Offer

PFR’s offer includes tailor-made packages of financial and non-financial services. It is our aspiration to create a complete market of raising capital and growth instruments at every stage of project development. We are active in industries including banking, insurance, investments, advisory in foreign expansion and development of entrepreneurship and innovation.

Start-up acceleration: ScaleUp Programme

Authority responsible for the programme is Polish Agency for Enterprise Development.

This measure supports the growth of start-ups in acceleration programmes implemented in partnership with large companies. The programmes provide assistance in the development of products and services which may potentially be used in the business of participating large companies. Co-financing of an accelerator is offered up to PLN 6 million.

Start-ups may use the experience and expertise of large companies and access their business contacts and technology resources. They also get financial assistance up to PLN 200 thousand, as well as a package of services worth PLN 50 thousand. This is a pilot project; the call for applications has been closed. Start-up applications will be accepted in Q1 2017.

more

 

Financing R&D implementations with a high market potential (Research for the Market – sub-measure 3.2.1 of the Smart Development Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development. 

The measure supports implementations of innovative products and services in microfirms, small and medium-sized enterprises. Companies can receive up to PLN 20 million for research and development, advisory services, and investment implementations. Co-financing is only available for implementation projects of R&D work carried out by or on request of companies.

Eligible projects must market new or materially improved products or services. Only those projects which implement innovations at least on national scale are recommended for co-financing.

The minimum total project expenditures eligible for co-financing are PLN 10 million.

more

Innovation Vouchers (measure 2.3.2. of the Smart Development Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development. 

The measure supports the co-operation of small and medium-sized companies with universities. Companies with innovative business ideas may use the expertise and technical resources of universities.

Co-financing is available for acquisition of services from universities including the development of new or materially improved products, services, production technologies or designs.

The maximum co-financing is PLN 340 thousand for microfirms and small companies an also for mid-sized companies .

more

Financing of R&D implementations in SMEs (SME innovation implementations – sub-measure 1.3.1 of the Eastern Poland Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development. 


The measure supports the development of innovations in companies participating in trans-regional co-operation projects. Co-financing is available for initial investments in projects aiming to develop innovative (at least on national scale) products or services through implementations of (proprietary or acquired) R&D work. Co-financing is available for projects implemented in the Eastern Poland Macroregion.

The measure provides companies with support for investment projects involving R&D implementations, the cost of obtaining and maintaining patent protection, and the cost of advisory services for the investment project.

Co-financing is available up to PLN 7 million.

Co-financing of investment projects is available according to the regional aid map.

The minimum total project expenditures eligible for co-financing are PLN 1 million.

more

inno_LAB

Provision of information facilitating private/public co-operation including development and testing of support instruments for companies (inno_LAB).

inno_LAB develops and implements new innovation support programmes for companies on a small scale. inno_LAB tests new forms of aid and support for companies and tests programmes in pilot projects before full-scale implementation. The project is operated by the Ministry of Economic Development and the Polish Agency for Enterprise Development (PARP).

Projects implemented by inno_LAB cover R&D and innovations in companies. Benefits for companies supported in the pilot projects depend on the tested area.

more

Financing of design in SMEs

Authority responsible for the programme is Polish Agency for Enterprise Development. 

Financing of design in SMEs (Competitive design – measure 1.4 of the Eastern Poland Operational Programme)

The measure supports uses of design in business. Co-financing is available for the implementation of design projects in small and medium-sized enterprises. Projects are implemented in two stages. Stage one is a design audit of the company necessary to develop a design strategy. The strategy contains recommendations of next steps required to use design in the company. Stage two is the implementation of the strategy: actions using design processes and leading to the marketing of innovations.

Co-financing available as a non-repayable subsidy is up to PLN 100 thousand in stage one and up to PLN 3 million in stage two.

more

 

Financing of innovation support services “Innovation support services of business support institutions for SMEs”

Authority responsible for the programme is Polish Agency for Enterprise Development. 

Financing of innovation support services “Innovation support services of business support institutions for SMEs” (sub-measure 2.3.1 of the Smart Development Operational Programme)

Support for small and medium-sized companies in innovation implementations. Co-financing covers the acquisition of innovation support services provided by business support institutions. The services include advisory and training in know-how transfers, as well as acquisition and protection of intangible assets, and services including access to office space, data banks, library resources, market research, laboratories, labelling, testing, and quality certification.

The maximum amount of co-financing is PLN 294 thousand.

more

 

 

Financing of industrial property protection

Authority responsible for the programme is Polish Agency for Enterprise Development. 

Financing of industrial property protection (sub-measure 2.3.4 of the Smart Development Operational Programme)

Support of projects implemented to obtain or maintain protection of industrial property. Protection is obtained by means of patents, design protection rights and industrial design registration rights. Industrial property protection is maintained following cancellation or expiration of patents, design protection rights and industrial design registration rights.
With protection rights, companies:                                                                                           

  • make sure that their products do not infringe on third party rights;
  • in the event of infringements of industrial property protection rights, may raise claims against the infringing party and require product recalls;
  • where the company has no infrastructure or human resources necessary to implement and market a product, industrial property protection allows it to sell protection rights or grant a licence to a partner with the capacity of implementing the product.

Projects eligible for the measure should range from PLN 10 thousand to PLN 1 million. Maximum co-financing is available for 50% of eligible expenditures.

more

Business acceleration in innovative sectors

The main objective of Industrial Development Agency JSC (ARP S.A.) project is to create business accelerators in innovative sectors including space technology, video games, robotics and automatics, industrial design, medical and material engineering, energy technologies. ARP S.A. has set up a video game accelerator, ARP Games sp. z o.o. It will serve as a model for other sector accelerators, established also in partnership with other organisations.
Benefits to users:

  • potential implementations in any sector and anywhere in the world;
  • application process open to anyone;
  • financial support on attractive terms (equity investment);
  • substantive involvement of ARP S.A. staff at every stage of implementation;
  • options to implement projects in partnership with other start-up groups;
  • no formal co-operation process: projects are reviewed in detail to evaluate the business case and potential benefits of acceleration.

more

ARP Innovation Pitch

Support for cooperation between start-ups and SMEs and large companies.

The main objective of the project implemented by Industrial Development Agency JSC  is associate as many small and medium-sized enterprises with large companies.

more

Capital market support for SMEs – 4 Stock (sub-measure 3.1.5 of the Smart Development Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development.

The measure supports companies preparing for floatation on the stock exchange. Co-financing is available for projects involving the procurement of advisory services necessary to prepare the documentation required to raise equity on the capital markets (GPW, NewConnect, foreign regulated markets) or to raise debt through an issue of bonds on Catalyst.

Co-financing is only available to microfirms, small and medium-sized enterprises established in Poland and entered into the commercial register.
Maximum co-financing (depending on the target market):

  • NewConnect – PLN 100 thousand
  • GPW – PLN 800 thousand
  • foreign regulated market – PLN 800 thousand
  • Catalyst, introduction of bonds – PLN 80 thousand
  • Catalyst, introduction of another bond issue – PLN 60 thousand

more

“Early Warning" – support for companies in difficulties

“Early Warning" – support for companies in difficulties

The Polish Agency for Enterprise Development (PARP), as part of the "Early Warning" program providing support for companies in difficulties as part of the Human Capital Development Program, offers permanent, systemic and comprehensive services for owners and staff of SMEs which aim to help them improve the management skills they need to translate into the company’s better management and proper development. The types of services offered as part of the program include analysis of the company’s situation, identification of the causes of the difficulties, and mentoring. The comprehensive Human Capital Development Program is a support program for enterprises offered by the PFR Group based on the services provided by experts, advisors and mentors recruited and maintained by PARP. The program is a stable, permanent product, which in coming years of operation will become increasingly recognizable by entrepreneurs. 

more

"First Business- Start-up Support" Programme

Authority responsible for the programme is Bank Gospodarstwa Krajowego.

The programme provides loans on preferential terms for:

  • starting a new business;
  • creating new jobs for the unemployed.

Secondary school and university graduates, last-year university students and the unemployed are eligible to apply for low-interest loans to start a new business.

Loans for the creation of new jobs for the unemployed are available not only for borrowers using loans to start a new business but also private kindergartens and schools, as well as crèches and children clubs.
Borrowers granted a loan to start a new business may use free-of-charge advisory and training services to use the loans effectively.

The programme supports entrepreneurship and the creation of new jobs in order to improve the job market, prevent unemployment and promote employment. Loans are granted by financial intermediaries partnered with BGK.

more

 

Technology innovation loans

Authority responsible for the programme is Bank Gospodarstwa Krajowego.

“Technology innovation loans” are financial support instruments improving the innovativeness and competitiveness of small and medium-sized enterprises. Support is available for investments in technology aiming to acquire and implement new technologies or to develop proprietary technologies for the production of new or materially improved goods, processes and services in Poland.
Technologies to be implemented should be based on:

  • industrial property rights, or
  • R&D results, or
  • industrial research results, or
  • unpatented technical expertise.

Technology loans are available for the acquisition of fixed assets which deploy new technologies in a technology investment project.
The borrower support consists in a technology premium provided as repayment of a part of the technology loan granted by a commercial bank for the technology investment project.
The borrower’s down-payment is at least 25% of the eligible expenditures in the technology investment project financed with the technology loan.

more

Development of start-ups in Eastern Poland (measure 1.1.2 of the Eastern Poland Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development.

Entrepreneurs who have managed to benefit from the support platforms start after the completion of the process of incubation and positive verification of the business model, they can apply for a grant to the initial activity of the company. The project should assume the product on the market (first sale) and implementation developed on the Platform start business model. Financial support is designed for startups to grow their business in the macro-Polish Eastern to cover costs related to the implementation of an innovative idea, including: the purchase of consulting services and expert pay band, the purchase of fixed assets and intangible assets, as well as promotional activities for expansion market.

Maximum amount is PLN 800 thousand.  It required 15% downpayment.

more

Venture Capital Funds

Venture Capital Funds

PFR Ventures JSC is a fund of funds and offers repayable financing to innovative SMEs through selected financial intermediaries (including venture capital funds and business angels). Financing available from the Fund for investments in innovative projects is sourced from European funds (the Smart Development Operational Programme 2014-2020) and private investors via selected financial intermediaries.

PFR Starter FIZ

PFR Ventures JSC offers PFR Starter FIZ, a fund which provides financial support to innovative start-ups (at the phase of pre-incubation, incubation, and launch) through financial intermediaries whose experience and competences ensure smart money (access to know-how and expertise as well as business contacts) which largely improves the chances of commercial success.

  • Funding available from PFR Starter FIZ: ca. PLN 782 million
  • Average investment per company: ca. PLN 500 thousand
  • Financing structure: 80% from the PFR Fund / 20% of private money
  • Investment period: investment in funds 2017-2020, investment in businesses 2017-2023
  • Investment process: open selection of investment firms run by PFR Ventures JSC
  • Expected opening of the selection of financial intermediaries: December 2016

PFR Ventures JSC is adding another three funds of funds which will launch in early 2017; details about the new funds will be published on the website.

more

Innovation Loan Fund (FPI)

Authority responsible for the programme is Polish Agency for Enterprise Development.

FPI is a tailor-made product addressed to businesses with low creditworthiness which are implementing high-risk innovative projects.

The Fund supports private investment in start-ups and helps them improve the performance of their projects.

FPI requires an equity investment of seed funds, business angels or venture capital funds: investor funding is fully matched by FPI.

Investors must be identified by the business interested in a loan from the Fund.

SMEs pay no fees or commissions for loans granted and administered by the Fund. The only cost of the loan includes interest cost and collateral.

Amount of financing:

  • up to 100% of eligible expenses
  • minimum amount of eligible expenses: PLN 200 thousand; maximum: PLN 2 million

Interest is offered at a preferential rate compared to market rates.

The loan repayment period is attractive: up to 8 years with a grace period up to 2 or 3 years.

Businesses may also use the loan to invest in property, plant and equipment or intangible assets, working capital, or acquisition of equity in enterprises.

more

Export debt finance (including DOKE, Export Finance Government Programme, Export Guarantees)

Bank Gospodarstwa Krajowego (BGK) offers support to exporters, in particular exporters of products and services which fulfil the definition of “Polish Product”.
Depending on actual needs, BGK offers bank products which:

  • provide financing to foreign buyers of Polish goods and services (letters of credit, bank-to-bank buyer loans, international factoring, L/C discounting);
  • provide debt financing to Polish companies planning international expansion (e.g., acquisition of a foreign company or expansion of the production capacity).

Loans granted under the Export Finance Government Programme are covered by insurance provided by the Credit Export Insurance Corporation KUKE S.A.
BGK also offers DOKE – a programme which ensures stable interest on export loans granted to buyers by local banks, foreign banks, or international financial institutions. BGK and the export lending bank, which is a party to a DOKE Agreement for the financed transaction, mutually offset the interest rate differential (positive or negative).
BGK support instruments are available to companies established in Poland, including companies of all sectors, sizes and export markets.

more

 

Insurance in international trade

Export Credit Insurance Corporation JSC (KUKE S.A.) offers insurance of trade receivables as a comprehensive solution hedging the risk of domestic and export sales with deferred payment. Insurance is also available on simplified terms to companies starting to trade or operating small-scale business.

