Poland is the first country to separate a fund from the NRP for defence, shelter construction and new jobs in defence and security companies.

The Fund will be implemented by the dedicated special purpose vehicle to be responsible for capital investment and by Bank Gospodarstwa Krajowego providing loans (including interest-free loans to local government units). The framework of the Fund will result from an investment policy prepared in accordance with the priorities identified by the Steering Committee, which includes government representatives.

Financing of the Security and Defence Fund

More than half of the Fund budget can be allocated to local authorities for building shelters, improvement of cyber security, protection of critical infrastructure (e.g. water intakes) or preparation of response to natural disasters (e.g. new rescue equipment for fire brigades or municipal companies).

A major part of the funding will also comprise money for Polish companies – operators of critical infrastructure (e.g. securing power lines, gas pipelines) and companies producing for Polish security needs – it will be possible to modernise production lines, buildings or implement solutions in the scope of mitigating environmental risks (e.g. ammunition production waste).

Objectives of the Fund

The resources of the Security and Defence Fund will be used to reinforce Poland's defence and security capabilities. They will be used for funding of:

• development of protective buildings and civil protection infrastructure,
• construction and modernisation of dual-use infrastructure,
• investment in cyber security,
• modernisation of enterprises, including the support for research and development.

Money from the Fund will also be available for use after 2026, i.e. when the National Recovery and Resilience Plan has been settled.