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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure PL-2022-33/2774 Updated – measures in Poland

Loans for entrepreneurs affected by the war in Ukraine

Wsparcie dla przedsiębiorców dotkniętych wojną w Ukrainie

Country Poland , applies nationwide
Time period Temporary, 10 August 2022 – 31 December 2022
Context War in Ukraine
Type Other initiatives or policies
Category Supporting businesses to stay afloat
– Access to finance
Author Jan Czarzasty (Warsaw School of Economics)
Measure added 24 August 2022 (updated 02 March 2023)

Background information

On 24 February 2022, Russia invaded Ukraine. As a result, specific sanctions were imposed on Russia, which also negatively affected some of the Polish exporters. Furthermore, some companies announced that they were ceasing or withdrawing from the Russian Federation. On July 20, the European Commission announced its changes to the Temporary Crisis Framework, which would make it possible for Member States to launch support for entrepreneurs faster. Ministry of Funds and Regional Policy enacted a new law allowing for this special help (Dz.U. 2022 poz. 1675).

Content of measure

The support for entrepreneurs consists of loans given to micro, small, medium and large entrepreneurs. Loans will be granted for a maximum of six years and their amount will be agreed upon individually. The assistance is available until 31 December 2022. It may be granted to entrepreneurs for investment or trading purposes aimed at mitigating the socio-economic effects of the aggression of the Russian Federation. Aid is not granted to entrepreneurs subject to sanctions and financial intermediaries.

The programme's funds are approximately PLN 45,000,000 (approx. €9,575,000). The support will come from the Voivodship Marshals who have expressed their interest in the programme. The source of financing will be derived from regional operational programs of the Podkarpackie, Podlasie and Świętokrzyskie voivodships, both from the financial perspective 2014-2020 and the financial perspective 2007-2013.

Updates

The following updates to this measure have been made after it came into effect.

31 December 2022

31 December 2022 was the last day for companies to apply for support under the programme.

Use of measure

As of February 2023, information on the number of companies receiving support is not yet available.

Target groups

Workers Businesses Citizens
Does not apply to workers Other businesses
Importing/Exporting companies
Does not apply to citizens

Actors and funding

Actors Funding
National government
Local / regional government
European Funds
Regional funds

Social partners

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:

  • Unknown
  • Main level of involvement: Unknown

Involvement

Unknown.

Views and reactions

Unknown.

Sources

  • 09 August 2022: Rozporządzenie Ministra Funduszy i Polityki Regionalnej z dnia 4 sierpnia 2022 r. w sprawie udzielania pomocy z instrumentów finansowych oraz ze środków instrumentów inżynierii finansowej podlegających ponownemu wykorzystaniu w celu wspierania polskiej gospodarki w związku z agresją Federacji Rosyjskiej wobec Ukrainy (isap.sejm.gov.pl)

Citation

Eurofound (2022), Loans for entrepreneurs affected by the war in Ukraine, measure PL-2022-33/2774 (measures in Poland), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/PL-2022-33_2774.html

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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.