Both companies and employees will benefit from the Industry Shield

Both companies and employees will benefit from the Industry Shield

Approx. 300 thousand will benefit from the new solutions under the Industry Shield. companies and about 1 million employees, and the support will amount to about PLN 4.5 billion - the Chancellery of the Prime Minister of the Council of Ministers announced on Friday. She added that after April 29, the redemption of subsidies from the Financial Shield 1.0 will begin.

As indicated by the Chancellery of the Prime Minister in a Friday post on Twitter, support will be extended for the following industries: gastronomy, hotels and accommodation; physical health, including gyms, sports and recreation; entertainment and culture (fairs, photography, films, stage, museums); retail (bazaars and markets, clothing and footwear).

"The new aid solutions under # TargBranżowa will benefit: approx. 300 thousand enterprises, approx. 1 million employees" - underlined. It was added that "the total amount of support is approx. PLN 4.5 billion". "We are prepared for regional lockdowns - companies from 49 industries will receive aid" - it was assured.

The law firm reminded that the support under the Industry Shield includes exemption from social security contributions; parking (in the case of revenue in the 1st or 2nd quarter of 2021 lower by 40% y / y) and 5,000 PLN subsidy (in the case of income in the 1st or 2nd quarter of 2021 lower by 40% y / y).

"So far, thanks to various instruments, we have managed to save about 6.5 million jobs" - it was written in the entry by the Chancellery of the Prime Minister. It was indicated that "subsidizing a part of the costs of remuneration for employees" is an instrument worth approx. PLN 1.8 billion per month.

The government's support for the Polish economy includes: Anti-Crisis Shield - a package prepared, among others, for entrepreneurs, employees and local government officials; PFR 2.0 Financial Shield - a program targeted at micro, small, medium and large companies; Industry Shield - an aid package for entrepreneurs most affected by the effects of the COVID-19 pandemic.

The Chancellery of the Prime Minister noted that under the PFR 2.0 Financial Shield, "financing may cover 70% of the gross loss for the months from November 2020 to March 2021". It added that the subsidies from Shield 2.0, "which companies have now received for 5-6 months of operation, are also fully redeemable."

The Chancellery of the Prime Minister emphasized that after April 29, the redemption of subsidies granted under the Financial Shield 1.0 will begin. "In Shield 1.0, companies operating under 54 PKD codes that benefited from Shield 2.0 were originally supposed to return at least 25 percent of the subsidy received in spring 2020." - it was written. It was noted that by the decision of Prime Minister Mateusz Morawiecki, these companies received "full remission of subsidies - for a total amount of PLN 7 billion". (PAP)

author: Magdalena Jarco

Read also