Financial Shield 2.0 expanded to include sports clubs

Entrepreneurs running sports clubs will be able to apply for financial support under the government program ‘Financial Shield 2.0 of the Polish Development Fund for micro, small and medium enterprises’. The activities of sports clubs were included in the list of 9 additional industries particularly affected by the situation related to Covid-19, which will be eligible for support under the new PFR Financial Shield.

Sports clubs employing from 9-249 employees will be able to receive up to PLN 3.5 million. Small clubs (up to 9 employees) can count on a subsidy of up to PLN 324,000.

Support in the field of sports activities as part of the new version of the PFR Financial Shield will apply to entities conducting business activity specified in at least one of the 4 PKD codes: 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 activities related to sport;

Applications for support may be submitted by entrepreneurs until February 28, 2021.

(PAP)