KPT closes 2023 with 60 new investments and over PLN 2 BN investment in Małopolska

10 stycznia 2024

Kraków Technology Park (KPT) issued 60 support decisions support as part of the Polish Investment Zone in 2023. Entrepreneurs have declared a total investment outlay of PLN 2 003 899 655.59 and opening 1099 new jobs.

This year‘s result in the Polish Investment Zone (PSI) is the second best in its history in Małopolska when it comes to the number of decisions issued, and the third in terms of declared investment outlay. The record number of decisions was issued in the wake of the investment decisions following the difficult year of the pandemic. The result achieved in 2023 proves our determination and intensified activity aimed at reaching out to entrepreneurs acquainting them with the potential that the Polish Investment Zone offers. Last year marked the fifth anniversary of introduction of the PSI. It is worth reminding that the investment outlay under the programme exceeded the results obtained by the special economic zone that had previously been in operation for over 20 years. for the first time in the history of the Kraków Technology Park, our efforts were recognised by FdI Intelligence, a specialist division of Financial Times Ltd, as the KPT was named Europe’s best Industrial Champion zone. This accolade recognises both the investment activity of Polish and foreign businesses that KPT supports, and the rich activity/operation of the technology park whose pinnacle was joining the European Digital Innovation Hub (EDIH) in 2023. This year, the government has approved an amendment to the regulation on public aid, which, I hope, will be another incentive for entrepreneurs.”

said Tadeusz Zaremba, CEO of KPT.

2023 is another year with predominant investments by Polish small and medium-sized enterprises. 50 decisions were presented to entrepreneurs with Polish capital, and 42 are SME investments. It is also worth emphasising that entrepreneurs use much of the tax relief to develop their extant facilities, as demonstrated by the number of 41 reinvestments recorded this year. The production sector continues to be most popular, as it accounts for 93% of all investments.

Leading Sectors

The sector mix in Małopolska is fascinating, with the manufacture of metal products and food sectors in the lead. Ranking below them are manufacture of rubber and plastic products, furniture, and metal processing.

12 investments in the manufacture of metal products sector

10 investments in the food sector

5 investments in the manufacture of rubber and plastic products sector

4 investments in the manufacture of furniture sector

4 investments in the metal processing sector.

Cooperation is the Key

Cooperation with the municipalities is a crucial ingredient of our work. In the previous year, the Investor Support Department organised numerous meetings with entrepreneurs. They were held in selected communes, at KPT, and online. This year, investments under the Polish Investment Zone will be conducted in 25 municipalities of Małopolska. Most of them in Kraków, others in Andrychów, Niepołomice and Bochnia.

This year, also entrepreneurs from the communes of Łososina Dolna, Osiek, and Olesno have made use of the tax relief offered.

KPT introduces various activities to reinforce cooperation with territorial authorities. In May, we completed the project “Małopolska Investor Support Standards“, whose main reason was to introduce and harmonise a particular standard of entrepreneur service and care in 85 units of our region’s territorial administration. The staggering number of 55 local authorities were certified for the implementation of a complex standard consistent with Polish Investment and Trade Agency standards.

Changes in PSI legislation

“Beginning with this year, the PSI will be even more entrepreneur-friendly. This will be possible thanks to an amendment of the legislation regulating the operation of the Polish Investment Zone and its adjustment to the current EU legislation“, Łukasz Blacha, vice-director of Investor Support Department emphasises.

The tax relief resulting from the support decision issued by the Kraków Technology Park will now be available for 14 years, that is two years longer than currently.

A significant change, especially for large enterprises, is raising the cap on public aid not subject to notification, as the thresholds of eligible costs for calculating the adjusted aid amount (that is the maximum allowed value of aid) are being raised from €50 million to €55 million and from €100 million to €110 million. This change is especially significant for large investments.

The Story So Far

Since 2018, that is the coming into force of the Polish Investment Zone legislation, the Kraków Technology Park has altogether issued 260 support decisions. The entrepreneurs have declared the total investments of PLN 9 735 922 103.18 and opening of 4664 jobs.

Barbara Wityńska-Słącz

Media Relations Krakow Technology Park

+48 728478518