The agreement enabling the establishment of the “Chrobry” company was signed on Friday at the MDFRP by Katarzyna Pełczyńska-Nałęcz, the Minister of Development Funds and Regional Policy, Mirosław Czekaj, President of BGK, and Marta Postuła, First Vice-President of BGK. Poland, so far, the first and the only EU Member State – has reallocated funds from the NRRP to strengthen the security and defence of the country, as well as our preparedness for crisis situations. This means that approximately one in ten zlotys from the NRRP will be allocated to the Security and Defence Fund. We did it in record time: only six months passed between the inclusion of the FBiO in the NRRP in June 2025 and the entry into force of the Act establishing the fund in January this year.

We have signed an agreement under which the Chrobry company will be established within Bank Gospodarstwa Krajowego. This marks the culmination of a major, comprehensive project, i.e. the Security and Defence Fund. Poland was the first and only country in the EU to set up such a Fund under the NRRP, with a budget of over 22.5 billion zlotys. Of this, local authorities will receive 11 billion zlotys. These will be preferential, partially redeemable loans earmarked for: civil protection, dual-use infrastructure (including road construction), shelters and safe water supply facilities. In other words, everything that protects the population in the event of a military threat, as well as against cyberattacks and all forms of hybrid aggression. A further 11 billion zlotys will be allocated to Polish businesses for the support of dual-use production and the modernisation of operations in the field of cyber modernisation

– Katarzyna Pełczyńska-Nałęcz, the Minister of Development Funds and Regional Policy said.

The operating model of the Chrobry special purpose vehicle involves the use of two instruments: loans and equity. The majority of the funds – PLN 15.7 billion – will be made available through a loan facility, with BGK directly responsible for its implementation and administration. These will mostly include long-term loans bearing very low interest rates. The remaining PLN 6.7 billion will be contributed via an equity instrument implemented directly by Chrobry

– Mirosław Czekaj, the President of Bank Gospodarstwa Krajowego stated.

Diversification of projects across different sectors, in line with specific investment priorities, will support not only local authorities but also businesses in sectors such as defence, technology, manufacturing, transport and energy. For them, the Security and Defence Fund will be a powerful support mechanism ensuring that Polish companies will remain competitive and have the opportunity to grow in promising sectors – Prof. Dr. Marta Postuła, First Vice-President of BGK indicates.

What will we invest the money from the FBiO in?

We will allocate these funds to strengthen the resilience of the state and the national security. We will invest in four areas:

•             development of protective structures and civil protection infrastructure – over PLN 9.65 billion for the construction of shelters and safe havens, the protection of local critical infrastructure (water intakes, sewage treatment plants), and telecommunications infrastructure related to crisis management;

•             investment in cyber security - approximately PLN 2.46 billion to increase the security and reliability of digital infrastructure that collects data and supports the management of our environment (safe communication, water intakes, sewage systems, public transport, energy and fuel networks);

•             construction and modernisation of dual-use infrastructure – approximately PLN 6.26 billion for the construction and modernisation of roads, bridges and tunnels owned by local authorities, as well as railway infrastructure – to adjust them to the standard required for military mobility;

•             Modernisation of enterprises - approximately PLN 4 billion to increase production in the Polish arms sector and create new jobs in the regions; support for, among others, the construction and modernisation of production infrastructure, the purchase of software and IT services; machinery and equipment useful in crisis situations; machinery and equipment necessary for operations, particularly in industrial research and development.

PLN 22.5 billion from the NRRP for the FBiO

In January this year, the Act establishing the Security and Defence Fund entered into force. It provides the basis of the agreement signed today between the MDFRP and BGK. In accordance with the provisions of the Act, a special purpose vehicle (SPV) managed by the bank will carry out the tasks of the Fund.

The FBiO will be implemented in the form of loans and equity instruments. The majority of the funds – 70 per cent (approximately PLN 15.7 billion) – will be made available through a loan facility, with BGK directly responsible for its implementation and administration. These will mostly include long-term loans bearing very low interest rates. The remaining part, i.e. 30 per cent (approx. PLN 6.7 billion) will be used for equity investment carried out directly by the ‘Chrobry’ company.

According to the schedule, applications for loans granted by BGK are scheduled to be launched in the second half of the year. They will be granted until December 2030, and their repayment period may be as long as 20 years.

Benefits for the local authorities

The new instrument will equally benefit local authorities and municipal companies, as well as enterprises operating in the defence, technology, manufacturing, transport and energy sectors.

Half of the FBiO funds will be allocated to local authorities, which will be able to spend them on the construction and modernisation of shelters, cybersecurity and road infrastructure. The funding will cover both protective structures located in existing buildings and those in new facilities to remain under the jurisdiction of local government units.

Loans for local government units will be interest-free and distributed for many years. A possibility of their partial redemption is also foreseen.

Companies will have a possibility to benefit from the maximum preferential financing conditions, in line with state aid rules.