Insurance of mid-term and long-term export contracts covers investment projects including delivery of plant, machinery, production lines, and turn-key properties. The repayment period of an export loan used to finance such contracts may be up to 2 years or more.

more

Insurance of export transactions financed by banks and financial institutions. With its expertise and experience, KUKE S.A. works efficiently with local and international institutions. Offered insurance products allow banks to safely finance export contracts and ensure successful closing of deals by companies.

more

 

Guarantees in international trade

Insurance guarantees confirm the company’s ability to deliver the contract. With Export Credit Insurance Corporation JSC (KUKE S.A.) guarantees, contractors do not need to invest own funds and may compete for additional contracts. KUKE S.A. offers guarantees which cover the entire span of the contract: security deposit bonds, performance bonds, advance payment return guarantees, and maintenance bonds.

KUKE S.A. also offers guarantees of repayment of short-term loans granted by banks to companies in order to finance export contracts.

more

Banks which confirm, discount or post-finance letters of credit opened by foreign banks get KUKE S.A. guarantees securing their debt. KUKE S.A. guarantees and takes over the risk of transactions, allowing financial institutions to support the export business of their clients.

more

Competences

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.  

The first steps in international expansion require the necessary support to equip the future investor with the required expertise and skills relating to globalization. We offer support at the stage of investment decision-making in order to develop a comprehensive strategy of international expansion.
The first steps are outlined at an investment workshop tailored to the expectations of the company. Our experts deliver training at the Agency and in locations selected by clients.

The product includes two key components:

  • investment workshops
  • mentoring

more

Advisory

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Long-term relations with foreign investors are a key success driver. We assist clients throughout the investment process and much longer, well beyond the inception of a foreign subsidiary.
Our experienced expert team provides a list of attractive locations where the client’s investment stands the best chance of success and identifies the optimum implementation track for the project in selected markets.
We take prospective investors to the target host country in order to understand the local investment potential.
Once the investment is in place, we check how the Polish investor performs, and we support its next steps.

The product includes the following components:

  • location advisory
  • location review
  • study tour
  • after care

more

Investment incentives

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Polish companies investing abroad are eligible to use local support instruments including financial grants offered by the government of the host country. The availability and specificity of instruments in the target host country require a case-by-case review.

more

Polish Champion Project

The Polish Champion Project helps Polish private companies to become leaders of international expansion. Project participants learn how to identify barriers in foreign expansion, work with experts to develop good business practice, and use the support of the Polish government in their foreign investments.

The Polish Champion Project provides workshops in financing of international expansion and the legal and fiscal aspects of expansion.

The Polish Investment and Trade Agency's JSC main partner in the Polish Champion Project is the consultancy PWC.

more

 

Potential markets and distributions channels: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Our experts develop an in-depth analysis of client expectations and business profile to recommend a market entry strategy for a product category and provide a range of necessary information about the characteristics of the local distribution channels.

more

Local contacts: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

A safe market entry represents a major challenge. We work with Polish missions abroad to facilitate the selection and identification of potential business partners and establish contacts with local authorities.
We offer an umbrella of public support for our clients and facilitate their international expansion through business missions, conferences, meetings and seminars in Poland and abroad.

more

Business partner check: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

To identify a reliable foreign partner, companies must have relations with and an understanding of other markets. Our experienced experts pre-select reliable partners based on public data and business intelligence. To establish closer relations with potential partners, we recommend an in-depth review of the target.

more

Preparation for trade fairs: Africa and China

The Polish Investment and Trade Agency supports development of Polish entrepreneurs.

Trade fairs are among the most effective ways to establish business relations with foreign partners. In many countries, especially countries with different cultures, personal contacts are a prerequisite of business relations. To participate in trade fairs and take full advantage of promotion opportunities, companies must be properly prepared. We help to comprehensively prepare Polish businesses for participation in international trade fairs. We provide a range of necessary information about market specificities and offer consulting in how to draft marketing materials matched to the local business culture.

more

Business missions: Africa and China

Business missions organised by The Polish Investment and Trade Agency JSC provide clients with a range of opportunities: participation in workshops, conferences, trade fairs, as well as dedicated business meetings helping to understand the local market. All events are arranged under the umbrella of Polish public institutions, frequently with the participation of top-ranking officials of the central and local administration.

more

Dedicated business meetings: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

With a good understanding of the business specificity of both partners and an extensive network of business relations, we can arrange successful B2B sessions. Our experts organise customised business meetings in Poland and abroad, depending on the client’s required business profile and expected forms of co-operation.

more

Workshops and training

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

We organise business workshops and training sessions helping Polish companies to gain an operational understanding of exports to a new market. We arrange training and workshops with the participation of experts who have operational experience in the local market. We offer training both in Poland and in selected markets.

more

Publications

Publications issued by The Polish Investment and Trade Agency JSC are addressed both to potential foreign investors and Polish companies interested in exporting to selected markets. The publications present Poland as an attractive venue for investing and outline the Polish economy, investment incentives, and the key sectors of Poland’s economy. Publications addressed to Polish companies interested in foreign markets are developed by the Agency independently or in collaboration with partners to present selected foreign markets and their political, social, economic, legal and investment profile, including practical advice on available instruments supporting foreign expansion. The Agency also issues dedicated publications.

more

Network of Open Innovations

The Industrial Development Agency SA’s project “Network of Open Innovations” is mainly financed from UE funds and its implementation will last until the end of March 2023. It has a budget of PLN 133 million. Under the project, 120 transactions of transfers of innovative, product or process technologies are planned, falling within the scope of at least one of the National Smart Specializations. Technology Readiness Level is required to be between 7-9.

Under the grant project, support for enterprises from the SME sector is provided in the form of:

  • substantive support in terms of advisory services, aimed at helping entrepreneurs in the process of identifying their needs, preparing the acquisition of the already selected technology, and mentoring during implementation (co-financing of up to 85% of service costs; from the State budget in the amount of PLN 28 million);
  • financial assistance in the acquisition from the so-called donor of technology of the property rights or license to use technology (acquisition of intangible assets will take place according to the formula of grant projects by means of a call for proposals, support will be provided in the form of State aid or as de minimis aid in accordance with the regional aid map, comprising co-financing of up to a maximum of 70%; from the State budget PLN 72 million).


Donors of technology include research units, entrepreneurs, natural persons, foundations, associations and foreign persons.

more

PFR Biznest FIZ

The strategy of the PFR Biznest FIZ fund of funds is investment via financial agents (co-investment funds), cooperatig and co-investing with business angels, in innovative companies at the early stage of development.

The financing is granted by business angels who, thanks to their experience, competences and contacts provide the companies with so-called smart money, greatly increasing their chances for commercial success.

The product is addressed to potential Financial Agents/Managing Entities/Venture Capital Funds.

The required own contribution is at least 4% of the Declared Capitalisation of the Financial Agent.
Preferred activity types: providing necessary financing of micro-, small and medium-sized enterprises (at the stage of incubation and start-up) that implement or are going to implement and/or develop innovative solutions (in terms of products, services, processes, organisation and marketing), and that need high risk financing in co-investment with business angels due to their high risk.

more

PFR KOFFI FIZ

As part of the PFR KOFFI FIZ fund, PFR KOFFI FIZ- PFR Ventures Sp. z o.o.  supports entities from the small and medium-sized enterprise sector at the growth, development and expansion stages.
The programme is dedicated to SMEs seeking financing to implement innovative projects with a significant market/growth potential, including innovations other than technological ones, e.g. organisational, managerial, marketing innovations, or innovations related to entering a new market. There is no requirement to pursue R&D activity.

The financing is granted by Financial Agents who, thanks to their experience, competences, and contacts provide the companies with so-called smart money, greatly increasing their chances for commercial success.
The indirect objective of PFR KOFFI FIZ is the development of the venture capital fund/investment group market, and increased activity of private investors within the scope of investments in SMEs.

more

 

PFR NCBR CVC

PFR Ventures Sp. z o. o. executes PFR NCBR CVC, which is the first fund of funds (FoF).

PFR NCBR CVC provides financing to Corporate Venture Capital (CVC) funds managed by professional and investor-independent investment teams.

The created CVC funds will invest in technological companies at the stage of growth and expansion (investment ticket: PLN 5-60 million).

The product is addressed to potential Financial Agents/Managing Entities/Corporate Venture Capital Funds.

The required contribution of the Private Investor is at least 50% of the Declared Capitalisation of the Financial Agent.

The investment period of CVC funds is 5 years (with the possibility of prolongation), however no longer than to 31 December 2023.

more

Elektro ScaleUp

The Polish Agency for Enterprise Development (PARP) has initiated its Elektro ScaleUp project. This is an undertaking whose aim is to increase the number of electromobility projects by helping micro- or small entrepreneurs to obtain their first/breakthrough order from a business client in the electromobility industry.

The first stage of the program includes competition for an accelerator whose aim will be to organise an electromobility sector acceleration program. One accelerator will be chosen on the basis of meeting access and quality criteria. Then, the accelerator selected by PARP will provide services for start-ups and organise industry environment.

The program will run for two years and it will be divided into 3-4 rounds addressed to start-ups.

Start-up selection criteria will be determined by the accelerator executing the program. The accelerator will execute an industry program if large and medium-sized enterprises interested in the program, as the technology's recipients, provide financial investment covering at least 50% of the accelerator's operational costs. This condition serves the purpose of strongly engaging all the program's participants.

more

PFR Otwarte Innowacje FIZ

The PFR Otwarte Innowacje FIZ program implemented by PFR Ventures Sp. z o. o. is aimed at fostering Polish technological innovations by public-private financing, where public money constitutes 60% maximum.
The total sum of money accumulated in the investment vehicle, the so-called venture capital fund, is managed by an independent entity selected by way of competition. The investment team of the independent managing entity make direct investments in companies according to the investment mandate set out in a term-sheet and the investment strategy adopted.

The investment of PFR Otwarte Innowacje FIZ as part of Declared Capitalisation of created Venture Capital Fund is between PLN 36 million and PLN 78 million.

Final beneficiaries (innovative technological companies with an R&D component) together can count on recapitalisation in the amount of from PLN 5 million to around PLN 20-30 million (up to PLN 60 million maximum) in the years 2017-2023.

more

 

Financing R&D implementations with a high market potential (Research for the Market – sub-measure 3.2.1 of the Smart Development Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development. 

The measure supports implementations of innovative products and services in microfirms, small and medium-sized enterprises. Companies can receive up to PLN 20 million for research and development, advisory services, and investment implementations. Co-financing is only available for implementation projects of R&D work carried out by or on request of companies.

Eligible projects must market new or materially improved products or services. Only those projects which implement innovations at least on national scale are recommended for co-financing.

The minimum total project expenditures eligible for co-financing are PLN 10 million.

more

Innovation Vouchers (measure 2.3.2. of the Smart Development Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development. 

The measure supports the co-operation of small and medium-sized companies with universities. Companies with innovative business ideas may use the expertise and technical resources of universities.

Co-financing is available for acquisition of services from universities including the development of new or materially improved products, services, production technologies or designs.

The maximum co-financing is PLN 340 thousand for microfirms and small companies an also for mid-sized companies .

more

Financing of R&D implementations in SMEs (SME innovation implementations – sub-measure 1.3.1 of the Eastern Poland Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development. 


The measure supports the development of innovations in companies participating in trans-regional co-operation projects. Co-financing is available for initial investments in projects aiming to develop innovative (at least on national scale) products or services through implementations of (proprietary or acquired) R&D work. Co-financing is available for projects implemented in the Eastern Poland Macroregion.

The measure provides companies with support for investment projects involving R&D implementations, the cost of obtaining and maintaining patent protection, and the cost of advisory services for the investment project.

Co-financing is available up to PLN 7 million.

Co-financing of investment projects is available according to the regional aid map.

The minimum total project expenditures eligible for co-financing are PLN 1 million.

more

inno_LAB

Provision of information facilitating private/public co-operation including development and testing of support instruments for companies (inno_LAB).

inno_LAB develops and implements new innovation support programmes for companies on a small scale. inno_LAB tests new forms of aid and support for companies and tests programmes in pilot projects before full-scale implementation. The project is operated by the Ministry of Economic Development and the Polish Agency for Enterprise Development (PARP).

Projects implemented by inno_LAB cover R&D and innovations in companies. Benefits for companies supported in the pilot projects depend on the tested area.

more

Financing of design in SMEs

Authority responsible for the programme is Polish Agency for Enterprise Development. 

Financing of design in SMEs (Competitive design – measure 1.4 of the Eastern Poland Operational Programme)

The measure supports uses of design in business. Co-financing is available for the implementation of design projects in small and medium-sized enterprises. Projects are implemented in two stages. Stage one is a design audit of the company necessary to develop a design strategy. The strategy contains recommendations of next steps required to use design in the company. Stage two is the implementation of the strategy: actions using design processes and leading to the marketing of innovations.

Co-financing available as a non-repayable subsidy is up to PLN 100 thousand in stage one and up to PLN 3 million in stage two.

more

 

Financing of innovation support services “Innovation support services of business support institutions for SMEs”

Authority responsible for the programme is Polish Agency for Enterprise Development. 

Financing of innovation support services “Innovation support services of business support institutions for SMEs” (sub-measure 2.3.1 of the Smart Development Operational Programme)

Support for small and medium-sized companies in innovation implementations. Co-financing covers the acquisition of innovation support services provided by business support institutions. The services include advisory and training in know-how transfers, as well as acquisition and protection of intangible assets, and services including access to office space, data banks, library resources, market research, laboratories, labelling, testing, and quality certification.

