Polish companies will receive approximately PLN 140 billion from EU funds in 2021-2027

by   CIJ News iDesk III
2021-09-15   10:03
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The enterprise sector will receive approximately PLN 140 billion in current prices from EU funds in the years 2021-2027, according to the Regulatory Impact Assessment (RIA) for the draft act on the principles of implementation of tasks financed from European funds in the perspective of financial 2021-2027. It was assumed that almost half of this amount will go to the sector of micro, small and medium-sized enterprises, and the other half to large enterprises.

The need to develop a new law results from the launch in 2021 of a new, seven-year perspective of financing the cohesion policy from the European Union budget, based on a new package of EU legal acts regulating the principles of implementing this policy. The project is currently at the stage of the Legal Affairs Committee.

"Based on the experience from the implementation of the 2007-2013 and 2014-2020 perspectives, it was assumed that the enterprise sector would receive EU funding in the amount of approximately PLN 140 billion in current prices, i.e. approximately PLN 129 billion in 2020 prices. It was assumed that half of the of the above-mentioned funds will go to the sector of micro-, small and medium-sized enterprises, and half - to large enterprises. Calculation parameters: exchange rate of EUR 1 = PLN 4.5, deflator - 2%," announced RIA.

As assumed in RIA, in the 2021-2027 perspective, the micro, small and medium-sized enterprises sector should receive PLN 64,116.2 million, the same amount as large companies. Whereas to households PLN 13,369.5 million.

The estimated financial effects correspond to the forecasted amount of non-returnable financial transfers that will go to the enterprise sector, as well as families and households as part of projects and programs. The starting point for the presented calculations were the data on the actual expenditure of funds under the 2014-2020 perspective, adjusted with planned changes in the amount of available allocation and the directions of intervention in the 2021-2027 perspective.

According to the RIA, the act will have a positive impact on the competitiveness of the economy and entrepreneurship, including the functioning of entrepreneurs and on the family, citizens and households.

The support granted will contribute to the sustainable growth of the Polish economy and will allow for positive structural changes (i.e. higher innovation, greater complexity of the economic structure, increased share of industry and knowledge-intensive services, increased complexity of products and services, improved competitiveness of sectors traditionally considered to be low-use areas). knowledge and technology, and ultimately a higher ability to create high-quality jobs), which in turn will translate into an increase in the level and quality of life of residents, it stated.

Financial support for families, households and housing communities is to consist, among others, in co-financing the exchange of heat sources, increasing the energy efficiency of residential buildings and installing renewable energy installations. In the case of single-family buildings, the funds will be included in the Clean Air program, in the case of multi-family housing in the Thermomodernization and Renovation Fund.

Source: RIA and ISBnews