In addition to the EU funds distributed in the Member States, funds managed directly from Brussels are also available, e.g.: xx
- Horizon 2020 Programme, which is to stimulate top level research, support international cooperation, innovative enterprises, etc. (budget: EUR 80 billion);
- COSME Programme aims to make it easier for small and medium enterprises (SMEs) to access markets within and outside of the Community and financing via loan guarantees and capital (budget: EUR 2.3 billion);
- Connecting Europe Facility will be the key instrument financing strategic investments in road infrastructure, railroad, power lines infrastructure as well as IT and communications technologies development (budget: EUR 33 billion);
- Erasmus+ Programme is to support young interns abroad to improve their skills and employment opportunities (budget: EUR 15 billion);
- Creative Europe Programme offers support for the European culture, cinema, television, music, literature, theatre, cultural heritage and other related fields (budget: EUR 1.5 billion).
In addition to the general programs and incentives described above, other forms of support can be obtained for the investment projects, such as:
Labour market support instruments:
- supporting professional activation, e.g. activation allowance, Activation and Integration Program, activation actions ordering, activation allowance after child care leave;
- refund of the social insurance contributions in connection with hiring a recommended unemployed person;
- partial refund of the employment cost for intervention works under an agreement with a starost;
- support for creating internship positions – the instrument involves paying a scholarship in the amount of 120% of the unemployment benefit for the internship at the entrepreneur’s to learn profession;
- bonus for the performance of a contract with the starost for vocational practice provided to adults to teach specific vocation or to take professional qualification examination or apprentice examination;
- grants for creating new teleworking jobs;
- loans for creating new jobs and for opening business activity.
Tax incentives for research and development (R&D) activity:
- tax relief for R&D works has been in force since January 2016. Its aim is to activate business owners and operators in Poland to improve competency of national experts and increase innovation. The system supports research in Poland, but does not support technology import. The costs become eligible in the year, in which they were incurred regardless of whether the project is ongoing or completed. The solution is available to business that are already involved in research projects; moreover the proposed solution will not result in artificial division of research projects.
As of 1 January 2017, the Act amending certain acts in connection with innovation support introduced four main changes in R&D tax relief, which are beneficial for taxpayers, i.e.:
- higher R&D tax credit;
- refund mechanism introduction;
- extended R&D tax credit settlement in the future;
- extended eligible cost catalogue.
Training subsidies (National Training Fund):
Means the funds to finance continuous education of employees and employers, as initiated or approved by the employer. The objective is to adapt the skills of the working force to market requirements. Increased investment in human resources should improve the position of businesses as well as employees on competitive labour market.
Maximum level of funds to be granted to cover continuous education cost depends on the enterprise size. In the case of microenterprises (fewer than 10 employees), starost may finance even 100% of the costs incurred, not more however than 300% of average salary. It means that maximum financing may even exceed PLN 11 thousand. Other enterprises may receive financing of 80% of the costs incurred, again up to 300% of average salary.
Norway and EEA Grants:
They constitute non-refundable financial contributions granted by Norway, Island and Liechtenstein to 16 European Union Member States. The main objectives of Norway and EEA Grants are: reduction of economic and social disparities in the European Economic Area (EEA) and to strengthen bilateral relations between contributing states and benefiting states.
State subsidies and preferential loans for environmental protection:
Waste management, energy efficiency – the funds disbursed by the National Fund for Environmental Protection and Water Management as well as Voivodship Funds for Environmental Protection and Water Management. These institutions offer subsidies and preferential loans for pro-ecological investments aimed at water resource sustainable management and protection, rational waste management and protection of the Earth surface, atmosphere protection, protection of biological diversity and ecosystems, supporting of environment monitoring and ecological education.
The article has been written in cooperation with:
SAS Advisors provides advisory services on obtaining preferential public funds (EU funds, national funds, Brussels funds). The portfolio of executed projects includes R & D projects (development of new technology, purchase of R & D infrastructure) and investment projects (implementation of new technological solutions / new products). SAS Advisors have raised over PLN 1.6 billion for international companies as well as Polish entrepreneurs.
How can we help?
- Additional information – feel free to contact us for additional information on support available under other programs.