The Thermo-modernisation and Renovation Fund was established in Bank Gospodarstwa Krajowego in place of the Thermo-modernisation Fund. The legal basis of the Fund is the Act of 21 November 2008 on supporting thermo-modernisation and renovation (Journal of Laws of 2020, item 412).
The aim of the Fund is to provide financial aid to investors carrying out thermo-modernisation and renovation projects and to pay compensation to owners of residential buildings in which accommodation was provided. The support is granted in the forms of:
- thermo-modernisation bonus
- renovation bonus
- compensation bonus
Bonus i.e. a repayment of a credit granted to the investor by a commercial bank, or (in the case of a compensation bonus) covering part of the costs of a project financed with own funds.
Within the framework of servicing the Thermo-modernisation and Renovation Fund, Bank Gospodarstwa Krajowego makes decisions on awarding the bonus and after meeting the conditions for its payment, it transfers the bonus.