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PLN 80.5bn worth of EU investment grants approved for release


2011-11-29



By 27 November the Ministry of Regional Development concluded 63,267 agreements with beneficiaries for EU and governmental grants available under the EU's 2007-2013 budget perspective (the statistics cover the period since the programmes were launched in 2008). The total value of investment projects covered by the agreements reached PLN 275.9bn (approx. €60.9bn), and the value of associated EU aid amounted to PLN 191bn (€42.2bn), i.e. 71.4% of the total allocation for the 2007-2013 period.

The value of EU aid arising from submitted payment applications – an important metric illustrating the level of absorption of EU funds – reached PLN 80.5bn or €17.8bn (the aggregate value of eligible outlays rose to PLN 111.9bn or €24.7bn).



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