Press Release: €1 billion for Poland under Juncker Plan and InnovFin Science

The EU is providing almost €1 billion in financing to Poland to invest in energy networks and scientific research. The European Investment Bank (EIB) is providing a €250 million loan to Energa to upgrade and extend its electricity distribution network in northern and central Poland. The loan is guaranteed by the European Fund for Strategic Investments (EFSI), the central element of the Investment Plan for Europe, the so-called Juncker Plan. With this loan, Energa will extend its electricity networks, improve the security of supply, invest in renewable energy sources and develop smart meters. The EIB is also providing Poland with two loans amounting to €730 million for research, development and innovation (RDI) activities in scientific research institutes and universities. These loans are supported by InnovFin Science, which is backed by the EU’s research and innovation programme, Horizon 2020. Some 150,000 researchers, technicians and support staff work in the Polish public science sector. The InnovFin Science-backed loans will not only help to fund the existing research jobs in science in Poland, but will also create new career opportunities, in particular for young researchers. Carlos Moedas, European Commissioner for Research, Science and Innovation, said: “Today’s agreement in Poland under the InnovFin Science programme is momentous. With a fresh injection of €730 million for research, development and innovation activities, research institutions in Poland will see huge benefits. I am also proud that the Juncker Plan is helping to upgrade and improve the electricity networks in Poland. The European Fund for Strategic Investments is already set to trigger more than €225 billion in investment across the EU, with 26 projects already approved in Poland. I encourage project promoters and small companies seeking financing to make the most of the support offered by the Juncker Plan.” For the latest EFSI figures country-by-country, see here. A full press release on today’s agreement is available here(For more information: Annika Breidthardt – Tel.: +32 229 56153; Siobhán Millbright – Tel.: +32 229 57361)

Source: European Commission

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