What are European Funds and who can benefit from them?

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What are European Funds and who can benefit from them?

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If you are an entrepreneur, whether just starting out or already running a business, you may obtain EU financial support to grow your business. The EU regularly allocates part of its budget to help small businesses and reduce unemployment. Funding new businesses also reduces development disparities between member states. The aid is non-repayable provided, of course, that the beneficiary complies with the agreement, for example does not close the company immediately after receiving development funding. One can receive up to PLN 40,000 in a single payment.

In addition to financial support, as an entrepreneur you can also receive:

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The table below shows the forms of assistance available to you.

GROUP
ASSISTANCE
HOW TO FIND IT?

You are under 30, not studying and not working.

A grant to start a business (over PLN 20,000) based on an analysis of your situation, plus career guidance, help finding work, training and postgraduate studies, internships and placements, and advice during the first stage of the business.

District labour office (if you registered as unemployed), regional labour office website, European Funds Information Point, Grant Search

You are over 30 and not working, especially if you are:

– a woman,

– over 45,

– a person with a disability,

– a person with little education,

– long-term unemployed.

Funding to start a business and all the services above. Funding conditions may vary by province. Usually, you must additionally show that your employment situation is difficult.

District labour office (if you registered as unemployed), regional labour office website, European Funds Information Point, Grant Search

You work or do not fall into any of the groups above.

A loan to start a business, often exceeding PLN 20,000 – repayable, but on favourable terms. All the above services are also available.

District labour office (if you registered as unemployed), regional labour office website, European Funds Information Point, Grant Search

You are under 35, have an innovative business idea and want to start a company in the Lubelskie, Podkarpackie, Podlaskie, Świętokrzyskie or Warmińsko-Mazurskie provinces.

“Access to infrastructure (e.g. a workstation), mentoring, coaching and other services needed to develop a new business idea. Once your company is ready to enter the market, you can receive funding to develop your activity.”

“Start-up Platforms for New Ideas” project of the Polish Agency for Enterprise Development.

A young start-up company.

You can receive direct help from seed funds, venture capital funds or business angel networks selected by the Polish Agency for Enterprise Development (investors supporting promising ideas of potential entrepreneurs or young companies). The most interesting ideas undergo so-called pre-incubation. If the analyses conducted then are promising, an investor helps you establish and grow the company. You can form a company and receive start-up capital.

Starter and BizNest – Polish Agency for Enterprise Development website.

You are a farmer insured with KRUS.

A start-up premium of up to PLN 100,000.

Apply to the Agency for Restructuring and Modernisation of Agriculture.

You live in the countryside but do not farm.

A grant of up to PLN 100,000 if your idea fits local strategies.

Local Action Groups. You can find them on the National Rural Network website.

Newly established or recently operating companies.

Loans easier to obtain than bank loans, with more favourable repayment terms.

A bank loan made easier to obtain by a European Funds guarantee.

 

A company operating for longer.

Funding in the broad sense.

On the European Funds portal or by contacting Information Points.

 

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