With this form of support for the economy the State capital of St. Pölten is principally targeting small and medium-sized businesses and new start-ups.
A piece of real property in the State capital of St. Pölten will be granted to the investor in the form of a right to build. Thanks to the granting of this right to build, it is not necessary to introduce third party capital so as to acquire a plot of land. After a minimum of two years from the granting of permission for commercial use by the authorities, the real property may be purchased.

Who is entitled to this support?

Small and medium-sized businesses and new start-ups.

In principle large businesses have the required capital and suitable financing opportunities available. If however a large business wishes to move to/expand in the area on the basis of the granting of a right to build, the granting of the right to build will be considered in the event that certain conditions making the proposal attractive are fulfilled (e.g. creation of a certain number of jobs).

Conditions:

• Innovative companies from growth sectors
• High technology companies
• Handicraft and service businesses with potential
• Conditions for this are the new construction of buildings that may also be used or exploited in another way in the event of any subsequent required use.

Sectors:

Commerce/handicrafts/industry/
Information & consultancy/services

Exception:

Wholesale and retail trade

Basic data on the right to build contract:

• Land price: Euro 50,-/m²
• Interim interest: Euro 1,25/m²
• Duration: 50 years
• Purchase option: after a minimum of two years from the granting of permission for commercial use by the authorities