Annual Report 2021: Facts and Figures (Bürgschaftsbank and MBG Baden-Württemberg) (MBG Baden-Württemberg)

Summary

• German private equity and venture capital investments totalled €12.6 billion in 2021, a decline of 16% from €15.0 billion.p.23
• Venture capital investment reached a record of almost €4.0 billion, more than doubling the previous year's €1.9 billion.p.23
• Nationwide, the MBGs approved 650 participations (+20%) with a volume of €291 million (+55%).p.24
• MBG Baden-Württemberg supported 125 projects (previous year 99), and volume of over €68 million more than doubled from over €33 million.p.25
• Bürgschaftsbank Baden-Württemberg approved a guarantee volume of €426.3 million (previous year €461.8 million, -7.7%).p.7
• German guarantee banks supported 5,231 projects, 21.2% fewer than the year before, with a volume of about €1.95 billion.p.6
• Eligible own funds of Bürgschaftsbank were €151.8 million (previous year €150.6 million, +0.8%).p.9

Key insights

1. German GDP grew by 2.9% in 2021, and Baden-Württemberg's economy by 3.4%.p.3
2. Baden-Württemberg's goods exports rose 16.9% to a record €221.7 billion.p.4
3. 63% of all approved projects of the guarantee banks in 2021 were business start-ups, about 3,300 projects, compared with 47% in 2020.p.6
4. Bürgschaftsbank approved 971 start-ups with a guarantee volume of €118.0 million (previous year 874; €94.9 million).p.7
5. The Mezzanine-Beteiligungsprogramm BW reached an approval volume of almost €31 million (previous year €7 million).p.25
6. Approvals for business start-ups at MBG rose from 23 in the previous year to 55.p.25
7. Participation volume in the succession program fell by 70.4% to €2.6 million.p.25
8. MBG Baden-Württemberg approved 21.5% of the Pillar II volume of €30.6 million of the MBGs nationwide.p.24
9. For 2022 Bürgschaftsbank expects new guarantee approvals of up to €350 million and a default rate of 1.5%.p.12