Armat is a family-run business located in Wilczkowice Górne, Masovian Voivodeship, Poland. The company is a producer and wholesale supplier of synthetic construction materials, including a range of foils used in construction and agriculture. The company recycles specific types of plastic waste into granules which are then re-used. Thanks to the ERDF Biznesmax guarantee, Armat could expand and renovate its existing office building and install a photovoltaic system to partly cover the company’s energy use.
The ERDF-powered Biznesmax with a simple first-loss portfolio guarantee is supporting the development of innovative entrepreneurs as well as green projects in small and medium-sized enterprises (SMEs) in Poland. The instrument is combined with an interest rate subsidy. It was able to quickly adapt to changing circumstances by using the new regulatory flexibilities of the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII Plus).