LfA Förderbank Bayern is a German regional development bank for the German state of Bavaria. It was established by law of 1950/12/07, initially as Landesanstalt für Aufbaufinanzierung (LfA),[1] which makes it the oldest of the Förderbanken. It is headquartered in Munich.[2]
History
LfA started operations on 1951/05/01.[1] It provides financing for start-ups, environmental protection, and other areas deemed of public interest. It does not compete with commercial banks but co-lends or co-invests with them and provides guarantees. It also controls investment companies, namely BayBG Bayerische Beteiligungsgesellschaft mbH and Bayern Kapital GmbH.[3]
In July 2021, the latter was entrusted with the management of a €200 million scale-up fund at the initiative of the Bavarian state government.[4]