The maximum amount of co-financing is PLN 294 thousand.

more

 

 

Financing of industrial property protection

Authority responsible for the programme is Polish Agency for Enterprise Development. 

Financing of industrial property protection (sub-measure 2.3.4 of the Smart Development Operational Programme)

Support of projects implemented to obtain or maintain protection of industrial property. Protection is obtained by means of patents, design protection rights and industrial design registration rights. Industrial property protection is maintained following cancellation or expiration of patents, design protection rights and industrial design registration rights.
With protection rights, companies:                                                                                           

  • make sure that their products do not infringe on third party rights;
  • in the event of infringements of industrial property protection rights, may raise claims against the infringing party and require product recalls;
  • where the company has no infrastructure or human resources necessary to implement and market a product, industrial property protection allows it to sell protection rights or grant a licence to a partner with the capacity of implementing the product.

Projects eligible for the measure should range from PLN 10 thousand to PLN 1 million. Maximum co-financing is available for 50% of eligible expenditures.

more

Business acceleration in innovative sectors

The main objective of Industrial Development Agency JSC (ARP S.A.) project is to create business accelerators in innovative sectors including space technology, video games, robotics and automatics, industrial design, medical and material engineering, energy technologies. ARP S.A. has set up a video game accelerator, ARP Games sp. z o.o. It will serve as a model for other sector accelerators, established also in partnership with other organisations.
Benefits to users:

  • potential implementations in any sector and anywhere in the world;
  • application process open to anyone;
  • financial support on attractive terms (equity investment);
  • substantive involvement of ARP S.A. staff at every stage of implementation;
  • options to implement projects in partnership with other start-up groups;
  • no formal co-operation process: projects are reviewed in detail to evaluate the business case and potential benefits of acceleration.

more

Development of network products by SMEs

Development of network products by SMEs (sub-measure 1.3.2 of the Eastern Poland Operational Programme)

The measure implemented by Polish Agency for Enterprise Development is designed to create incentives for the development of microfirms, small and medium-sized enterprises based on the existing potential and assets of the macroregions.

Support is available to SME consortia which create and develop network products in the regions eligible for Regional Smart Specialisations shared by at least two voivodships of Eastern Poland.

Support is provided to network and innovative products of supraregional impact which are off-the-shelf packages based on a dispersed structure of entities, attractions, locations, objects functioning as a single coherent concept with a common leading product feature (brand). Each project should include all of the following: investments in a coherent infrastructure of network products, development of applications and services based on information and communication technology, development and implementation of single standards of product operation and promotion.

The minimum amount of eligible expenditures of the project is PLN 10 milion.

more

 

ARP Innovation Pitch

Support for cooperation between start-ups and SMEs and large companies.

The main objective of the project implemented by Industrial Development Agency JSC  is associate as many small and medium-sized enterprises with large companies.

more

Debt finance at all stages of the market cycle (investment loans, bonds)

Bank Gospodarstwa Krajowego (BGK) offers investment loans and bond issues for companies (including companies owned by local governments) and local governments (municipalities, districts, municipal associations).
Financing is tailor-made as the terms including the amount, tenor, price, collateral, down-payment, etc., are defined case by case for each project. BGK provides funding from its own resources or under credit lines extended by EIB and KfW.

  •  Investment loans

BGK offers investment loans as long-term funding of investment projects including projects co-financed by the EU (BGK provides matching for EU funds).

more - Bank accounts of local governments

more - Bank account for entrepreneurs

  • Bonds

Debt instruments dedicated to eligible issuers. A bond issue programme underwritten by the bank is an alternative to investment loans.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Capital market support for SMEs – 4 Stock (sub-measure 3.1.5 of the Smart Development Operational Programme)

Authority responsible for the programme is Polish Agency for Enterprise Development.

The measure supports companies preparing for floatation on the stock exchange. Co-financing is available for projects involving the procurement of advisory services necessary to prepare the documentation required to raise equity on the capital markets (GPW, NewConnect, foreign regulated markets) or to raise debt through an issue of bonds on Catalyst.

Co-financing is only available to microfirms, small and medium-sized enterprises established in Poland and entered into the commercial register.
Maximum co-financing (depending on the target market):

  • NewConnect – PLN 100 thousand
  • GPW – PLN 800 thousand
  • foreign regulated market – PLN 800 thousand
  • Catalyst, introduction of bonds – PLN 80 thousand
  • Catalyst, introduction of another bond issue – PLN 60 thousand

more

Debt financing for medium-sized and large enterprises

Industrial Development Agency JSC  (ARP S.A.) finances the growth of industrial companies by granting loans matched with their current needs, including investment and working capital loans. The financing is a great addition to equity funding of medium-sized and large enterprises. The offer is available to industrial companies and their service providers.

Benefits for users:

  • financing matched with the company’s needs;
  • tenors matching the project profile (from 3 to 7 years or more if necessary);
  • credit exposures from PLN 2 to 50 million;
  • financing of up to 80% of capex (less than 20% down-payment acceptable in special cases);
  • corporate growth financing opportunities;
  • addition to equity funding or EU co-financing;
  • project structuring support.

The decision-making deadlines depend on the amount of financing:

  • up to the equivalent of EUR 2 million – approximately 1 month;
  • over EUR 2 million – from 1.5 to 2 months.

Companies which apply for financing are contacted directly by ARP S.A. Financial Service Department staff who offer substantive and procedural support.

more

Equity financing of SME growth

The Polish Development Fund JSC offers financing of industrial development is available from a non-public assets closed-ended investment fund (FIZAN). Financing is typically provided as equity investment in minority interests; in addition, the Fund buys bonds and provides mezzanine financing and hybrid financing.

  • Financial instruments: equity/mezzanine
  • Sectors: industry and services
  • Investment type: investment in existing companies
  • Preferred investment period: 5-7 years (or longer in special cases)
  • Interest level (by value): from PLN 30 million to PLN 300 million
  • Interest level (percentage): the Fund invests in minority interests (from 10% to 50% less 1 share) in the share capital
  • Funds: Fundusz Inwestycji Polskich Przedsiębiorstw (FIPP)

 

Insurance of Short-Term Receivables – KUKE’s Global Policy

Insurance of short-term receivables addressed to Entrepreneurs – Customers of PKO Bank Polski S.A. (PKO BP S.A.).

Global Policy – insurance of receivables from sales with deferred payment date:

  • the policy is directed to customers of PKO BP S.A. which have been conducting uninterrupted economic activity for a minimum of 18 months
  • insurance cover arises in circumstances where the counterparty has not paid receivables in whole or in part for reasons attributable wholly to him/her (commercial risk)
  • in the case of foreign counterparties, non-payment may also result for reasons associated with the counterparty’s country situation (political risk)
  • the policy is concluded for an unlimited period with annual accounting periods
  • the premium is payable once in advance for the entire accounting period

The insurance may cover receivables which:

  • are payable in merchant credit
  • have arisen during and have a maturity date of which falls during the term of the insurance contract
  • are indisputable,
  • concern sales to counterparties which fulfill the requirements for credit limit

The offer includes 4 insurance options that differ by their parameters:

  • annual volume of sales in credit
  • the amount of the credit limit for each counterparty
  • the sum insured
  • annual premium

more

Working capital finance (working capital loans and factoring)

Bank Gospodarstwa Krajowego  short-term funding offer helps companies to meet current liabilities or repay debt to other banks.
Working capital loans ensure:

  • improved liquidity position;
  • immediate access to funding;
  • additional working capital necessary to deliver more contracts and projects;
  • business continuity.

Factoring ensures the following benefits to the seller:

  • shorter period of collecting receivables for delivered goods and services;
  • more attractive terms of payment offered to clients;
  • no-recourse factoring eliminates financial risks of debtor default;

and the following benefits to the debtor:

  • implementation of “build and finance” investment projects without separate tenders for contractors and creditors;
  • longer period of payment matching the financial potential.

more

 

SME credit guarantees

Guarantees Banku Gospodarstwa Krajowego (BGK) are dedicated to microfirms, small and medium-sized enterprises (SME) of creditworthiness acceptable to the bank (capable of repaying the loan principal and interest according to the schedule defined in the loan agreement).

Benefits for borrowers

  • higher chance of being granted a loan on better terms compared to other forms of collateral
  • reduced total borrowing costs thanks to better margins or commissions
  • eligibility to use a loan even if the borrower has a short credit record or insufficient collateral
  • the borrower’s assets remain free and unencumbered in favour of the lending bank or BGK
  • time savings – all procedures are followed directly at the lending bank during the credit process
  • no fee for the processing of guarantee applications

Depending on needs, guarantees are available to companies under several programmes:

  • De minimis guarantees (provided under the allowed state aid programme)
  • Guarantees on market terms under the COSME Programme (PLG COSME)

more

 

 

Loans from international financial institutions (EIB and KfW)

Bank Gospodarstwa Krajowego (BGK) in partnership with the European Investment Bank and the German development bank KfW offers loans which finance investment projects on preferential terms.

Benefits for borrowers include attractive pricing, especially for longer tenors of loans, reducing current payments and the total cost of financing.

To define the optimum financing structure and minimise costs, EIB and KfW funding may be combined. The loans may also be combined with funding by BGK. Irrespective of the financing structure, the borrower signs a single loan agreement with BGK.

Loans are offered to commercial private companies as well as public entities.

Investment loans from EIB and KfW ensure the following:

  • reduced cost of borrowing compared to the standard terms,
  • enhanced return on equity due to a higher leverage,
  • principal payment deferred until the completion of the investment project and revenue generation,
  • long tenors matched with the specificity of the investment project,
  • financing in PLN or EUR.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Cash management

Bank Gospodarstwa Krajowego offers state-of-the-art solutions supporting current business operations, such as planning, monitoring and management of liquid cash.

Offered cash management products:

1.    Bank accounts

  • current accounts
  • auxiliary accounts
  • escrow accounts – security of trade transactions
  • deposit accounts – dedicated security deposits
  • payroll accounts – salary payments

2.    Standard deposits (including overnight deposits - Autoinwestycja)
3.    Non-cash settlements

  • domestic payments – Elixir, Sorbnet
  • international payments – SEPA, TARGET2, SWIFT (express, priority, standard)

4.    Cash management – cash intermediaries (Poczta Polska, Pekao SA, BZWBK, Bank Pocztowy)

  • ‘open’ cash deposits and withdrawals at a cash desk (PLN, EUR, USD, CHF, GBP)
  •  ‘closed’ cash deposits and withdrawals at the client’s including cash transports (PLN)

5.    VISA payment cards – charge cards, debit cards, prepaid cards
6.    Special services:

  • processing and identification of incoming cash payments
  • cash pooling – automatic balance transfers between accounts
  • mass payments – processing of multiple outgoing payments (1 million transactions per day)

Services are offered directly at bank branches and via remote channels of the electronic banking system.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

Treasury products (FX, derivatives, negotiated deposits, securities)

Bank Gospodarstwa Krajowego easury product offer is a range of instruments including attractive FX transactions, placements of liquid cash as needed, and hedging against interest rate and FX risks.
Offered treasury products include:

  • FX transactions – purchase or sale of the base currency against a quoted currency at a negotiated exchange rate agreed between the bank and the client, settled on the due date (value date).
  • FX risk management products – hedging against FX risk:
    • FX forwards;
    • FX swaps;
    • FX options.
  • Interest rate risk management products – interest rate risk hedging:
    • Interest rate swaps (IRS);
    • Cross-currency interest rate swaps (CIRS);
    • A wide range of investment products – safe and effective management of liquid cash tailored to current needs;
    • Negotiated money market deposits;
    • Treasury bills;
    • Treasury bonds;
    • Municipal bonds;
    • BSB / SBB.

more

Insurance and guarantees in domestic trade

Export Credit Insurance Corporation JSC (KUKE S.A.) offers insurance of trade receivables as a comprehensive solution hedging the risk of domestic and export sales with deferred payment. Insurance is also available on simplified terms to companies starting to trade or operating small-scale business.

more

Insurance guarantees confirm the company’s ability to deliver the contract. With KUKE S. A. guarantees, contractors do not need to invest own funds and may compete for additional contracts. KUKE S.A. offers guarantees which cover the entire span of the contract: security deposit bonds, performance bonds, advance payment return guarantees, and maintenance bonds.

more

Factoring

Factoring provides companies with immediate cash injections by releasing cash locked under outstanding invoices. Factoring is a popular service used by Polish companies to obtain external funding for on-going business.

Factoring is a comprehensive service. In addition to quick cash, factoring includes a package of additional services such as clearing accounts for clients, debt monitoring and enforcement, and acceptance of the risk of buyer default.

KUKE Finance JSC offers all types of factoring covering domestic and international debt, including complete factoring with acceptance of the risk of contractor default.

more

“Early Warning" – support for companies in difficulties

“Early Warning" – support for companies in difficulties

The Polish Agency for Enterprise Development (PARP), as part of the "Early Warning" program providing support for companies in difficulties as part of the Human Capital Development Program, offers permanent, systemic and comprehensive services for owners and staff of SMEs which aim to help them improve the management skills they need to translate into the company’s better management and proper development. The types of services offered as part of the program include analysis of the company’s situation, identification of the causes of the difficulties, and mentoring. The comprehensive Human Capital Development Program is a support program for enterprises offered by the PFR Group based on the services provided by experts, advisors and mentors recruited and maintained by PARP. The program is a stable, permanent product, which in coming years of operation will become increasingly recognizable by entrepreneurs. 

more

Sector Councils on Skills

Co-operation between business and education (Improving knowledge of vocational qualification needs – measure 2.12 of POWER).

