Even given the comprehensive set of tasks taken on by the IBA Urban Redevelopment 2010, the federal state of Saxony-Anhalt failed to provide separate financial resources. Of an investment sum of 206.9 million Euro, 121.9 million came from the Urban Re-development East programme (national and federal share) and 19.4 million from the European Regional Development Fund (ERDF) 2007 – 2013. An additional sum of 40.6 million was sourced from the budgets of the cities, and private investors contributed around 25 million.
With the supplementary budget for 2002, the Landtag of Saxony-Anhalt has made a sum of one million Euro available annually from 2003 to 2010 for the IBA Urban Redevelopment. This is to be invested in of the general management of the exhibition and on the supervision of individual projects.
IBA project funding
However, the IBA is not a funding programme. The projects are funded on the ground and across the board from current funding programmes, including the federal urban redevelopment programme “Stadtumbau Ost”. Within the scope of these funding programmes, the government has chosen to prioritise the funding of IBA projects.
Alongside the cities, the international cooperation partners, and the chambers, associations and institutions represented in the board of trustees and the steering committee, the IBA Office strives for active collaboration with private and public partners for the realisation of projects, and for the funding of IBA activities.
Over the course of the IBA Urban Redevelopment 2010, the available funding was enhanced by a range of diverse resources, above all by the outstanding voluntary commitment of citizens and the associates of diverse institutions, whose main responsibilities lie outside the sphere of urban development. The relatively nominal funding of the IBA and the use of non-monetary resources was therefore an important element in the experimental approach to the problem of socio-economic and demographic transformation. By these means too therefore, the IBA Urban Redevelopment 2010 faced up to the realities of “Less is Future”.