On 1 June 2022, the European Commission approved Poland’s National Recovery Plan (NRP) under the Recovery and Resilience Facility (RRF). We briefly summarize its main assumptions.
“(…) The implementation of the plan will contribute to the decarbonisation of the Polish economy while strengthening its energy security. The plan also contains several measures aimed at improving the country’s investment climate, including a comprehensive reform of the judicial system aimed at strengthening the independence of judges. Other measures aim to increase participation in the labor market, including of women. The approval of this plan is linked to clear commitments from Poland regarding the independence of the judiciary, which will have to be respected before an actual payment can be made. I look forward to the implementation of these reforms,” said Commission President Ursula von der Leyen.
FRR support is divided into a grant part and a loan part. The non-reimbursable funds are 23.9 billion euros in grants, while 11.5 billion euros will be used for preferential loans. These funds must be invested in the manner strictly defined in the recovery plan.
We describe the structured thematic blocks of the current version of the recovery plan, divided into components A to E, where:
- Component A is “Resilience and competitiveness of the economy”, ie: new jobs, new investments and increased wages; support for parents in the labor market (more crèches and children’s clubs), elimination of legal barriers and facilities for businesses, innovations and modern technologies.
- Component B is “green energy and reduction of energy intensity”, i.e.: clean air, faster replacement of old coal stoves with cleaner ones, purchase of photovoltaic panels and solar collectors, parks wind farms on the Baltic Sea, smart grid, hydrogen technologies, green cities.
- Component C is “digital transformation”, ie: high-speed Internet, electronic services, IT classrooms and computers for schools, and Internet security.
- Component D is “Efficiency, accessibility and quality of health care”, i.e.: new equipment for hospitals, modernization of medical facilities, more medical personnel, greater accessibility to medical services, development of the pharmaceutical industry Poland.
- Component E is “green and smart mobility”, that is to say: more electric and hydrogen buses, more modern trains and railways, more bypasses, safer roads.
- In addition, improving the quality of institutions and the conditions for implementing the National Recovery and Resilience Plan, namely: increasing the role of the public and public consultation and improving the environment investments.
Over the next few weeks, we will closely follow developments regarding the emergence of new calls for proposals from entrepreneurs for the implementation of investment plans and R&D projects related to the areas mentioned above.