Following the model implemented in EU member states and globally, a system of Sector Councils on Skills aims to integrate businesses into collaboration with education and science and allow them to contribute to the development of syllabi and curricula and to participate in the teaching process as lecturers, educators or examiners. The system includes a Programmatic Council on Skills at the central level as well as Sector Councils on Skills in different industries. The first six Councils were elected and launched in 2016. Sector Councils on Skills are comprised of industry practitioners: business people, employer and employee organisations, representatives of the educational system, science, the administration, as well as job market institutions. With such composition, the Councils will support the Polish educational system in addressing the needs of businesses in the sectors.

The Sector Councils on Skills implement the Strategy for Responsible Development by integrating employers into the Polish educational system. The activities of the Sector Councils on Skills will be informed by the research project Human Capital Study carried out by  Polish Agency for Enterprise Development at the level of the national economy and in the different industries covered by the Sector Councils on Skills. The product includes the Employer of Tomorrow contest which awards those businesses which actively collaborate with education and science in developing the skills of young people – future employees.

more

Legal support for start-ups (pilotage –  PRKL specific grant)

Legal support for start-ups (pilotage –  PRKL specific grant)

Legal support for start-ups (micro-, small and medium-sized enterprises) to assist in the implementation of the investment process. Law firms chosen by the Polish Agency for Enterprise Development will provide legal services in the area of formal and legal analysis of investment agreements, including an assessment of the conditions of legal protection and legal risks from the perspective of the enterprise. 

  • individual legal counselling is provided during the negotiations of the terms of the investment agreement
  • own contribution is not required 
  • the program is intended for SMEs which have been conducting economic activity on the territory of the Republic of Poland not longer than 3 years
  • the maximum level of assistance for one entrepreneur amounts to PLN 10.000 and is 100 percent financed by the State budget
  • the services will be provided during the period from September to November 2017

more

"First Business- Start-up Support" Programme

Authority responsible for the programme is Bank Gospodarstwa Krajowego.

The programme provides loans on preferential terms for:

  • starting a new business;
  • creating new jobs for the unemployed.

Secondary school and university graduates, last-year university students and the unemployed are eligible to apply for low-interest loans to start a new business.

Loans for the creation of new jobs for the unemployed are available not only for borrowers using loans to start a new business but also private kindergartens and schools, as well as crèches and children clubs.
Borrowers granted a loan to start a new business may use free-of-charge advisory and training services to use the loans effectively.

The programme supports entrepreneurship and the creation of new jobs in order to improve the job market, prevent unemployment and promote employment. Loans are granted by financial intermediaries partnered with BGK.

more

 

Technology innovation loans

Authority responsible for the programme is Bank Gospodarstwa Krajowego.

“Technology innovation loans” are financial support instruments improving the innovativeness and competitiveness of small and medium-sized enterprises. Support is available for investments in technology aiming to acquire and implement new technologies or to develop proprietary technologies for the production of new or materially improved goods, processes and services in Poland.
Technologies to be implemented should be based on:

  • industrial property rights, or
  • R&D results, or
  • industrial research results, or
  • unpatented technical expertise.

Technology loans are available for the acquisition of fixed assets which deploy new technologies in a technology investment project.
The borrower support consists in a technology premium provided as repayment of a part of the technology loan granted by a commercial bank for the technology investment project.
The borrower’s down-payment is at least 25% of the eligible expenditures in the technology investment project financed with the technology loan.

more

Venture Capital Funds

Venture Capital Funds

PFR Ventures JSC is a fund of funds and offers repayable financing to innovative SMEs through selected financial intermediaries (including venture capital funds and business angels). Financing available from the Fund for investments in innovative projects is sourced from European funds (the Smart Development Operational Programme 2014-2020) and private investors via selected financial intermediaries.

PFR Starter FIZ

PFR Ventures JSC offers PFR Starter FIZ, a fund which provides financial support to innovative start-ups (at the phase of pre-incubation, incubation, and launch) through financial intermediaries whose experience and competences ensure smart money (access to know-how and expertise as well as business contacts) which largely improves the chances of commercial success.

  • Funding available from PFR Starter FIZ: ca. PLN 782 million
  • Average investment per company: ca. PLN 500 thousand
  • Financing structure: 80% from the PFR Fund / 20% of private money
  • Investment period: investment in funds 2017-2020, investment in businesses 2017-2023
  • Investment process: open selection of investment firms run by PFR Ventures JSC
  • Expected opening of the selection of financial intermediaries: December 2016

PFR Ventures JSC is adding another three funds of funds which will launch in early 2017; details about the new funds will be published on the website.

more

Innovation Loan Fund (FPI)

Authority responsible for the programme is Polish Agency for Enterprise Development.

FPI is a tailor-made product addressed to businesses with low creditworthiness which are implementing high-risk innovative projects.

The Fund supports private investment in start-ups and helps them improve the performance of their projects.

FPI requires an equity investment of seed funds, business angels or venture capital funds: investor funding is fully matched by FPI.

Investors must be identified by the business interested in a loan from the Fund.

SMEs pay no fees or commissions for loans granted and administered by the Fund. The only cost of the loan includes interest cost and collateral.

Amount of financing:

  • up to 100% of eligible expenses
  • minimum amount of eligible expenses: PLN 200 thousand; maximum: PLN 2 million

Interest is offered at a preferential rate compared to market rates.

The loan repayment period is attractive: up to 8 years with a grace period up to 2 or 3 years.

Businesses may also use the loan to invest in property, plant and equipment or intangible assets, working capital, or acquisition of equity in enterprises.

more

Export debt finance (including DOKE, Export Finance Government Programme, Export Guarantees)

Bank Gospodarstwa Krajowego (BGK) offers support to exporters, in particular exporters of products and services which fulfil the definition of “Polish Product”.
Depending on actual needs, BGK offers bank products which:

  • provide financing to foreign buyers of Polish goods and services (letters of credit, bank-to-bank buyer loans, international factoring, L/C discounting);
  • provide debt financing to Polish companies planning international expansion (e.g., acquisition of a foreign company or expansion of the production capacity).

Loans granted under the Export Finance Government Programme are covered by insurance provided by the Credit Export Insurance Corporation KUKE S.A.
BGK also offers DOKE – a programme which ensures stable interest on export loans granted to buyers by local banks, foreign banks, or international financial institutions. BGK and the export lending bank, which is a party to a DOKE Agreement for the financed transaction, mutually offset the interest rate differential (positive or negative).
BGK support instruments are available to companies established in Poland, including companies of all sectors, sizes and export markets.

more

 

Debt finance for exports and international expansion of Polish companies

Under the Export Finance Programme, Bank Gospodarstwa Krajowego (BGK) provides foreign buyers with loans which finance export contracts for Polish goods and services. The loans are disbursed directly to the foreign exporter and repaid by the foreign buyer after delivery. Buyer loans are granted at each time following a case-by-case transaction and borrower review. For instruments which require the participation of a buyer’s bank, BGK grants the loan subject to available limits set for the counterparty bank.
All loans are covered by insurance provided by the Credit Export Insurance Corporation KUKE S.A.
The Export Finance Government Programme includes the following instruments which finance Polish exports:

  • buyer loans granted via the buyer’s bank;
  • direct buyer loans;
  • refinancing of the exporter’s loans.

For transactions with buyers in non-market risk countries, the following short-term finance instruments are available:

  • export L/C post-financing;
  • export L/C discounting;
  • documentary L/C confirmation;
  • export pre-financing.

Under the Foreign Expansion Fund, BGK offers equity co-financing of international investment projects of Polish companies.

more

FIZ AN Foreign Expansion Fund – equity co-financing of international expansion of Polish companies

The Foreign Expansion Fund provides Polish companies with equity co-financing of their international investment projects. The Fund invests together with Polish companies directly in a foreign subsidiary and shares the risks of the international project.

The Fund may co-finance the acquisition of a foreign company, the formation of a new company or the growth of an existing foreign subsidiary of a Polish company. The Fund is always a minority interest holder and leaves the management of the foreign project to the Polish company.

The Fund invests in European Union member states and third countries, including developing and high-risk countries, in nearly all sectors, not only in production companies but also distributors and service providers.

  • The Fund acquires interest in existing or new foreign companies set up to implement the expansion project of a Polish company.
  • When the foreign subsidiary generates the deliverables, the Fund sells its interest to the Polish company on market terms.
  • The Fund exits the project within 10 years. The Fund requires no repayment before divestment.

The Fund also grants loans to foreign subsidiaries of Polish companies. Loans may be secured exclusively with assets of the foreign subsidiary without recourse to the Polish company.

The FIZAN Foreign Expansion Fund is managed by TFI BGK S.A.

more

Insurance in international trade

Export Credit Insurance Corporation JSC (KUKE S.A.) offers insurance of trade receivables as a comprehensive solution hedging the risk of domestic and export sales with deferred payment. Insurance is also available on simplified terms to companies starting to trade or operating small-scale business.

Insurance of mid-term and long-term export contracts covers investment projects including delivery of plant, machinery, production lines, and turn-key properties. The repayment period of an export loan used to finance such contracts may be up to 2 years or more.

more

Insurance of export transactions financed by banks and financial institutions. With its expertise and experience, KUKE S.A. works efficiently with local and international institutions. Offered insurance products allow banks to safely finance export contracts and ensure successful closing of deals by companies.

more

 

Guarantees in international trade

Insurance guarantees confirm the company’s ability to deliver the contract. With Export Credit Insurance Corporation JSC (KUKE S.A.) guarantees, contractors do not need to invest own funds and may compete for additional contracts. KUKE S.A. offers guarantees which cover the entire span of the contract: security deposit bonds, performance bonds, advance payment return guarantees, and maintenance bonds.

KUKE S.A. also offers guarantees of repayment of short-term loans granted by banks to companies in order to finance export contracts.

more

Banks which confirm, discount or post-finance letters of credit opened by foreign banks get KUKE S.A. guarantees securing their debt. KUKE S.A. guarantees and takes over the risk of transactions, allowing financial institutions to support the export business of their clients.

more

Competences

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.  

The first steps in international expansion require the necessary support to equip the future investor with the required expertise and skills relating to globalization. We offer support at the stage of investment decision-making in order to develop a comprehensive strategy of international expansion.
The first steps are outlined at an investment workshop tailored to the expectations of the company. Our experts deliver training at the Agency and in locations selected by clients.

The product includes two key components:

  • investment workshops
  • mentoring

more

Advisory

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Long-term relations with foreign investors are a key success driver. We assist clients throughout the investment process and much longer, well beyond the inception of a foreign subsidiary.
Our experienced expert team provides a list of attractive locations where the client’s investment stands the best chance of success and identifies the optimum implementation track for the project in selected markets.
We take prospective investors to the target host country in order to understand the local investment potential.
Once the investment is in place, we check how the Polish investor performs, and we support its next steps.

The product includes the following components:

  • location advisory
  • location review
  • study tour
  • after care

more

Investment incentives

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Polish companies investing abroad are eligible to use local support instruments including financial grants offered by the government of the host country. The availability and specificity of instruments in the target host country require a case-by-case review.

more

Polish Champion Project

The Polish Champion Project helps Polish private companies to become leaders of international expansion. Project participants learn how to identify barriers in foreign expansion, work with experts to develop good business practice, and use the support of the Polish government in their foreign investments.

The Polish Champion Project provides workshops in financing of international expansion and the legal and fiscal aspects of expansion.

The Polish Investment and Trade Agency's JSC main partner in the Polish Champion Project is the consultancy PWC.

more

 

Potential markets and distributions channels: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Our experts develop an in-depth analysis of client expectations and business profile to recommend a market entry strategy for a product category and provide a range of necessary information about the characteristics of the local distribution channels.

more

Local contacts: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

A safe market entry represents a major challenge. We work with Polish missions abroad to facilitate the selection and identification of potential business partners and establish contacts with local authorities.
We offer an umbrella of public support for our clients and facilitate their international expansion through business missions, conferences, meetings and seminars in Poland and abroad.

more

Business partner check: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

To identify a reliable foreign partner, companies must have relations with and an understanding of other markets. Our experienced experts pre-select reliable partners based on public data and business intelligence. To establish closer relations with potential partners, we recommend an in-depth review of the target.

more

Preparation for trade fairs: Africa and China

The Polish Investment and Trade Agency supports development of Polish entrepreneurs.

