State Investment Promotion Fund has been headed by Daniel Ryšávka since May

Daniel Ryšávka has been the new director of the State Fund for Investment Support (SFPI) since the beginning of May. He joins the fund from the National Development Bank. Karolína Smetanová, SFPI's communications director, it was announced today. Ryšávka succeeded Hana Pejpalová, who headed the fund since December 2018.

Ryšávka, 45, was sworn in today by Regional Development Minister Ivan Bartoš (Pirates). The new director announced that he wants to focus on finding new tools and programs to increase housing affordability for young families, seniors, employees in needy professions and people with low incomes. "I see this as a top priority that I will try my best to promote," Rysavka said.

Ryšávka has been working on the topics of promoting public investment, sustainable regional development and social and affordable housing since his studies, Smetanová said. He graduated from Masaryk University in Brno and the French school for top civil servants, École nationale d'administration (ENA) in Strasbourg. He worked at the French Ministry of Defence and at Erste Group Bank in Brussels.

At the National Development Bank, Rysawa worked on the preparation of financial instruments and public investments for affordable housing under the responsibility of the Ministry of Regional Development. SFPI recently launched a new programme to support rental housing, which is expected to distribute CZK 800 million in grants and loans. Around 300 rental flats could be created, mainly municipal flats. By 2025, SFPI should provide CZK 3 billion for the construction of flats. The Ministry of Regional Development is negotiating further subsidies of up to eight billion crowns from the National Recovery Plan in the EU.

The State Fund for Investment Support was created from the State Fund for Housing Development and is one of the indirectly controlled organisations of the Ministry of Regional Development. The purpose of the Fund is to support sustainable development of municipalities, cities and regions, housing and tourism. According to the approved budget, the SFPI is expected to manage CZK 6.7 billion in revenues and CZK 7.1 billion in expenditures this year.

Source: CTK