Companies benefiting from EU funds significantly increased their revenues

From 2019 to 2023, nearly 110,000 investments and projects were implemented in Poland with the support of EU funds, totaling PLN 103.07 billion, according to an analysis conducted by the economic intelligence agency InfoCredit. Wholesale and retail trade, as well as vehicle repairs, were the industries that benefited the most from EU support. From 2018 to 2021, companies in these sectors that received EU funding saw their revenues increase by as much as 55 percent. In comparison, revenues of companies not benefiting from EU support increased by 27 percent during the same period.

"Thanks to EU grants, companies obtain resources that are often lacking in Poland due to the limited capital available to domestic enterprises. These funds are allocated, among other things, for research and development, which are very costly undertakings that companies cannot bear on their own. What is encouraging is that these R&D projects are often carried out in collaboration with scientific staff, indicating wide cooperation between businesses and research institutions," Jerzy Wonka, Development Director at InfoCredit, said.

"In many cases, EU grants also improve the current cash flow of companies, as they don't have to allocate their funds or profits from previous years to carry out development projects. This allows them to implement projects more quickly," he added.

(Newseria)