PFR Financial Shield 2.0 for selected industries

Application is available from 15 January for 45 industries affected during the second wave of COVID-19

Benefit from second PFR Financial Shield support

The PFR Financial Shield 2.0 is a program aimed at providing financial aid to companies from industries that had to reduce or suspend their activity due to the epidemiological situation related to COVID-19.

  • Submit the application easily and conveniently via Millenet even if your Shield 1.0 application was submitted in a different bank
  • It will be possible to redeem 100% of the subsidy if employment rate is maintained in 2021
  • You can apply for subsidy from 15 January till 28 February 2021
  • Take part in free online training organised by PFR. Training dates and a registration link can be found on PFR websitelink opens in a new window

Detailed rules for granting subsidies can be found on the Polish Development Fund websitelink opens in a new window. You will also find there answers for frequently asked questionslink opens in a new window

Important!

The PFR Financial Shield 2.0 application verification system automatically checks whether the entrepreneur has sent a tax settlement declaration to the Tax Office, e.g. JPK-V7M or JPK-V7K for December 2020. In the absence of this settlement in the Tax Office databases, the system temporarily suspends the application and by a period of maximum 7 working days checks the availability of the declaration every day. After this period at the latest, the PFR makes a decision based on the available data.

This procedure may result in the decision being issued on a different day than the next business day after submitting the application to PFR. Therefore, we remind entrepreneurs to submit a JPK-V7M or JPK-V7K declaration before submitting an application for financial support under the PFR Financial Shield, and then wait at least 7 days with submitting the application, which will allow it to be processed in the Tax Office systems, and then immediately verified by PFR.

Register for a free training


You can find out how to get assistance now. Take part in free online training. Training dates and a link to registration can be found on the PFR website.

Learn more about the program

PFR Financial Shield 2.0 for small businesses:
  • for companies with 1 to 9 employees from industries listed in the Requirements section
  • the maximum turnover/balance sheet total for 2019 is EUR 2 million
  • financial support in the amount of 18.000 PLN or 36.000 PLN per employee
  • the maximum amount of the subsidy is 324.000 PLN
  • the amount of the subsidy depends on the number of employees and the decrease in turnover
  • financial support intended for companies from the indicated industries that have recorded min. 30% decrease in turnover in the period IV-XII or in the IV quarter of 2020 as compared to the same period in 2019
  • the subsidy is granted on a non-refundable basis on condition that average employment is maintained in 2021 compared to 2020.
PFR 2.0 Financial Shield for SME and large companies:
  • for companies employing from 10 up to 249 employees from the industries listed in the Requirements section
  • 2019 turnover less than or equal to 50 million EUR, and balance sheet total less than 43 million EUR
  • co-financing of fixed costs not covered by revenues in the form of a financial subsidy in the amount of 70% of the gross loss for the period from 1 November 2020 to 30 April 2021
  • subsidies up to the maximum amount of 3.5 million PLN
  • tthe amount of the subsidy depends on the forecast of costs and revenues and gross loss
  • for companies that have recorded min. 30% decrease in turnover in the period IV-XII or in the IV quarter of 2020 as compared to the same period in 2019

Where you can find the application and check its status

Firms

The application for the subsidy can be found after logging in to Millenet in the MilleAdministration > Official applications > Financial Shield 2.0 section..

After submitting the application, you can check its status in this section, and from 1 Feb 2021 you will be able to submit an appeal application.

Corporate

The application for the subsidy can be found after logging in to Millenet for Companies in the Documents and applications section > Financial Shield 2.0..

After submitting the application in the same tab, you can check its status in this section, and from 1 Feb 2021 you will be able to submit an appeal application.

The application submitting process

  1. 1

    Documents required

    Prepare all the documents you need to apply for subsidy.

    Remember that you need to attach an excerpt from KRS or CEIDG confirming the authorization of the person submitting the application to single-person representation of the company or a power of attorney to file in accordance with the PFR template, signed in accordance with the company's representation. The power of attorney must be provided by means of qualified electronic signatures.

  2. 2

    Submitting the application

    Fill in the application for financial support for your company in Millenet.

    Apply Tarcza finansowa

  3. 3

    Application registration

    The application is registered and sent to Polish Development Fund (PFR).

  4. 4

    Application review

    Polish Development Fund will verify your application form, and we will inform you about its status.

  5. 5

    Feedback

    You can check information on the decision and the amount granted in Millenet.

Worth to know

If the application has been rejected or a lower financial subsidy has been granted than the one requested, an appeal may be submitted. Appeal applications will be available from 1 February to 31 March 2021. If you receive a positive decision on granting support in the amount lower than the one requested, you will receive by transfer to the given bank account the amount indicated in the PFR decision, and for the remainder you can submit an appeal after clarifying the reservations listed in the PFR decision. You can submit an appeal only twice. If you receive a negative decision, you can submit your application again. Remember to clarify in advance the reasons behind the rejection of the application and check the correctness of the data. If you updated details for ZUS/US (Social Insurance/Tax Office) please wait 7 business days before submitting the appeal.