Logo Polskiego Radia

Polish firms 'due 12.5 billion euro from EU budget'

PR dla Zagranicy
Nick Hodge 22.10.2013 10:19
The Ministry of Regional Development has announced that some 12.5 billion euro are ear-marked for Polish firms from the EU budget for 2014-2020.

Image:
Image: Glowimages

According to the ministry's calculations, 7 billion euro will be funnelled towards regional programmes, and the remaining portion will be for national initiatives.

The regional funds will be biased towards investments which focus on the strengths of a given region, and what is likely to be the driving force of that area's economy.

Besides supporting investments, the regional funds are also intended to be expended on developing staff potential.

Minister Elzbieta Bienkowska has confirmed that for national programmes, funds will primarily be spent on innovation.

“The expenditure of companies on industrial research and development in Poland is at a very low level,” Bienkowska told the Rzeczpospolita daily.

“Due to this, in 2014-2020 far more European funds will be spent on cooperation between science and business, emphatically encouraging companies to invest in innovation.”

As with the budget for 2007-2013, allocation of funds is being prepared by the Polish Agency for Enterprise Development (PARP), a government agency.

In July this year, MEPs backed a compromise on the forthcoming budget, and a final vote is due in November.

Poland is expecting about 108 billion euro from the budget. (nh)

Print
Copyright © Polskie Radio S.A About Us Contact Us