Trade fairs are among the most effective ways to establish business relations with foreign partners. In many countries, especially countries with different cultures, personal contacts are a prerequisite of business relations. To participate in trade fairs and take full advantage of promotion opportunities, companies must be properly prepared. We help to comprehensively prepare Polish businesses for participation in international trade fairs. We provide a range of necessary information about market specificities and offer consulting in how to draft marketing materials matched to the local business culture.

more

Business missions: Africa and China

Business missions organised by The Polish Investment and Trade Agency JSC provide clients with a range of opportunities: participation in workshops, conferences, trade fairs, as well as dedicated business meetings helping to understand the local market. All events are arranged under the umbrella of Polish public institutions, frequently with the participation of top-ranking officials of the central and local administration.

more

Dedicated business meetings: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

With a good understanding of the business specificity of both partners and an extensive network of business relations, we can arrange successful B2B sessions. Our experts organise customised business meetings in Poland and abroad, depending on the client’s required business profile and expected forms of co-operation.

more

Workshops and training

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

We organise business workshops and training sessions helping Polish companies to gain an operational understanding of exports to a new market. We arrange training and workshops with the participation of experts who have operational experience in the local market. We offer training both in Poland and in selected markets.

more

Publications

Publications issued by The Polish Investment and Trade Agency JSC are addressed both to potential foreign investors and Polish companies interested in exporting to selected markets. The publications present Poland as an attractive venue for investing and outline the Polish economy, investment incentives, and the key sectors of Poland’s economy. Publications addressed to Polish companies interested in foreign markets are developed by the Agency independently or in collaboration with partners to present selected foreign markets and their political, social, economic, legal and investment profile, including practical advice on available instruments supporting foreign expansion. The Agency also issues dedicated publications.

more

Promotion of product brands: Go to Brand

Authority responsible for the programme is Polish Agency for Enterprise Development (PARP).

Financing of export development projects (Support for SMEs in product brand promotions: Go to Brand – sub-measure 3.3.3 of the Smart Development Operational Programme)
 
PARP supports the international promotion of Polish products. Co-financing is available for microfirms, small and medium-sized enterprises participating in promotions under industry and general promotion programmes. Industry promotion programmes are run for twelve industries with the biggest export potential.

Support is provided in order to finance the cost of participation in industry fairs and congresses, business missions, as well as information and promotion projects. Financing is also available for advisory and training services. Co-financing includes non-repayable grants up to PLN 850 thousand

more

 

 

SME internationalisation in Eastern Poland

Financing of export development projects (SME internationalisation – measure 1.2 of the Eastern Poland Operational Programme).

The Polish Agency for Enterprise Development supports businesses from the Eastern Poland macroregion in the international markets. Support is available to microfirms, small and medium-sized enterprises which are launching exports. Co-financing is provided for advisory services including reviews of the internationalisation potential, reaching readiness of the business and its offer for exports, reviews of export markets, marketing studies, realignment of products, distribution channels, promotion strategies, and identification of business partners.

The maximum amount of non-repayable co-financing for projects is PLN 550 thousand.

more

 

 

Internationalisation of National Key Clusters

Financing of export development projects (Internationalisation of National Key Clusters – sub-measure 2.3.3)

 ThePolish Agency for Enterprise Development. supports the internationalisation of businesses operating within National Key Clusters as well as R&D and innovations. The measure improves the capacity of clusters to maintain relations with foreign partners and to enhance co-operation within the cluster (between the co-ordinator and the members of the National Key Cluster). Support is available to co-ordinators of National Key Clusters. The end users of support include businesses participating in the clusters.

Support is provided to projects for the following services:

  • international marketing of products of the cluster (and its members), especially high-tech products;
  • activation of the internationalisation of cluster members;
  • networking and exchange of expertise with foreign partners;
  • international co-operation;
  • improved visibility of the cluster in international markets.

The maximum amount of eligible expenditures of the project is PLN 6 milion.

more

 

IT/ICT Promotion Program

Polish Agency for Enterprise Development (PARP) implements the IT/ICT Promotion Program, which aims at promotion of the Polish ICT products and services abroad. Main activities within the framework of the program will be organization of Polish national stands during chosen trade fairs and conferences around the world.

The program was developed in the framework of the Operational Program Smart Growth, Submeasure 3.3.2.

more

Financing of corporate restructuring

Industrial Development Agency JSC (ARP S.A.) offers comprehensive services in financing of the restructuring of companies. We offer restructuring support including additional working capital, restructuring of funding, and financing of restructuring. Loans available from ARP S.A. are mid-term and long-term loans available to industrial companies and their service providers.
Benefits for borrowers:

  • tenors depend on the project profile (from 3 to 7 years or longer if necessary);
  • funding tailored to individual needs (from PLN 2 to 40 million);
  • substantive and procedural support of ARP S.A. experts;
  • simple application process (electronic application forms);
  • quick decision-making: projects are reviewed within 10 days of submission;
  • additional funding available if existing creditors cannot raise their exposure (due to restrictions under the banking law).

The decision-making deadlines depend on the amount of financing:

  • up to the equivalent of EUR 2 million – approximately 1 month;
  • over EUR 2 million – from 1.5 to 2 months.

Companies which apply for financing are contacted directly by ARP S.A. Financial Service Department staff who offer substantive and procedural support.

more

Location advisory

Programme supported by The Polish Investment and Trade Agency JSC.

The selection of an optimum investment track is a key success driver of any planned project.
To meet clients’ expectations and facilitate decision-making, we work with regional partners to provide an Investment Offer Database. It is a continuously expanding list of locations in Poland available for greenfield and brownfield investment projects. This is an indispensable tool of strategic advisory offered to companies and investors keen to start business in Poland and supporting everyone seeking an attractive location.

more

 

Business co-operation

Successful investments allow our clients to grow in Poland. This is why The Polish Investment and Trade Agency JSC (PAIH S.A.) helps foreign and Polish companies to find business partners in Poland, who meet specific criteria (location, production profile, size in terms of headcount and sales). If you are interested in privatisation projects or Public-Private Partnership, PAIH S.A. offer support in arranging contacts with appropriate partners.

more

 

Investment incentives

Programme supported by The Polish Investment and Trade Agency JSC.

Poland offers a broad range of investment incentives. Investors have access to government grants funded under the Support Programme for Investments of material impact on the Polish economy in 2011 – 2023 (employment grants and investment grants). They can also take advantage of tax holidays (income tax relief in Special Economic Zones; property tax holidays), as well as instruments co-financed by European funds.

All support instruments are available on equal terms and conditions to foreign and Polish investors.

more

 

Business advocacy

The Polish Investment and Trade Agency JSC (PAIH S.A.) helps clients to resolve current issues in their business in Poland. PAIH S.A. offers mediation support, relations management, and intermediation in contacts with the central administration and local governments. The Agency conducts on-going monitoring of business barriers and develop comprehensive legislative solutions to minimise business obstacles.

PAIH S.A. has founded the Investor Club (KI), a group of entrepreneurs and central government officials who meet regularly and support the growth of companies, clusters, sectoral and national groups.

more

 

PFR NCBR CVC

PFR Ventures Sp. z o. o. executes PFR NCBR CVC, which is the first fund of funds (FoF).

PFR NCBR CVC provides financing to Corporate Venture Capital (CVC) funds managed by professional and investor-independent investment teams.

The created CVC funds will invest in technological companies at the stage of growth and expansion (investment ticket: PLN 5-60 million).

The product is addressed to potential Financial Agents/Managing Entities/Corporate Venture Capital Funds.

The required contribution of the Private Investor is at least 50% of the Declared Capitalisation of the Financial Agent.

The investment period of CVC funds is 5 years (with the possibility of prolongation), however no longer than to 31 December 2023.

more

Start-up acceleration: ScaleUp Programme

Authority responsible for the programme is Polish Agency for Enterprise Development.

This measure supports the growth of start-ups in acceleration programmes implemented in partnership with large companies. The programmes provide assistance in the development of products and services which may potentially be used in the business of participating large companies. Co-financing of an accelerator is offered up to PLN 6 million.

Start-ups may use the experience and expertise of large companies and access their business contacts and technology resources. They also get financial assistance up to PLN 200 thousand, as well as a package of services worth PLN 50 thousand. This is a pilot project; the call for applications has been closed. Start-up applications will be accepted in Q1 2017.

more

 

ARP Innovation Pitch

Support for cooperation between start-ups and SMEs and large companies.

The main objective of the project implemented by Industrial Development Agency JSC  is associate as many small and medium-sized enterprises with large companies.

more

Debt finance at all stages of the market cycle (investment loans, bonds)

Bank Gospodarstwa Krajowego (BGK) offers investment loans and bond issues for companies (including companies owned by local governments) and local governments (municipalities, districts, municipal associations).
Financing is tailor-made as the terms including the amount, tenor, price, collateral, down-payment, etc., are defined case by case for each project. BGK provides funding from its own resources or under credit lines extended by EIB and KfW.

  •  Investment loans

BGK offers investment loans as long-term funding of investment projects including projects co-financed by the EU (BGK provides matching for EU funds).

more - Bank accounts of local governments

more - Bank account for entrepreneurs

  • Bonds

Debt instruments dedicated to eligible issuers. A bond issue programme underwritten by the bank is an alternative to investment loans.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Debt financing for medium-sized and large enterprises

Industrial Development Agency JSC  (ARP S.A.) finances the growth of industrial companies by granting loans matched with their current needs, including investment and working capital loans. The financing is a great addition to equity funding of medium-sized and large enterprises. The offer is available to industrial companies and their service providers.

Benefits for users:

  • financing matched with the company’s needs;
  • tenors matching the project profile (from 3 to 7 years or more if necessary);
  • credit exposures from PLN 2 to 50 million;
  • financing of up to 80% of capex (less than 20% down-payment acceptable in special cases);
  • corporate growth financing opportunities;
  • addition to equity funding or EU co-financing;
  • project structuring support.

The decision-making deadlines depend on the amount of financing:

  • up to the equivalent of EUR 2 million – approximately 1 month;
  • over EUR 2 million – from 1.5 to 2 months.

Companies which apply for financing are contacted directly by ARP S.A. Financial Service Department staff who offer substantive and procedural support.

more

Equity financing of SME growth

The Polish Development Fund JSC offers financing of industrial development is available from a non-public assets closed-ended investment fund (FIZAN). Financing is typically provided as equity investment in minority interests; in addition, the Fund buys bonds and provides mezzanine financing and hybrid financing.

  • Financial instruments: equity/mezzanine
  • Sectors: industry and services
  • Investment type: investment in existing companies
  • Preferred investment period: 5-7 years (or longer in special cases)
  • Interest level (by value): from PLN 30 million to PLN 300 million
  • Interest level (percentage): the Fund invests in minority interests (from 10% to 50% less 1 share) in the share capital
  • Funds: Fundusz Inwestycji Polskich Przedsiębiorstw (FIPP)

 

Working capital finance (working capital loans and factoring)

Bank Gospodarstwa Krajowego  short-term funding offer helps companies to meet current liabilities or repay debt to other banks.
Working capital loans ensure:

  • improved liquidity position;
  • immediate access to funding;
  • additional working capital necessary to deliver more contracts and projects;
  • business continuity.

Factoring ensures the following benefits to the seller:

  • shorter period of collecting receivables for delivered goods and services;
  • more attractive terms of payment offered to clients;
  • no-recourse factoring eliminates financial risks of debtor default;

and the following benefits to the debtor:

  • implementation of “build and finance” investment projects without separate tenders for contractors and creditors;
  • longer period of payment matching the financial potential.

more

 

Loans from international financial institutions (EIB and KfW)

Bank Gospodarstwa Krajowego (BGK) in partnership with the European Investment Bank and the German development bank KfW offers loans which finance investment projects on preferential terms.

Benefits for borrowers include attractive pricing, especially for longer tenors of loans, reducing current payments and the total cost of financing.

To define the optimum financing structure and minimise costs, EIB and KfW funding may be combined. The loans may also be combined with funding by BGK. Irrespective of the financing structure, the borrower signs a single loan agreement with BGK.

Loans are offered to commercial private companies as well as public entities.

Investment loans from EIB and KfW ensure the following:

  • reduced cost of borrowing compared to the standard terms,
  • enhanced return on equity due to a higher leverage,
  • principal payment deferred until the completion of the investment project and revenue generation,
  • long tenors matched with the specificity of the investment project,
  • financing in PLN or EUR.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Cash management

Bank Gospodarstwa Krajowego offers state-of-the-art solutions supporting current business operations, such as planning, monitoring and management of liquid cash.

Offered cash management products:

1.    Bank accounts

  • current accounts
  • auxiliary accounts
  • escrow accounts – security of trade transactions
  • deposit accounts – dedicated security deposits
  • payroll accounts – salary payments

2.    Standard deposits (including overnight deposits - Autoinwestycja)
3.    Non-cash settlements

  • domestic payments – Elixir, Sorbnet
  • international payments – SEPA, TARGET2, SWIFT (express, priority, standard)

4.    Cash management – cash intermediaries (Poczta Polska, Pekao SA, BZWBK, Bank Pocztowy)

  • ‘open’ cash deposits and withdrawals at a cash desk (PLN, EUR, USD, CHF, GBP)
  •  ‘closed’ cash deposits and withdrawals at the client’s including cash transports (PLN)

5.    VISA payment cards – charge cards, debit cards, prepaid cards
6.    Special services:

  • processing and identification of incoming cash payments
  • cash pooling – automatic balance transfers between accounts
  • mass payments – processing of multiple outgoing payments (1 million transactions per day)

Services are offered directly at bank branches and via remote channels of the electronic banking system.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

Treasury products (FX, derivatives, negotiated deposits, securities)

Bank Gospodarstwa Krajowego easury product offer is a range of instruments including attractive FX transactions, placements of liquid cash as needed, and hedging against interest rate and FX risks.
Offered treasury products include:

  • FX transactions – purchase or sale of the base currency against a quoted currency at a negotiated exchange rate agreed between the bank and the client, settled on the due date (value date).
  • FX risk management products – hedging against FX risk:
    • FX forwards;
    • FX swaps;
    • FX options.
  • Interest rate risk management products – interest rate risk hedging:
    • Interest rate swaps (IRS);
    • Cross-currency interest rate swaps (CIRS);
    • A wide range of investment products – safe and effective management of liquid cash tailored to current needs;
    • Negotiated money market deposits;
    • Treasury bills;
    • Treasury bonds;
    • Municipal bonds;
    • BSB / SBB.

more

Insurance and guarantees in domestic trade

Export Credit Insurance Corporation JSC (KUKE S.A.) offers insurance of trade receivables as a comprehensive solution hedging the risk of domestic and export sales with deferred payment. Insurance is also available on simplified terms to companies starting to trade or operating small-scale business.

more

Insurance guarantees confirm the company’s ability to deliver the contract. With KUKE S. A. guarantees, contractors do not need to invest own funds and may compete for additional contracts. KUKE S.A. offers guarantees which cover the entire span of the contract: security deposit bonds, performance bonds, advance payment return guarantees, and maintenance bonds.

more

Factoring

Factoring provides companies with immediate cash injections by releasing cash locked under outstanding invoices. Factoring is a popular service used by Polish companies to obtain external funding for on-going business.

