*This article was first published in the “Wirtschaftskanzleien” supplement of the Börsen-Zeitung and is reproduced here with the publisher’s permission. Special funds have evolved from crisis instruments into economic policy financing tools – including Germany’s Special Fund for Infrastructure and Climate Neutrality (Sondervermögen, SVIK). With a volume of EUR500 billion over twelve years, it is intended to support targeted investments in digitalisation, the energy transition and infrastructure.