Grant Thornton: Polish companies to get PLN 10 bln in EU financing this year

According to audit company Grant Thornton, Polish companies will get up to PLN 9.96 billion in EU financing from the EU's Regional Operational Program. That figure represents 22 percent of all funds earmarked for 2014-2020. “According to voivodship schedules, in 2017, the pace of distributing EU funds will increase, although its speed is still unsatisfactory. There are still regions where the funds allocated for this year will not exceed 20 percent of the 2014-2020 allocated funds,” Jacek Błażejewski, partner at Grant Thornton said. The voivodship with the lowest pace is Kujawsko-Pomorskie at 13.2 percent, on the other spectrum is Świętokrzyskie with 35.3 percent of funds to be allocated this year. According to the report the pace of implementing EU funds is so slow, that large group of entrepreneurs seek financing from the state-funded programs instead.