Factoring is a comprehensive service. In addition to quick cash, factoring includes a package of additional services such as clearing accounts for clients, debt monitoring and enforcement, and acceptance of the risk of buyer default.

KUKE Finance JSC offers all types of factoring covering domestic and international debt, including complete factoring with acceptance of the risk of contractor default.

more

Export debt finance (including DOKE, Export Finance Government Programme, Export Guarantees)

Bank Gospodarstwa Krajowego (BGK) offers support to exporters, in particular exporters of products and services which fulfil the definition of “Polish Product”.
Depending on actual needs, BGK offers bank products which:

  • provide financing to foreign buyers of Polish goods and services (letters of credit, bank-to-bank buyer loans, international factoring, L/C discounting);
  • provide debt financing to Polish companies planning international expansion (e.g., acquisition of a foreign company or expansion of the production capacity).

Loans granted under the Export Finance Government Programme are covered by insurance provided by the Credit Export Insurance Corporation KUKE S.A.
BGK also offers DOKE – a programme which ensures stable interest on export loans granted to buyers by local banks, foreign banks, or international financial institutions. BGK and the export lending bank, which is a party to a DOKE Agreement for the financed transaction, mutually offset the interest rate differential (positive or negative).
BGK support instruments are available to companies established in Poland, including companies of all sectors, sizes and export markets.

more

 

Debt finance for exports and international expansion of Polish companies

Under the Export Finance Programme, Bank Gospodarstwa Krajowego (BGK) provides foreign buyers with loans which finance export contracts for Polish goods and services. The loans are disbursed directly to the foreign exporter and repaid by the foreign buyer after delivery. Buyer loans are granted at each time following a case-by-case transaction and borrower review. For instruments which require the participation of a buyer’s bank, BGK grants the loan subject to available limits set for the counterparty bank.
All loans are covered by insurance provided by the Credit Export Insurance Corporation KUKE S.A.
The Export Finance Government Programme includes the following instruments which finance Polish exports:

  • buyer loans granted via the buyer’s bank;
  • direct buyer loans;
  • refinancing of the exporter’s loans.

For transactions with buyers in non-market risk countries, the following short-term finance instruments are available:

  • export L/C post-financing;
  • export L/C discounting;
  • documentary L/C confirmation;
  • export pre-financing.

Under the Foreign Expansion Fund, BGK offers equity co-financing of international investment projects of Polish companies.

more

FIZ AN Foreign Expansion Fund – equity co-financing of international expansion of Polish companies

The Foreign Expansion Fund provides Polish companies with equity co-financing of their international investment projects. The Fund invests together with Polish companies directly in a foreign subsidiary and shares the risks of the international project.

The Fund may co-finance the acquisition of a foreign company, the formation of a new company or the growth of an existing foreign subsidiary of a Polish company. The Fund is always a minority interest holder and leaves the management of the foreign project to the Polish company.

The Fund invests in European Union member states and third countries, including developing and high-risk countries, in nearly all sectors, not only in production companies but also distributors and service providers.

  • The Fund acquires interest in existing or new foreign companies set up to implement the expansion project of a Polish company.
  • When the foreign subsidiary generates the deliverables, the Fund sells its interest to the Polish company on market terms.
  • The Fund exits the project within 10 years. The Fund requires no repayment before divestment.

The Fund also grants loans to foreign subsidiaries of Polish companies. Loans may be secured exclusively with assets of the foreign subsidiary without recourse to the Polish company.

The FIZAN Foreign Expansion Fund is managed by TFI BGK S.A.

more

Insurance in international trade

Export Credit Insurance Corporation JSC (KUKE S.A.) offers insurance of trade receivables as a comprehensive solution hedging the risk of domestic and export sales with deferred payment. Insurance is also available on simplified terms to companies starting to trade or operating small-scale business.

Insurance of mid-term and long-term export contracts covers investment projects including delivery of plant, machinery, production lines, and turn-key properties. The repayment period of an export loan used to finance such contracts may be up to 2 years or more.

more

Insurance of export transactions financed by banks and financial institutions. With its expertise and experience, KUKE S.A. works efficiently with local and international institutions. Offered insurance products allow banks to safely finance export contracts and ensure successful closing of deals by companies.

more

 

Guarantees in international trade

Insurance guarantees confirm the company’s ability to deliver the contract. With Export Credit Insurance Corporation JSC (KUKE S.A.) guarantees, contractors do not need to invest own funds and may compete for additional contracts. KUKE S.A. offers guarantees which cover the entire span of the contract: security deposit bonds, performance bonds, advance payment return guarantees, and maintenance bonds.

KUKE S.A. also offers guarantees of repayment of short-term loans granted by banks to companies in order to finance export contracts.

more

Banks which confirm, discount or post-finance letters of credit opened by foreign banks get KUKE S.A. guarantees securing their debt. KUKE S.A. guarantees and takes over the risk of transactions, allowing financial institutions to support the export business of their clients.

more

Insurance of Polish foreign direct investments

International acquisitions, launch of production, or inception of a distributorship are typical ways for companies to expand abroad. Insurance of foreign direct investments offered by Export Credit Insurance Corporation JSC protects the investment of a Polish company against events triggered by political risks in the host country.

more

 

 

Competences

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.  

The first steps in international expansion require the necessary support to equip the future investor with the required expertise and skills relating to globalization. We offer support at the stage of investment decision-making in order to develop a comprehensive strategy of international expansion.
The first steps are outlined at an investment workshop tailored to the expectations of the company. Our experts deliver training at the Agency and in locations selected by clients.

The product includes two key components:

  • investment workshops
  • mentoring

more

Advisory

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Long-term relations with foreign investors are a key success driver. We assist clients throughout the investment process and much longer, well beyond the inception of a foreign subsidiary.
Our experienced expert team provides a list of attractive locations where the client’s investment stands the best chance of success and identifies the optimum implementation track for the project in selected markets.
We take prospective investors to the target host country in order to understand the local investment potential.
Once the investment is in place, we check how the Polish investor performs, and we support its next steps.

The product includes the following components:

  • location advisory
  • location review
  • study tour
  • after care

more

Investment incentives

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Polish companies investing abroad are eligible to use local support instruments including financial grants offered by the government of the host country. The availability and specificity of instruments in the target host country require a case-by-case review.

more

Polish Champion Project

The Polish Champion Project helps Polish private companies to become leaders of international expansion. Project participants learn how to identify barriers in foreign expansion, work with experts to develop good business practice, and use the support of the Polish government in their foreign investments.

The Polish Champion Project provides workshops in financing of international expansion and the legal and fiscal aspects of expansion.

The Polish Investment and Trade Agency's JSC main partner in the Polish Champion Project is the consultancy PWC.

more

 

Potential markets and distributions channels: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

Our experts develop an in-depth analysis of client expectations and business profile to recommend a market entry strategy for a product category and provide a range of necessary information about the characteristics of the local distribution channels.

more

Local contacts: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

A safe market entry represents a major challenge. We work with Polish missions abroad to facilitate the selection and identification of potential business partners and establish contacts with local authorities.
We offer an umbrella of public support for our clients and facilitate their international expansion through business missions, conferences, meetings and seminars in Poland and abroad.

more

Business partner check: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

To identify a reliable foreign partner, companies must have relations with and an understanding of other markets. Our experienced experts pre-select reliable partners based on public data and business intelligence. To establish closer relations with potential partners, we recommend an in-depth review of the target.

more

Preparation for trade fairs: Africa and China

The Polish Investment and Trade Agency supports development of Polish entrepreneurs.

Trade fairs are among the most effective ways to establish business relations with foreign partners. In many countries, especially countries with different cultures, personal contacts are a prerequisite of business relations. To participate in trade fairs and take full advantage of promotion opportunities, companies must be properly prepared. We help to comprehensively prepare Polish businesses for participation in international trade fairs. We provide a range of necessary information about market specificities and offer consulting in how to draft marketing materials matched to the local business culture.

more

Business missions: Africa and China

Business missions organised by The Polish Investment and Trade Agency JSC provide clients with a range of opportunities: participation in workshops, conferences, trade fairs, as well as dedicated business meetings helping to understand the local market. All events are arranged under the umbrella of Polish public institutions, frequently with the participation of top-ranking officials of the central and local administration.

more

Dedicated business meetings: Africa and China

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

With a good understanding of the business specificity of both partners and an extensive network of business relations, we can arrange successful B2B sessions. Our experts organise customised business meetings in Poland and abroad, depending on the client’s required business profile and expected forms of co-operation.

more

Workshops and training

The Polish Investment and Trade Agency JSC supports development of Polish entrepreneurs.

We organise business workshops and training sessions helping Polish companies to gain an operational understanding of exports to a new market. We arrange training and workshops with the participation of experts who have operational experience in the local market. We offer training both in Poland and in selected markets.

more

Publications

Publications issued by The Polish Investment and Trade Agency JSC are addressed both to potential foreign investors and Polish companies interested in exporting to selected markets. The publications present Poland as an attractive venue for investing and outline the Polish economy, investment incentives, and the key sectors of Poland’s economy. Publications addressed to Polish companies interested in foreign markets are developed by the Agency independently or in collaboration with partners to present selected foreign markets and their political, social, economic, legal and investment profile, including practical advice on available instruments supporting foreign expansion. The Agency also issues dedicated publications.

more

Debt finance for large investment projects with a long time horizon of return in investment

Bank Gospodarstwa Krajowego (BGK) provides debt financing of large investment projects, including loans, guarantees, and bond issue programmes. The programme focuses on development projects and provides long-term financing of investments with an impact on the national economy and strategic interests of the State. In particular, the bank works to create conditions for long-term financing of sustainable investment projects in the following sectors:

  • energy infrastructure (distribution and generation);
  • gas infrastructure (transmission grid, production, storage),
  • development of carbohydrate resources (including shale gas),
  • transport infrastructure,
  • local government infrastructure (waste management, transport),
  • industrial and telecommunication infrastructure.

The bank also combines long-term debt and equity financing through investment funds in which it holds interest.
Companies are encouraged to submit their projects to BGK at an early stage of the investment process in order to define the mutual expectations and terms of co-operation. The programme does not include preferential terms of financing for companies.

more

Financing of large investment projects with a long period of return on investment

The Polish Development Fund JSC offers equity or debt investment is available for infrastructure projects through non-public assets closed-ended investment funds (FIZAN).

It is a tailored-made product. Financing includes investment in minority interests, bonds, mezzanine and hybrid financing.

  • Required own investment: 50% of the value of the project
  • Minimum value of infrastructure investment: PLN 50 million

 

Financing of corporate restructuring

Industrial Development Agency JSC (ARP S.A.) offers comprehensive services in financing of the restructuring of companies. We offer restructuring support including additional working capital, restructuring of funding, and financing of restructuring. Loans available from ARP S.A. are mid-term and long-term loans available to industrial companies and their service providers.
Benefits for borrowers:

  • tenors depend on the project profile (from 3 to 7 years or longer if necessary);
  • funding tailored to individual needs (from PLN 2 to 40 million);
  • substantive and procedural support of ARP S.A. experts;
  • simple application process (electronic application forms);
  • quick decision-making: projects are reviewed within 10 days of submission;
  • additional funding available if existing creditors cannot raise their exposure (due to restrictions under the banking law).

The decision-making deadlines depend on the amount of financing:

  • up to the equivalent of EUR 2 million – approximately 1 month;
  • over EUR 2 million – from 1.5 to 2 months.

Companies which apply for financing are contacted directly by ARP S.A. Financial Service Department staff who offer substantive and procedural support.

more

Location advisory

Programme supported by The Polish Investment and Trade Agency JSC.

The selection of an optimum investment track is a key success driver of any planned project.
To meet clients’ expectations and facilitate decision-making, we work with regional partners to provide an Investment Offer Database. It is a continuously expanding list of locations in Poland available for greenfield and brownfield investment projects. This is an indispensable tool of strategic advisory offered to companies and investors keen to start business in Poland and supporting everyone seeking an attractive location.

more

 

Comprehensive tailored service

Each investor has a unique specificity. Specific expectations require the right approach to the investment process, tailored to the needs of the client.

