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Saxony Unveils ‘Zukunftspaket I’ to Cut Red Tape and Support Business

The plan shifts focus to state rules to speed up funding for investment.

Overview

  • Saxony’s economy minister Dirk Panter launched the first “Zukunftspaket” on Monday, saying stagnation pushed the state to act to protect value creation and jobs.
  • Simpler rules for GRW, the federal‑state program for regional investment aid, would end extra Saxon add‑ons so grants reach companies and towns faster.
  • The government plans to raise the threshold for simplified public buying to €50,000 and to give the state development bank SAB more say on big joint loans to shorten approval times.
  • Support for the trades includes lifting the Meisterbonus to €3,000 in 2026 and putting €11 million into shared vocational training centers to help with handovers as roughly 40% of owners are over 55.
  • Early steps include shredding about 1.4 kilometers of old EU‑ESF project files to save roughly €150,000, while goals like 24‑hour company registration still hinge on new digital systems and follow‑through that business chambers say must come next.