Clovin obtains support from the PSI (Polish Investment Zone) as part of the investment plan worth PLN 30 million

Another great news concerning our portfolio company CLOVIN SA. The Management Board of Suwałki Special Economic Zone SA is going to support the company as part of their investment plan with the amount of PLN 30 million. The acquired capital is to help the company to, among other things, increase its production capacity, introduce modernization of the infrastructure, and ensure continuation of the ESG activities which have already been partially implemented in Clovin.

In the face of challenges arising from the price crisis in the energy market, or those related to the widely understood energy transition of the European Union, this type of support will be a very important factor in stimulating the company’s development in the coming years.

The Polish Investment Zone is an entity within the Ministry of Development and Technology which is responsible for granting financial support to companies from the industry and modern services sector. As part of the approved investment plan, Clovin S.A. will be a beneficiary of the tax exemption initiative.

More details can be found by clicking the link: https://lnkd.in/dJD8Sk_f