Act on granting public aid enters into force

On Monday, the act on granting public aid for the purpose of saving or restructuring entrepreneurs enters into force. The Ministry of Development reminds that the effect of the act is to be PLN 120 million annually for 10 years.

According to the ministry, these regulations are to save entrepreneurs in trouble. The entrepreneurs will also be able to obtain relief for the restructuring of certain public and legal liabilities with an estimated value of PLN 50 million per year. The operator of the assistance offered by the act will be the Industrial Development Agency (ARP). The rules for granting support are based on the European Commission's guidelines on state aid for rescuing and restructuring non-financial enterprises that are in a difficult situation.

"After the laws that make up the anti-crisis shield, the New Opportunity Policy Act is another element of our support for business in the era of weakening our economy by the coronavirus pandemic," Jadwiga Emilewicz, Minister of Development, said.

According to Emilewicz, the effect of the government's actions to date is over PLN 121 billion paid to entrepreneurs from the anti-crisis shield, including the financial shield.

In her opinion, recent economic data, incl. concerning industrial production, which increased slightly compared to last year, give "grounds for moderate optimism as regards the recovery of the Polish economy from the current pandemic situation".

"We will, however, struggle with the effects of the pandemic for a long time, and the protection of entrepreneurs during this time will be provided by, among others, the act on the New Opportunity Policy,” she added.

(PAP)