Factsheet for case PL-2020-14/805 – measures in Poland
|Country||Poland , applies nationwide|
|Time period||Temporary, 01 April 2020 – 31 July 2020|
|Type||Legislations or other statutory regulations|
Supporting businesses to stay afloat
– Direct subsidies (full or partial)
|Author||Jan Czarzasty (Warsaw School of Economics) and Eurofound|
|Case created||30 April 2020 (updated 07 September 2020)|
In mid-April the parliament passed into legislation another set of measures aiming to help enterprises go through the unfolding economic slowdown triggered by the COVID-19 public health crisis. The Act amending the Act on the System of Development Institutions facilitate a public support programme commonly referred to as the Financial Shield, operated by the Polish Development Fund (Polski Fundusz Rozwoju).
The programme is divided into specific sub-sets of measures targeting
Ustawa z dnia 4 lipca 2019 r. o systemie instytucji rozwoju („Ustawa o SIR”), znowelizowana ustawą z dnia 31 marca 2020 r. o zmianie ustawy o systemie instytucji rozwoju.
The programme relies on a scheme of advanced payables offered to small and medium firms (10 to 249 employees) with annual turnover of no more than €50 million (or balance sheet total not higher than €43 million).
Eligible are the enterprises which:
The scale of support: * total allocation of PLN 50.000.000.000 and up to PLN 3.5 million per beneficiary for three years (up to 75% of the amount loaned can be annulated after 12 months).
Some 670,000 enterprises altogether (both micro and small and medium) can be possibly covered, according to the Polish Development Fund (Polski Fundusz Rozwoju, PFR), a public agency responibel for administration of the Financial Shield.
As of mid-July, it is reported by PFR that some PLN 40 billion (approximately €9 billion) have been released to beneficiaries from the target group (SMEs). Altogether 321,000 enterprises (both micro and small and medium), employing about 3 million persons have received support.
No applications have been accepted after 31 July.
|Does not apply to workers||
||Does not apply to citizens|
Social partners' role in designing the measure and form of involvement:
|Trade unions||Employers' organisations|
|Role||No involvement||No involvement|
|Form||Not applicable||Not applicable|
Social partners' role in the implementation, monitoring and assessment phase:
BCC issued an opinion critical of the measures directed at enterprises of all sizes, assessing it as insufficient.
Social partners not involved, employer organisations critical of measures as insufficient.
Eurofound (2020), Financial shield: Small and medium enterprises, case PL-2020-14/805 (measures in Poland), COVID-19 EU PolicyWatch, Dublin, http://eurofound.link/covid19eupolicywatch
Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process. All information is preliminary and subject to change.