EIB, Poland open access to EUR 2.4 bln in loans for Polish tech firms
Polish companies developing new technologies will be able to take out loans totalling PLN 10 billion (EUR 2.36 bln) under a guarantee fund being created by Poland in collaboration with the European Investment Bank (EIB), the funds minister has said.
Polish companies developing new technologies will be able to take out loans totalling PLN 10 billion (EUR 2.36 bln) under a guarantee fund being created by Poland in collaboration with the European Investment Bank (EIB), the funds minister has said.
The new facility has emerged as the result of a revision of Poland's National Recovery Plan (KPO), the EU-funded post pandemic support instrument.
Katarzyna Pelczynska-Nalecz said at a press conference on Wednesday that the PLN 670 million (EUR 158 mln) offered as guarantees could translate into loans worth PLN 10 billion (EUR 2.36 bln).
"We set a goal for the changes," Pelczynska-Nalecz said. "A hundred percent of what we wanted in the KPO to be modified at this stage, has been modified."
"We said that we needed Polish companies to grow... so that Polish companies... develop also in the direction of new technologies," she continued. "This requires investment funding and that's why, together with the European Investment Bank, we are creating a new guarantee fund for Polish companies so that they will be able to tap into profitable loans for risky undertakings related to new technologies." (PAP)
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