Decommitment of Financial Shield 1.0 subsidies

The decommitment of subsidies granted under the PFR 1.0 financial shield begins on 29 April 2021. It is possible to arrange all the formalities in your bank.

On April 13, 2021 changes to the PFR regulations were published on the official PFR website. According to the added provisions, the new rules will come into force from April 28, after which the banks will begin the procedure for settlement of subsidies and decommitment. More information can be found at:

https://pfrsa.pl/tarcza-finansowa-pfr/tarcza-finansowa-pfr-10.html#mmsp.

100% redemption of Financial Shield 1.0 – who is eligible?

Companies operating under one or more of the 54 listed PKD codes that have suffered the most from the administrative burdens associated with COVID-19 will be able to receive 100% of the subsidy decommitment.

To receive a 100% redemption, you must meet the following conditions:

1) continue business activities,

2) have at least one of the PKD codes indicated below in the KRS or CEIDG as of 31 December 2019,

3) have a record of a 30% decrease in sales revenue during the period:

from 1.04.2020 to 31.12.2020 compared to the period from 1.04.2019 to 31.12.2019, or
from 1.10.2020 to 31.12.2020 compared to the period from 1.10.2019 to 31.12.2019

The following PKD codes are eligible for full decommitment:

17.29.Z – manufacture of other articles of paper and paperboard
18.12.Z – other printing
18.13.Z – pre-press and pre-media services
18.14.Z – binding and related services
46.42.Z – wholesale of clothing and footwear
47.71.Z – retail sale of clothing in specialized stores
47.72.Z – retail sale of footwear and leather goods in specialized stores
47.76.Z – retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food in specialized stores
47.81.Z – retail sale via stalls and markets of food, beverages and tobacco products
47.82.Z – retail sale via stalls and markets of textiles, clothing and footwear
47.89.Z – retail sale via stalls and markets of other goods
49.39.Z – other passenger land transport not elsewhere classified
55.10.Z – hotels and similar accommodation
55.20.Z – holiday and other short-stay accommodation
56.10.A – restaurants and other fixed catering establishments
56.10.B – mobile catering establishments
56.21.Z – preparation and delivery of food for external customers (catering)
56.29.Z – other catering services
56.30.Z – preparation and serving of beverages
59.11.Z – activities related to the production of films, videos and television programs
59.12.Z – post-production activities related to films, videos and television programs
59.13.Z – activities related to the distribution of films, videos and television programs
59.14.Z – film projection activities
59.20.Z – sound and music recording activities
73.11.Z – activities of advertising agencies
74.20.Z – photographic activities
77.21.Z – rental and leasing of recreational and sports equipment
79.11.A – activities of travel agents
79.11.B – activities of travel agents
79.12.Z – activities of tourism operators
79.90.A – activities of tour pilots and tour guides
79.90.B – tourist information activities
79.90.C – other reservation service activities not elsewhere classified
82.30.Z – activities related to the organization of fairs, exhibitions and congresses
85.51.Z – out-of-school forms of sports education and sports and leisure education
85.52.Z – out-of-school forms of art education
85.59.A – teaching foreign languages
85.59.B – other out-of-school forms of education, not elsewhere classified
86.90.A – physiotherapy activities
86.90.D – paramedical activities
90.01.Z – activities related to the exhibition of artistic performances
90.02.Z – activities supporting the exhibition of artistic performances
90.04.Z – activities of cultural objects
91.02.Z – activities of museums
93.11.Z – activities of sports facilities
93.12.Z – activities of sports clubs
93.13.Z – activities of facilities to improve physical condition
93.19.Z – other sports-related activities
93.21.Z – activities of amusement parks and theme parks
93.29.A – activities of mystery rooms, houses of fear, places for dancing and other forms of entertainment or recreation organized indoors or in other enclosed spaces
93.29.B – other entertainment and recreation activities not elsewhere classified
93.29.Z – other entertainment and recreational activities
96.01.Z – washing and cleaning of textiles and fur products
96.04.Z – service activities related to the improvement of physical condition

Financial shield 1.0-repayment method:

For companies that do not meet the conditions required for the full redemption of the subsidy, a schedule for repayment of the reimbursable subsidy installments will be presented in e-banking. An additional annex is also the account number and the maturity date of the individual installments.

The amount of the financial subsidy that is reimbursable will be paid in a maximum of 24 monthly installments. It is worth noting that the installments are not interest-bearing – there are 23 installments of the same amount, while the last installment will be compensatory.

100% redemption step by step:

The bank you entered into the financial subsidy agreement with will provide you with a set of all required forms and statements in the customer panel in electronic form. It’s your responsibility to meet all the deadlines. Some of them will already be partially filled based on data from ZUS and Tax Office.

The date of receiving the subsidy will be important. It is necessary to indicate the day on which the year from receiving the subsidy will pass. You will be entitled to make a declaration on the first day after the expiry of the 12 months (counting from the date of receiving the financial subsidy).

Important! The deadline for making a statement is 10 working days.

The subsidy settlement will be fully executed through e-banking.

Knowledge base and training for entrepreneurs:

From April 15, it is possible to participate in free online training courses on clearing and amortization of the PFR financial Shield:

Tarcza Finansowa PFR 1.0

Legal basis:
* terms and conditions for applying for participation in the government program “Financial shield of the Polish Development Fund for small and medium-sized enterprises” adopted by the PFR on 13 April 2021.

Decommitment of Financial Shield 1.0 subsidies

Legal basis: * terms and conditions for applying for participation in the government program “Financial shield of the Polish Development Fund for small and medium-sized enterprises” adopted by the PFR on 13 April 2021.

See also

Legal basis:
* terms and conditions for applying for participation in the government program “Financial shield of the Polish Development Fund for small and medium-sized enterprises” adopted by the PFR on 13 April 2021.