In the construction industry, for example, promotion can include the financial support of construction projects by government institutions or the provision of funding for research and development.
In general, promotion means the provision of financial or other resources to support a specific cause. In a broader sense, promotion can also mean supporting individuals or groups in their development or progress.
In Austria, there are a large number of subsidies for the construction and renovation sector. Housing subsidies are the central subsidy for building in Austria and are usually directly linked to the energy performance certificate. The subsidies can relieve some of the financial burden. There are also subsidies for commercial buildings built in an energy-efficient manner.
Funding from institutions such as the EU or the Austrian Research Promotion Agency enables the Zukunftsagentur Bau to carry out a wide range of research projects in the construction sector.