The Polish Investment and Trade Agency JSC (PAIH S.A.) provides comprehensive investor support at each stage of the project. PAIH S.A. arranges study tours for companies interested in Poland as well as on-the-spot visits for investors with specific business plans. PAIH S.A. offers strategic advisory in the selection of investment locations and provides reviews of macroeconomic and microeconomic factors and cost drivers at each location. PAIH S.A. assists investors in the development and implementation of the timetable of investment projects. The Agency help to establish business relations and prepare a tailored selection of potential Polish suppliers and contractors necessary to implement the project in the optimum way.

more
 

 

Business co-operation

Successful investments allow our clients to grow in Poland. This is why The Polish Investment and Trade Agency JSC (PAIH S.A.) helps foreign and Polish companies to find business partners in Poland, who meet specific criteria (location, production profile, size in terms of headcount and sales). If you are interested in privatisation projects or Public-Private Partnership, PAIH S.A. offer support in arranging contacts with appropriate partners.

more

 

Investment incentives

Programme supported by The Polish Investment and Trade Agency JSC.

Poland offers a broad range of investment incentives. Investors have access to government grants funded under the Support Programme for Investments of material impact on the Polish economy in 2011 – 2023 (employment grants and investment grants). They can also take advantage of tax holidays (income tax relief in Special Economic Zones; property tax holidays), as well as instruments co-financed by European funds.

All support instruments are available on equal terms and conditions to foreign and Polish investors.

more

 

Business advocacy

The Polish Investment and Trade Agency JSC (PAIH S.A.) helps clients to resolve current issues in their business in Poland. PAIH S.A. offers mediation support, relations management, and intermediation in contacts with the central administration and local governments. The Agency conducts on-going monitoring of business barriers and develop comprehensive legislative solutions to minimise business obstacles.

PAIH S.A. has founded the Investor Club (KI), a group of entrepreneurs and central government officials who meet regularly and support the growth of companies, clusters, sectoral and national groups.

more

 

icon

Local governments and the public sector

icon

Foreign companies

Debt finance at all stages of the market cycle (investment loans, bonds)

Bank Gospodarstwa Krajowego (BGK) offers investment loans and bond issues for companies (including companies owned by local governments) and local governments (municipalities, districts, municipal associations).
Financing is tailor-made as the terms including the amount, tenor, price, collateral, down-payment, etc., are defined case by case for each project. BGK provides funding from its own resources or under credit lines extended by EIB and KfW.

  •  Investment loans

BGK offers investment loans as long-term funding of investment projects including projects co-financed by the EU (BGK provides matching for EU funds).

more - Bank accounts of local governments

more - Bank account for entrepreneurs

  • Bonds

Debt instruments dedicated to eligible issuers. A bond issue programme underwritten by the bank is an alternative to investment loans.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Public loans for advance financing under the Rural Development Programme 2014 – 2020

The programming period 2014 – 2020 opens a new perspective for effective use of EU funds available to local governments (municipalities, association of municipalities, districts, associations of districts) and local action groups under the Rural Development Programme 2014 – 2020 (RDP 2014 – 2020).

Local governments (municipalities, association of municipalities, districts, associations of districts) are eligible to get Bank Gospodarstwa Krajowego (BGK) loans from the public budget for advance financing of eligible expenditures in the following RDP 2014 – 2020 operations:

  • Knowledge transfer and information actions
  • Advisory services, farm management and farm relief services;
  • Basic services and village renewal
  • Co-operation
  • Leader

Local action groups are eligible for BGK loans from the public budget for advance financing of eligible expenditures in grant projects / operations in the Leader programme sub-measure supporting local development strategies managed by the community.

more

 

Loans from international financial institutions (EIB and KfW)

Bank Gospodarstwa Krajowego (BGK) in partnership with the European Investment Bank and the German development bank KfW offers loans which finance investment projects on preferential terms.

Benefits for borrowers include attractive pricing, especially for longer tenors of loans, reducing current payments and the total cost of financing.

To define the optimum financing structure and minimise costs, EIB and KfW funding may be combined. The loans may also be combined with funding by BGK. Irrespective of the financing structure, the borrower signs a single loan agreement with BGK.

Loans are offered to commercial private companies as well as public entities.

Investment loans from EIB and KfW ensure the following:

  • reduced cost of borrowing compared to the standard terms,
  • enhanced return on equity due to a higher leverage,
  • principal payment deferred until the completion of the investment project and revenue generation,
  • long tenors matched with the specificity of the investment project,
  • financing in PLN or EUR.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Cash management

Bank Gospodarstwa Krajowego offers state-of-the-art solutions supporting current business operations, such as planning, monitoring and management of liquid cash.

Offered cash management products:

1.    Bank accounts

  • current accounts
  • auxiliary accounts
  • escrow accounts – security of trade transactions
  • deposit accounts – dedicated security deposits
  • payroll accounts – salary payments

2.    Standard deposits (including overnight deposits - Autoinwestycja)
3.    Non-cash settlements

  • domestic payments – Elixir, Sorbnet
  • international payments – SEPA, TARGET2, SWIFT (express, priority, standard)

4.    Cash management – cash intermediaries (Poczta Polska, Pekao SA, BZWBK, Bank Pocztowy)

  • ‘open’ cash deposits and withdrawals at a cash desk (PLN, EUR, USD, CHF, GBP)
  •  ‘closed’ cash deposits and withdrawals at the client’s including cash transports (PLN)

5.    VISA payment cards – charge cards, debit cards, prepaid cards
6.    Special services:

  • processing and identification of incoming cash payments
  • cash pooling – automatic balance transfers between accounts
  • mass payments – processing of multiple outgoing payments (1 million transactions per day)

Services are offered directly at bank branches and via remote channels of the electronic banking system.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

Local Government Investment Fund

The Polish Development Fund JSC is equity investor in companies communal. It offers the following financial instruments:

  • Capital partner / shareholder,
  • Loan partner / shareholder,
  • Subordinated debt in relation to bank financing (mezzanine, second lien).

Local governments shall select the fund as a partner in a competitive mode procedures.

The main sectors: public tasks and tasks of their own local governments, mainly roads, streets, bridges, water and kanalizacyuny sector, social infrastructure, waste management, public transport, heating, health care

Type of investment:

  • Embracing new shares / shares existing municipal companies
  • Embracing new shares / shares in special purpose companies with the participation of local government / municipal companies
  • Embracing new or acquiring existing shares / shares of companies carrying out investments in the PPP model
  • Lending partner entities
  • The provision of subordinated debt financing entities
  • Payable acquisition of local government - through its vehicles - usufruct of shares of municipal
  • Acquisition of JST stocks / shares existing municipal companies

Preferred investment period: 15-20 years

Involvement (value): from PLN 10 to PLN 120 million.

Financing of infrastructure investments of local governments (loans, bonds)

Investment loans and municipal bonds are the core products dedicated to local governments which finance long-term investment projects including projects supported by EU funds. Investment loans and bonds may be co-financed by the European Investment Bank. They are granted for all tenors on terms defined by the local government and approved by the bank.
Income bonds are a special type of local government bonds dedicated to large investment projects.
Banku Gospodarstwa Krajowego financing ensures:

  • long tenors and grace periods;
  • flexible terms of financing matching the needs of local governments;
  • combination of loans and other preferential financing (funds and programmes, co-financing by international financial institutions) to cut the cost of financing.

Additional benefits of bonds include:

  • selection of the bank without a tender under the public procurement law;
  • no collateral required.

more

 

 

 

National infrastructure funds: National Road Fund, Railway Fund, Inland Waterway Fund

Authority responsible for the programme is Bangk Gospodarstwa Krajowego.

The National Road Fund has been established to enhance investments in the national road network and to improve effective use of public funds by supporting the government’s national road construction programme.
The Fund pools resources to finance the construction and modernisation of the national road network managed by the General Directorate for National Roads and Motorways.

more

The Railway Fund pools resources to finance projects including:

  • construction and modernisation of railway lines;
  • maintenance and repair of railway lines and liquidation of redundant railway lines;
  • current expenditures of the Polish State Railways (PKP S.A.) in the management of the railway infrastructure;
  • regional government projects in 2009 – 2020 including procurement, modernisation and repair of passenger rolling stock;
  • procurement and modernisation of PKP S.A. rolling stock dedicated to the diagnostic, maintenance, repair and construction of railway infrastructure and emergency operations.

more

The Inland Waterway Fund has been established to support inland waterways by co-financing the modernisation of shipping vessels and other projects involving the restructuring of inland waterways, environmental and safety improvements.

more

Mieszkanie Plus: Development of affordable housing for rent with a buy-in option

The first pillar of the programme Mieszkanie Plus includes the development of affordable housing for rent with a buy-in option. Local governments, private investors or companies with a stake held by the State Treasury may contribute real estate in kind (based on market valuation) to the Mieszkanie Plus Fund or sell real estate to the Fund. Local governments (companies owned by local governments) may establish a joint venture with the Fund and contribute real estate in kind. In that case, the local government may realise gains from commercial rent or take over a part of the housing for its own needs.

Another option for local governments which hold no land of their own is to lease an interest in the SPV or real estate from the Mieszkanie Plus Fund and rent it to individuals on terms defined by the local government.
Housing developed in pilot projects will be owned by special-purpose vehicles held by investment funds including the Mieszkanie Plus Fund and the Municipal Fund; their assets will be managed by BGK Nieruchomości S.A. Co-ordination and supervision of the management of the housing will also be a responsibility of BGK Nieruchomości S.A. In certain cases of joint ventures with companies operated by local governments, including Social Housing Associations (TBS), management may be a responsibility of the local government.

Key assumptions of the first pillar of the Mieszkanie Plus programme:

  • Development of affordable housing for rent with a buy-in option
  • Controlled rent available to less affluent Polish families
  • Commercial projects, no investment of taxpayers’ money
  • Impetus for development of hundreds of Polish cities and regions

more - BGK Nieruchomości S.A.

more - Municipal Fund

 

FIZ AN Municipal Fund – financing municipal real estate projects

The FIZAN Municipal Fund provides municipalities and municipal companies with co-financing of real estate investment projects.

The Municipal Fund invests in construction, acquisition, refurbishment and adaptation of buildings, as well as urban renewal real estate projects.

The Municipal Fund focuses on properties operated by municipalities, including residential properties (apartments for rent) and public buildings (office properties, municipal service front desks, offices of municipalities and municipal companies, educational and cultural buildings, etc.).

In the typical model, the local government provides the property for the project as a contribution in kind to a company established by the local government and the Municipal Fund. The Fund invests cash in the SPV necessary to complete the construction work. After completion, the property is leased to the local government for a term depending on the specificity of the project, which ranges from a dozen to 25 years. The financing provided by the Fund is repaid over that period. After expiration of the agreement, the municipality takes control of the SPV.

The Fund’s investment ranges from PLN 5 to 50 million.

The FIZAN Municipal Fund is managed by TFI BGK S.A.

more - FIZAN Municipal Fund

Fund Sector Housing for Rent

BGK Nieruchomości S.A. manages the assets in the sector of housing for rent, property management and leasing.


more

Housing project financing

Flats for the Young (MdM) is a government support programme for young people up to 35 years of age buying their first apartment. The programme is operated by Bank Gospodarstwa Krajowego (BGK) in partnership with the Ministry of Infrastructure and Construction and lending institutions.

more

The Thermomodernisation and Refurbishment Fund provides financial assistance to investors operating thermomodernisation and refurbishment projects and compensation to owners of residential properties comprising municipal housing.

more

The community and municipal housing financial support programme co-finances projects which offer housing to those most in need (community housing, protected housing, municipal housing, shelters for the homeless).

more

Preferential and commercial repayable financing of community tenant housing (SBC) is offered to community housing associations, companies owned by municipalities, and housing co-operatives. Financing includes construction loans and bonds underwritten by BGK, provided to support construction of apartments for rent with controlled rent for low income earners.

BGK also offers commercial financing for up to 30 years dedicated to construction of co-operative community housing. It is attractive for investors who want to finance apartments for rent with the option to buy as well as commercial properties which are not financed under the government’s community housing programme.

more

 

BGK’s own offer of financing the construction of community housing (bonds, loans)

Bank Gospodarstwa Krajowego (BGK) offers commercial products which finance the construction of community housing:

  • Construction loans for community housing associations and municipal companies to finance:
  • construction of apartments for rent and commercial properties for rent in housing construction projects financed by BGK;
  • purchase of properties comprising residential and commercial space in housing construction projects financed by BGK to complete construction, refurbishment, reconstruction, extension or adaptation of residential and commercial space, for rent;
  • refinancing the cost of a housing project up to 30% of the total investment cost, completed not earlier than 2 years before the announcement of a tender for the loan or the submission of the application for the loan;
  • refinancing of an investment project, purchase of land for construction, acquired not earlier than 2 years before the announcement of a tender for the loan or the submission of the application for the loan.
  • Issue of bonds

The bank offers a unique service to investors in the community housing sector: financing of projects with an issue of bonds. Bonds are issued by the community housing association or municipal company while BGK is the issue arranger (agent), the collateral agent and the issue underwriter, which ensures a comprehensive financing service.

more

Regional co-operation

Every investment project is structured in a specific region of Poland. To ensure the top quality of investment services for our clients, The Polish Investment and Trade Agency JSC (PAIH S.A.) co-operates closely with regional partners. PAIH S.A. also supports local governments in the selection of investments which help regions to grow and create new jobs. The Agency conducts audits of greenfield and brownfield investment locations. PAIH S.A. trains local governments in how to work successfully with investors. The Agency organises investment missions and participates in trade fairs and conferences where both partners can present their offers.

more - Investment properties database
more - The Golden Site Award
more - Regional co-operation

Loans from international financial institutions (EIB and KfW)

Bank Gospodarstwa Krajowego (BGK) in partnership with the European Investment Bank and the German development bank KfW offers loans which finance investment projects on preferential terms.

