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Lodz Regional Development Agency

Lodz Regional Development Agency. FINANCING ACTIVITIES OF A REGIONAL DEVELOPMENT AGENCY WITH THE LODZ REGIONAL DEVELOPMENT AGENCY AS AN EXAMPLE 2 nd European Congress of CEEC Development Agencies 11 – 13 June 2001, Lublin (PL).

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Lodz Regional Development Agency

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  1. Lodz Regional Development Agency FINANCING ACTIVITIES OF A REGIONAL DEVELOPMENT AGENCY WITH THE LODZ REGIONAL DEVELOPMENT AGENCY AS AN EXAMPLE 2nd European Congress of CEEC Development Agencies 11 – 13 June 2001, Lublin (PL)

  2. Łódzka Agencja Rozwoju Regionalnego SA Lodz Regional Development Agency (LRDA) 90-002 Łódź ul. Tuwima 22/26 tel. 0-42 632 18 92 fax 0-42 633 07 63 http://www.larr.lodz.pl e-mail: larr@mazurek.man.lodz.pl President of the Board: Paweł Żuromski

  3. Lodz Region (since 1 January 1999). Lodz Region Poland 18 219 5,8% 312 685 100% area (sq km) population (thousand). 2 663,6 6,9% 38 667,0 100% Statistic data:

  4. Lodz Region Poland • Totalnumber of SMEs 203.115 2.546.405 • Share in the total number of enterprises 99,85% 99,76% 0,6 mln 6,9 mln • Number of employees in SME • Share of employees in SMEs total number of employees 72,66% 61,10% Characteristic of the regional SME sector. 1

  5. Local and Regional Funds Łódź kutnowski Piotrków Trybunalski łęczycki łowicki Poddębice Tomaszów Mazowiecki poddębicki zgierski skierniewicki Zelów łódzki wschodni rawski Kleszczów zduńskowolski pabianicki tomaszowski sieradzki łaski opoczański wieruszowski bełchatowski Łódź piotrkowski Kutno wieluński pajęczański Zelów radomszczański Loan Funds Guarantee Funds

  6. LRDA is a joint stock company set up in 1992 as an initiative of regional authorities and with the assistance of public institutions and private entrepreneurs. LRDA carries out a wide range of activities relating to the economic development of the Lodz Region and its enterprises. LRDA is a leader in the field of promotion and implementation of the regional development projects in accordance with European Union standards. Lodz Regional Development Agency WHO WE ARE ...

  7. Lodz Regional Development Agency SHAREHOLDERS OF THE LRDA... • Public institutions: • Agency for industrial Development • City of Lodz • Lodz Voivodship • Ozorkow Commune • Radio of Lodz • Commercial banks • Private entrepreneurs Initiation share capital - 2.050.000,-PLN

  8. Lodz Regional Development Agency WHAT WE DO .... • Support for the development of small and medium enterprises by financial instruments, training and advisory services; • Services for regional institutions: advice for communes in the field of development and implementation of local strategies, advice concerning access to foreign assistance programmes, feasibility studies for infrastructure projects, trainings for local authorities; • Management of the PHARE programmes and promotion of the EU structural policy; • Economic promotion of the Lodz Region and assistance for investors..

  9. Financial Instruments for SME in the Lodz Region Financial Instruments managed by LRDA: • Loan Fund for Investment Projects • Guarantee Fund for SME

  10. The Loan Fund for investment was established on the basis of the state budget reserve for the support of regional restructuring programmes.1996 - start of the Fund activities LRDA’s Loan Fund – financial resources Financial resources of the Fund 1996 - I grant from the state budget - 3,0 mio PLN 1997 - II grant from the state budget - 3,1 mio PLN Interest revenues - 1,9 mio PLN Total - 31.12.2000 . - 8,0 mio PLN

  11. LRDA’s Loan Fund - statistic Loans granted in 1996 - 2000 TOTAL • Number of loans granted - 147 • Amount of investment (thousand PLN) - 66.606,1 • Amount of loans granted (thousand PLN) - 21.480,8 • Creating new jobs (declared) - 2.050

  12. Guar LRDA’s Guarantee Fund for SMEs The Guarantee Fund for SMEs was establishedon the basis of financial resources of Municipality of Lodz and LRDA.1996 - start of the Fund activities Financial resources (thousand) Grant from theMunicipality of Lodz - 50,0 PLN LRDA’s capital - 100,0 PLN Interest revenues - 50,3 PLN Total (31.12.2000) 200,3 PLN

  13. Grant Scheme of the PHARE-STRUDER The Lodz Region • Total amount of grants - 7.592.475 EUR • Number of application - 346 • Number of grants obtained - 235 • Number of new jobs created - 2.786

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