Master Craftswoman/Craftsman Start-up Bonus: Promotion of the trade

The state of North Rhine-Westphalia wants to promote master craftsmen and women. As a grant, there is, for example, the Master Craftswoman/Craftsman Start-up Bonus (MGP), which promotes business start-ups or company takeovers and investments.

The Master Craftswoman/Craftsman Start-up Bonus is paid to master craftswomen and men who are setting up a business for the first time, taking over a business or taking a majority stake in a trade business. North Rhine-Westphalia offers an investment grant of 7,500 euros as a grant under certain conditions (status: August 2020).

It is important that the application is submitted before the takeover, establishment or investment.

The bonus is granted by the State Trade Promotion Agency of North Rhine-Westphalian Crafts (LGH). It also pays out the funds for the state of North Rhine-Westphalia.

Further information and the opportunity to submit an application for the MGP can be found here (in German only).