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07/22/2023

11:50

Eighth Edition of the Strategic Investment Program Launches

PARTNER TEXT

The Bank Gospodarstwa Krajowego (BGK) has opened the application window for the next edition of the Governmental Strategic Investment Program. Since July 20, local governments across the country have been able to submit applications for investment support. The application period will last until August 16, 2023.

In the eighth edition of the Strategic Investment Program, all local government units (JST) and their associations can submit applications. Currently, application periods are also open for other editions – for industrial zones until July 21 and for former state-owned farms (popegeerowskich) gmin until July 31.

Application period for all local governments

Applications can be submitted in 36 investment areas. The co-financing level can be up to 95% of the investment value.

In the eighth edition of the program, the highest support (up to 95%) can be obtained for investments in road infrastructure, water and sewage systems, zero-emission heat sources, waste management, and renewable energy sources.

Each JST can submit 3 applications for co-financing according to the following guidelines:
One application, the co-financing value of which cannot exceed PLN 2 million
One application, the co-financing value of which cannot exceed PLN 8 million
One application, the co-financing value of which cannot exceed PLN 30 million
Submitting an application with a maximum co-financing value of up to PLN 2 million is a prerequisite for a local government to also apply for support within the other two – higher limits.

Program rules and financing mechanism

This governmental program supporting local government investments is implemented by Bank Gospodarstwa Krajowego. JST submit applications through a dedicated application. After the application period ends, BGK submits a report to the Commission at the Chancellery of the Prime Minister. This Commission analyzes the applications and prepares a recommendation, based on which the Prime Minister decides on the allocation of co-financing.

Depending on the investment implementation timeline, funds from the program are disbursed either in full after its completion or in installments after subsequent stages of the investment are completed.

The financing mechanism is the same as in all previous application periods. More information about the program can be found on the bank's website.