PLN 250 million for reconstruction: who will receive soft loans in Poland and how
25 April 21:43
Poland has officially launched a state program of preferential lending to support its companies involved in the reconstruction of Ukraine. The program, called “Loan for Participation in the Reconstruction of Ukraine,” was launched on April 22, 2025, with a budget of 250 million zlotys (approximately 58.25 million euros), "Komersant Ukrainian" reports, citing the Ministry of Economy of Ukraine.
“We are sincerely grateful to Poland for supporting businesses that are ready to participate in the reconstruction of Ukraine and invest in our economy. Thanks to the state program “Loan for Participation in the Reconstruction of Ukraine”, Polish companies will receive preferential funds to invest in the reconstruction of Ukrainian infrastructure. These funds can also be used for services to prepare feasibility studies or investment projects, organize logistics, and develop bilateral trade. This is an important contribution to our recovery, as it will be based on the private sector,” said Yulia Svyrydenko, Minister of Economy of Ukraine.
Key terms of the program
- Maximum loan amount: up to 10 million zlotys (about 2.33 million euros) per company.
- Interest rate: 2% per annum.
- Repayment period: up to 12 years.
- Financial partners: loans are provided through three institutions selected by Bank Gospodarstwa Krajowego (BGK): Bank Ochrony Środowiska SA, TISE SA and the consortium Lubelska Fundacja Rozwoju and Biłgorajska Agencja Rozwoju Regionalnego SA.
It should be noted that procurement cannot be made from suppliers affiliated with the applicant. There is a ban on financing such transactions within 12 months preceding the purchase.
Exclusions from financing
- Reimbursement of interest, debt, other loans, credits, leases, or costs already paid.
- Pre-financing of expenses covered by a grant from another program.
- Purchase of financial assets or real estate held for trading or capital investment.
- Financing of activities related to tobacco products, alcohol (if this is the main activity), pornographic content, weapons, ammunition, explosives, gambling, mutual betting, gaming machines, narcotic drugs, psychotropic substances, precursors, nuclear power plants (decommissioning or construction).
- The loan may be combined with other state support, but not for the same expenditures.
Purposes of the loans
- Investments in infrastructure projects in Ukraine, including the construction of roads, railways, energy and water supply systems, as well as housing and public construction.
- Financing of transportation, logistics, and storage of goods and services for the population, as well as construction materials, equipment, and technologies required for the implementation of projects in Ukraine.
- Preparation of feasibility studies, research, and investment projects.
- Support for medical companies, including the production of prostheses and bandages for Ukraine.
- Import of services and products from Ukrainian contractors.
- Provision of goods and services to companies involved in the economic recovery of Ukraine.
- Acquisition of real estate in Poland if it is related to investment purposes, for example, for the construction of warehouses, factories or plants.
In addition, the program allows attracting funding for the development of business projects in the fields of energy, information technology, education and medicine. The Polish government emphasizes that priority will be given to those projects that contribute to the long-term stabilization of the Ukrainian economy and the well-being of local communities.
What else you need to know about the loan program
- The loan is usually provided in tranches in the form of:
- a) payments to the borrower’s counterparties (contractors/suppliers/service providers) based on invoices or other accounting documents of equivalent evidentiary value, or
- b) advance payments to the borrower.
- The loan disbursement (down payment) must be made within 60 days from the date of the agreement.
- The expenditure of funds must be documented within 180 days after the loan is disbursed. This period may be extended for another 180 days in justified cases, for example, depending on the nature of the investment. For loans over PLN 5,000,000 and in the case of investments in construction at their own expense, the periods are 360 and 270 days, respectively.
- The disbursement documentation must be based on invoices or equivalent accounting documents and proof of payment issued no earlier than the date of application.
- Repayment of the loan cannot be based on proof of payment in cash in accordance with Article 19 of the Law of March 6, 2018 – Law on Entrepreneurial Activity.
Experts note that this initiative has a dual effect: it helps Ukraine restore critical infrastructure and at the same time opens up new markets for Polish companies. The Polish government views this program as a tool for strategic partnership between the two countries in the post-conflict period.
Читайте нас у Telegram: головні новини коротко
