Up to 6 million co-financing for a company with loan for technology innovations

The programme is targeted at small and medium enterprises (employing up to 250 staff, with annual turnover not exceeding the equivalent of 50 mln EUR or with total assets not exceeding the equivalent of 43 mln EUR), operating in Poland. A loan under the project will be granted for implementing proprietary new technology or for purchasing and implementing a technology and using it to make new or significantly improved products, processes or services (vs those made to-date in Poland).

- The opportunity to get a non-repayable subsidy in such a high amount is very appealing, therefore interest in the programme is widespread. In the current perspective (2014-2020) support was provided so far to 771 projects and its total value is 2,7 billion PLN. Indications for applying for a subsidy are: quality improvement, new services or processes such as cost optimisation involved with automation, robotisation and digitalisation of the business, aiming at boosting output and consequently creating significantly improved processes, products or services. What is important is that you can implement not only a proprietary technology, but also a purchased one – Agnieszka Kucharska, Head of Credit Products and Process Team in Bank Millennium, said.

The condition for getting co-financing is to obtain a decision in principle on a loan for technological innovations from a commercial bank, such as Bank Millennium, and then to sign the loan agreement. In Bank Millennium it is additionally possible to use the commercial loan to finance the 25% own participation required in the project. The technology bonus (subsidy) is non-repayable and is assigned for repayment of principal of the commercial bank loan. A business may apply for partial payment of the subsidy already after completing 25% of the CAPEX project value. More information on: https://www.bankmillennium.pl/przedsiebiorstwa.

Moreover the next 7th competition was announced under submeasure 3.2.2 SGOP with a non-repayable EU subsidy. According to the planned timetable enrolment will start on 24 September 2020 and will end on 30 December 2020. The expected budget is 350 mln PLN.