In its settlement meeting on the budget plan on 14 November 2019, the German Bundestag has also decided to fund several Hamburg-based cultural projects. Reeperbahn Festival was considered with a subsidy of more than 20 million euros.  

Alexander Schulz, Managing Director of Reeperbahn Festival comments:
"We are very pleased about the additional long-term funding which will enable us to further strengthen the positioning of Reeperbahn Festival nationally and internationally, to install relevant sub-projects, and to further optimise successful existing modules. 

The resolution, effective until 2024, will provide planning security for the next five years, thus guaranteeing immense added value for concrete additional programme-related measures. This includes, among others, the gender-balance project Keychange, for which we intend to assign a study on the status quo of gender equality, as well as the extension and medium-term safeguarding of the Music Business Summerschool as the most important further training and qualification module for industry professionals in Germany.  

I am very pleased that in future we can further develop our spin offs Reeperbahn Festival International, a feature supported by the Federal Foreign Office under the title Förderung Musikwirtschaft International (promotion of the international music industry), with editions in New York, Nashville, Beijing, Los Angeles and Ghana in order to enable German and European enterprises active in the music business and their artists to enjoy business-related, sustainable international exchange. 

We would like to extend our thanks to the Federal Government Commissioner for Culture and the Media, Monika Grütters, to the Federal Minister for Foreign Affairs, Heiko Maas, to the head of the Department of Culture and Communication at the Federal Foreign Office, Andreas Görgen, and to the member of the Bundestag, Johannes Kahrs, in charge of the district Hamburg-Mitte, who once again has rendered a great service for the cultural landscape of Hamburg and consequently also for Reeperbahn Festival."