On April 20, 2023. An agreement was signed between Bank Gospodarstwa Krajowego and the European Commission for a €242 million InvestEU guarantee. This is a mechanism to directly support investors in financing ventures. BGK will provide investment loans covered by 50% bank guarantees under the InvestEU facility. The loan can be granted up to the value of half the cost of the entire investment. This, along with the guarantee, is a significant help in carrying out the activities.

Agreement launches new European Union funds

The European Union funds covered by the agreement signed in April are for two types of projects: sustainable infrastructure and research, innovation and digitization. The agreement between BGK and the EC unlocks a total of €484 million. National projects financed by these funds should therefore be expected soon.

InvestEU – a program for modern and sustainable investments

The InvestEU program is a financial mechanism that is part of the Next Generation EU to support innovative investments. It serves the goals of the European Green Deal. These funds are expected to provide long-term support for entrepreneurs. One of the key elements of the program is to link it to the EU Taxonomy by emphasizing the sustainability of projects. The program’s budget for the entire Union is 26 billion euros. More information about the InvestEU mechanism can be found on the program‘s website.

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