Business, Investments properties in Poland
PLN 727 million from the budget for the support of hi-tech investment projects.
On July 5th, 2011 the Council of Ministers adopted the "Programme to support investments of high importance to the Polish economy for 2011-2020" prepared by the Ministry of Economy. PAIiIZ is the only institution which processes applications for grants under the Programme.
The aim of the programme is to increase innovation and competitiveness of the Polish economy by promoting foreign direct investment in sectors of high technology (hi-tech), because they contribute most to economic growth and strengthen the country’s competitive advantages. The programme will attempt to increase the share of innovative investments and the number of jobs in the sectors.
Support provided under the programme cannot be combined with other regional aid granted in the form of: direct grants from the state budget, EU funds or tax exemptions in special economic zones. If an investor wants to take advantage of other sources of aid, in addition to the programme, they will have to get approval from the government. The aid will be granted by the Council of Ministers at the request of the Minister of the Economy. The idea is that the support will not be granted to projects in counties where the unemployment rate is below 75% of the national average, unless the entrepreneur obtains the government’s consent. At the same, time low unemployment rate will not be an obstacle to apply for support for investment in the sector of modern services and R&D.
Support under the programme is available only to entrepreneurs who:
1) plan investment projects in the priority sectors: automotive, electronic, aviation, biotechnology, modern services and R&D;
2) plan production investments in other sectors and envisage that the minimum of qualified costs will reach PLN1billion and the project will create at least 500 jobs.
It is estimated that projects supported under the Programme will directly create 32,000 jobs and will result in the creation of 8,000 jobs at companies which will cooperate with the new facilities and centres. The total budget of the Programme for the years 2011-2020 is PLN 727 million of which 56% will be allocated to projects which create jobs and 44% will cover qualified costs of investments which will be granted the aid.
The programme is based on the "Scheme to support the inflow of foreign investment of considerable importance to the Polish economy", adopted by the Government on September 23rd, 2008. (the Office of the Chairman of the Council of Ministers).
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