
Grenkeleasing.

Eligibility criteria include that firms are
based in North Rhine-Westphalia and have an annual turnover of
up to €500 million.

The contracts that can be financed can have
any duration between 1 and 7 years. The scheme runs until the end
of August.

Antonio Fabrizio

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