In brief

• Technical talks on the Industrial Accelerator Act began in the European Parliament, and the first meeting addressed procedures to speed up permits.
• The draft aims to support European manufacturing and reduce dependence on suppliers from outside the EU, including through public procurement.
• The most contentious issues, including preferences for EU products and control of foreign investment, have been postponed to later stages.

Negotiations on the industrial package get underway

Technical talks on a compromise on the Industrial Accelerator Act (IAA) began in the European Parliament on 21 October (Industrial Accelerator Act kluczowy dla Cognor, Grupy Kęty i Boryszewa – strefainwestorow.pl). The first meeting concerned procedures that are meant to speed up the issuing of permits for industrial projects. The most contentious topics have been set aside for now.

What the draft provides

The IAA is meant to strengthen the competitiveness of European industry. Its tools are public procurement and support schemes, which are meant to create demand for EU products. One of the goals is to reduce dependence on suppliers from outside the Community, especially in sectors linked to low-emission technologies.

Why this matters for Polish companies

For companies in the metal, chemical and automotive sectors, such as Cognor, Grupa Kęty or Boryszew, rules favouring local production may mean easier access to orders and greater protection against imports from outside the EU. The expected effect for these firms depends on the final shape of the regulations. At this stage there are no confirmed contracts or data on the impact on their results.

What comes next

Decisions on the most controversial elements will only be made in later rounds of talks. Until then, the draft may still change significantly, especially in the part concerning preferences for EU products and oversight of foreign investment.