Benefits for borrowers include attractive pricing, especially for longer tenors of loans, reducing current payments and the total cost of financing.

To define the optimum financing structure and minimise costs, EIB and KfW funding may be combined. The loans may also be combined with funding by BGK. Irrespective of the financing structure, the borrower signs a single loan agreement with BGK.

Loans are offered to commercial private companies as well as public entities.

Investment loans from EIB and KfW ensure the following:

  • reduced cost of borrowing compared to the standard terms,
  • enhanced return on equity due to a higher leverage,
  • principal payment deferred until the completion of the investment project and revenue generation,
  • long tenors matched with the specificity of the investment project,
  • financing in PLN or EUR.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

 

Cash management

Bank Gospodarstwa Krajowego offers state-of-the-art solutions supporting current business operations, such as planning, monitoring and management of liquid cash.

Offered cash management products:

1.    Bank accounts

  • current accounts
  • auxiliary accounts
  • escrow accounts – security of trade transactions
  • deposit accounts – dedicated security deposits
  • payroll accounts – salary payments

2.    Standard deposits (including overnight deposits - Autoinwestycja)
3.    Non-cash settlements

  • domestic payments – Elixir, Sorbnet
  • international payments – SEPA, TARGET2, SWIFT (express, priority, standard)

4.    Cash management – cash intermediaries (Poczta Polska, Pekao SA, BZWBK, Bank Pocztowy)

  • ‘open’ cash deposits and withdrawals at a cash desk (PLN, EUR, USD, CHF, GBP)
  •  ‘closed’ cash deposits and withdrawals at the client’s including cash transports (PLN)

5.    VISA payment cards – charge cards, debit cards, prepaid cards
6.    Special services:

  • processing and identification of incoming cash payments
  • cash pooling – automatic balance transfers between accounts
  • mass payments – processing of multiple outgoing payments (1 million transactions per day)

Services are offered directly at bank branches and via remote channels of the electronic banking system.

more - Bank accounts of local governments

more - Bank account for entrepreneurs

Treasury products (FX, derivatives, negotiated deposits, securities)

Bank Gospodarstwa Krajowego easury product offer is a range of instruments including attractive FX transactions, placements of liquid cash as needed, and hedging against interest rate and FX risks.
Offered treasury products include:

  • FX transactions – purchase or sale of the base currency against a quoted currency at a negotiated exchange rate agreed between the bank and the client, settled on the due date (value date).
  • FX risk management products – hedging against FX risk:
    • FX forwards;
    • FX swaps;
    • FX options.
  • Interest rate risk management products – interest rate risk hedging:
    • Interest rate swaps (IRS);
    • Cross-currency interest rate swaps (CIRS);
    • A wide range of investment products – safe and effective management of liquid cash tailored to current needs;
    • Negotiated money market deposits;
    • Treasury bills;
    • Treasury bonds;
    • Municipal bonds;
    • BSB / SBB.

more

Factoring

Factoring provides companies with immediate cash injections by releasing cash locked under outstanding invoices. Factoring is a popular service used by Polish companies to obtain external funding for on-going business.

Factoring is a comprehensive service. In addition to quick cash, factoring includes a package of additional services such as clearing accounts for clients, debt monitoring and enforcement, and acceptance of the risk of buyer default.

KUKE Finance JSC offers all types of factoring covering domestic and international debt, including complete factoring with acceptance of the risk of contractor default.

more

Export debt finance (including DOKE, Export Finance Government Programme, Export Guarantees)

Bank Gospodarstwa Krajowego (BGK) offers support to exporters, in particular exporters of products and services which fulfil the definition of “Polish Product”.
Depending on actual needs, BGK offers bank products which:

  • provide financing to foreign buyers of Polish goods and services (letters of credit, bank-to-bank buyer loans, international factoring, L/C discounting);
  • provide debt financing to Polish companies planning international expansion (e.g., acquisition of a foreign company or expansion of the production capacity).

Loans granted under the Export Finance Government Programme are covered by insurance provided by the Credit Export Insurance Corporation KUKE S.A.
BGK also offers DOKE – a programme which ensures stable interest on export loans granted to buyers by local banks, foreign banks, or international financial institutions. BGK and the export lending bank, which is a party to a DOKE Agreement for the financed transaction, mutually offset the interest rate differential (positive or negative).
BGK support instruments are available to companies established in Poland, including companies of all sectors, sizes and export markets.

more

 

Publications

Publications issued by The Polish Investment and Trade Agency JSC are addressed both to potential foreign investors and Polish companies interested in exporting to selected markets. The publications present Poland as an attractive venue for investing and outline the Polish economy, investment incentives, and the key sectors of Poland’s economy. Publications addressed to Polish companies interested in foreign markets are developed by the Agency independently or in collaboration with partners to present selected foreign markets and their political, social, economic, legal and investment profile, including practical advice on available instruments supporting foreign expansion. The Agency also issues dedicated publications.

more

Location advisory

Programme supported by The Polish Investment and Trade Agency JSC.

The selection of an optimum investment track is a key success driver of any planned project.
To meet clients’ expectations and facilitate decision-making, we work with regional partners to provide an Investment Offer Database. It is a continuously expanding list of locations in Poland available for greenfield and brownfield investment projects. This is an indispensable tool of strategic advisory offered to companies and investors keen to start business in Poland and supporting everyone seeking an attractive location.

more

 

Comprehensive tailored service

Each investor has a unique specificity. Specific expectations require the right approach to the investment process, tailored to the needs of the client.

The Polish Investment and Trade Agency JSC (PAIH S.A.) provides comprehensive investor support at each stage of the project. PAIH S.A. arranges study tours for companies interested in Poland as well as on-the-spot visits for investors with specific business plans. PAIH S.A. offers strategic advisory in the selection of investment locations and provides reviews of macroeconomic and microeconomic factors and cost drivers at each location. PAIH S.A. assists investors in the development and implementation of the timetable of investment projects. The Agency help to establish business relations and prepare a tailored selection of potential Polish suppliers and contractors necessary to implement the project in the optimum way.

more
 

 

Business co-operation

Successful investments allow our clients to grow in Poland. This is why The Polish Investment and Trade Agency JSC (PAIH S.A.) helps foreign and Polish companies to find business partners in Poland, who meet specific criteria (location, production profile, size in terms of headcount and sales). If you are interested in privatisation projects or Public-Private Partnership, PAIH S.A. offer support in arranging contacts with appropriate partners.

more

 

Investment incentives

Programme supported by The Polish Investment and Trade Agency JSC.

Poland offers a broad range of investment incentives. Investors have access to government grants funded under the Support Programme for Investments of material impact on the Polish economy in 2011 – 2023 (employment grants and investment grants). They can also take advantage of tax holidays (income tax relief in Special Economic Zones; property tax holidays), as well as instruments co-financed by European funds.

All support instruments are available on equal terms and conditions to foreign and Polish investors.

more

 

Business advocacy

The Polish Investment and Trade Agency JSC (PAIH S.A.) helps clients to resolve current issues in their business in Poland. PAIH S.A. offers mediation support, relations management, and intermediation in contacts with the central administration and local governments. The Agency conducts on-going monitoring of business barriers and develop comprehensive legislative solutions to minimise business obstacles.

PAIH S.A. has founded the Investor Club (KI), a group of entrepreneurs and central government officials who meet regularly and support the growth of companies, clusters, sectoral and national groups.

more

 

PFR Biznest FIZ

The strategy of the PFR Biznest FIZ fund of funds is investment via financial agents (co-investment funds), cooperatig and co-investing with business angels, in innovative companies at the early stage of development.

The financing is granted by business angels who, thanks to their experience, competences and contacts provide the companies with so-called smart money, greatly increasing their chances for commercial success.

The product is addressed to potential Financial Agents/Managing Entities/Venture Capital Funds.

The required own contribution is at least 4% of the Declared Capitalisation of the Financial Agent.
Preferred activity types: providing necessary financing of micro-, small and medium-sized enterprises (at the stage of incubation and start-up) that implement or are going to implement and/or develop innovative solutions (in terms of products, services, processes, organisation and marketing), and that need high risk financing in co-investment with business angels due to their high risk.

more

"First Business- Start-up Support" Programme

Authority responsible for the programme is Bank Gospodarstwa Krajowego.

The programme provides loans on preferential terms for:

  • starting a new business;
  • creating new jobs for the unemployed.

Secondary school and university graduates, last-year university students and the unemployed are eligible to apply for low-interest loans to start a new business.

Loans for the creation of new jobs for the unemployed are available not only for borrowers using loans to start a new business but also private kindergartens and schools, as well as crèches and children clubs.
Borrowers granted a loan to start a new business may use free-of-charge advisory and training services to use the loans effectively.

The programme supports entrepreneurship and the creation of new jobs in order to improve the job market, prevent unemployment and promote employment. Loans are granted by financial intermediaries partnered with BGK.

more

 

Fund Sector Housing for Rent

BGK Nieruchomości S.A. manages the assets in the sector of housing for rent, property management and leasing.


more

Housing project financing

Flats for the Young (MdM) is a government support programme for young people up to 35 years of age buying their first apartment. The programme is operated by Bank Gospodarstwa Krajowego (BGK) in partnership with the Ministry of Infrastructure and Construction and lending institutions.

more

The Thermomodernisation and Refurbishment Fund provides financial assistance to investors operating thermomodernisation and refurbishment projects and compensation to owners of residential properties comprising municipal housing.

more

The community and municipal housing financial support programme co-finances projects which offer housing to those most in need (community housing, protected housing, municipal housing, shelters for the homeless).

more

Preferential and commercial repayable financing of community tenant housing (SBC) is offered to community housing associations, companies owned by municipalities, and housing co-operatives. Financing includes construction loans and bonds underwritten by BGK, provided to support construction of apartments for rent with controlled rent for low income earners.

BGK also offers commercial financing for up to 30 years dedicated to construction of co-operative community housing. It is attractive for investors who want to finance apartments for rent with the option to buy as well as commercial properties which are not financed under the government’s community housing programme.

more

 

Student loan fund

MA and PhD students who entered the university programme before turning 25 years of age are eligible for preferential student loans and guarantees offered by the government.
The monthly student loan disbursements are equal to PLN 400, PLN 600, PLN 800 or PLN 1,000 in the academic year 2016/2017. Student loans are granted for the duration of the programme and disbursed monthly for 10 months each year. Bank Gospodarstwa Krajowego (BGK) subsidises interest charged by the lending bank under the applicable regulations.
Students with a low family income have a priority in the programme.
BGK may guarantee up to 100 percent of the loan for students whose family income is up to PLN 600 per person.
Student loans are granted by the following banks:

  1. Bank Pekao S.A.
  2. Bank Polskiej Spółdzielczości S.A.
  3. SGB-Bank S.A.
  4. PKO BP SA

Required loan documentation includes:

  • loan application addressed to the lending bank together with a statement of the student’s family income;
  • statement from the university confirming the student’s participation in the programme;
  • documents required by the bank to evaluate creditworthiness and establish collateral for the loan.

more

Assistance to victims of natural disasters, compensation to resettled Poles

Loan interest subsidy programme for victims of flooding
Bank Gospodarstwa Krajowego (BGK) offers public subsidies for interest on loans granted to victims of:

  • flooding since July 2997;
  • landslides since 2000;
  • tornadoes since July 2001.

The programme is open to owners and managers of apartments, homes and technical infrastructure in the residential sector.
Interest subsidies are available for loans granted within 24 months of the damage.

more

Resettled Poles

BGK provides cash compensation from the Compensation Fund to eligible individuals – ethnic Poles resettled after WWII who left their property in regions which are now outside of the territory of Poland.

more

Borrower Support Fund

Bank Gospodarstwa Krajowego (BGK) offers The Borrower Support Fund that is dedicated to individuals in a difficult financial situation who are repaying a housing loan which is a major financial burden for the household.
Support is provided under an agreement between the creditor (the bank which signed the loan agreement) and the borrower.
Support is provided for up to 18 months in the amount of principal and interest payments under the housing loan but no more than PLN 1,500 per month.
Support is available to individuals who meet at least one of the following conditions:

  • the borrower is unemployed at the date of filing the application for support;
  • the borrower pays a monthly cost of the housing loan exceeding 60% of the household’s monthly income;
  • the household’s monthly income less the monthly cost of the housing loan is no more than:
     
    • PLN 634.00 for a household with only one member;
    • PLN 514.00 for a household with more than one member.

Support is only provided through the lending bank which has signed the loan agreement with the individual.

more - Borrower Support Fund


W ramach realizacji usług przez Polski Fundusz Rozwoju S.A. oraz dla celów statystycznych, serwis internetowy www.pfr.pl stosuje pliki cookies. Użytkownik może zmienić ustawienia przeglądarki, w celu zablokowania zapisywania plików cookies. Korzystanie z serwisu bez zmiany ustawień dotyczących cookies oznacza, że będą one zapisywane na urządzeniu końcowym użytkownika. Więcej informacji w Polityce Prywatności.

Zamknij