Switzerland To Provide CHF100 Million To Renovate Mountain Hotels
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Bund hilft mit 100 Millionen bei Sanierung von Berghotels
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Read more: Bund hilft mit 100 Millionen bei Sanierung von Bergh
With this stimulus programme, the government aims to trigger a surge in investment in mountain regions, as it announced on Wednesday. Only accommodation providers that have undergone exemplary energy-efficiency refurbishment will be eligible to benefit from the funds.
The funds are set to be disbursed between 2028 and 2035. The stimulus programme will be implemented by the Swiss Hotel Credit Society (SGH), which is funded by the federal government.
Mandate from ParliamentWith this stimulus programme, the government is responding to a mandate from Parliament. Parliament had called for such a programme, arguing that many mountain accommodation providers lack the equity capital needed for investment. Many face difficulties in obtaining loans from banks according to statements made during a House of Representatives debate in September 2021.
More More Turning Switzerland's tiniest municipality into a hotelThis content was published on Aug 5, 2017 The picturesque village of Corippo in Ticino's Verzasca Valley is transforming itself into a hotel.
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