Poland’s COVID-19 Recovery Plan: which sectors will benefit? | Newsletter JDP

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The Recovery and Resilience Plan

On 8 December 2023, the Council approved the revised Poland’s Recovery and Resilience Plan (Krajowy Plan Odbudowy i Zwiększania Odporności, “RRP”). The disbursement of most of the funds (EUR 55 billion) depends on the fulfilment of the so-called milestones, the most important of which relate to the rule of law.

Poland is to receive a total of EUR 59.82 billion (PLN 261.4 billion), of which EUR 25.3 billion (PLN 110.4 billion) will be in the form of grants and EUR 34.5 billion (PLN 151 billion) in the form of low-interest loans.

EUR 5 billion in pre-financing from the REPowerEU Plan was already disbursed to Poland at the turn of the year.

On 15 December 2023, Poland applied to the European Commission for the disbursement of the first tranche of EUR 7 billion, which is to be invested in areas such as legal reliefs for enterprises, improving innovation and digitalisation of enterprises, reliefs for medical students, more efficient management of Maluch+ funds, increasing road safety and the implementation of the social economy regulations. The funds are expected to be disbursed in April 2024.

The recovery plan consists of 54 investments and 48 reforms. They are intended to boost the reconstruction of the development potential of the economy lost due to the COVID-19 pandemic, strengthen competitiveness and improve the standard of living. Each EU member state is implementing its own investment and reform programme approved by the European Commission.

The RRP comprises six main components in which investments are planned:

  • resilience and competitiveness of the economy
  • green energy and energy-intensity reduction
  • digital transformation
  • effectiveness, accessibility and quality of the health system
  • green, smart mobility
  • improving the quality of institutions and the conditions for the implementation of the RRP

In the table below, we present the most important, in our opinion, sectors and projects that will benefit from the RRP.

In some areas, public aid for enterprises is available, which makes these areas particularly noteworthy.

Read more in our newsletter.



source: https://jdp-law.pl/en/newsletter/polands-covid-19-recovery-plan-which-sectors-will-benefit-newsletter-jdp/