In June 2020, Poland notified the European Commission of their intention to establish a financial aid scheme to support the economy during the COVID-19 outbreak.



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Letter to the Member State – Poland COVID-19: Guarantees on Factoring. Available at:

SA.57452 Guarantees on factoring. Available at:

European Commission, press release of 23 July 2020, State aid: Commission approves €2.6 billion Polish scheme to support companies affected by coronavirus outbreak. Available at:

European Commission Decision. Subject: State Aid SA.59715 (2020/N) – Poland
COVID-19: Modifications to SA.56876, SA.56922, SA.56979, SA.56996, SA.57015, SA.57054, SA.57055, SA.57191, SA.57306, SA.57452, SA.57519 and SA.57726. Available at:

European Commission Decision. Subject: State Aid SA.62078 (2021/N) – Poland
Prolongation of SA.56876, SA.56896, SA.56922, SA.56996, SA.57015, SA.57054, SA.57055, SA.57065, SA.57172, SA.57191, SA.57452, SA.57519, SA.59763 and SA.60376. Available at:

SA.100902 COVID-19: Prolongation and amendment of the schemes SA.56876(2020/N), SA.56896 (2020/N), SA.56922 (2020/N), SA.56996 (2020/N), SA.57015 (2020/N), SA.57054 (2020/N), SA.57055 (2020/N), SA.57065 (2020/N), SA.57172 (2020/N), SA.57191 (2020/N), SA.57306 (2020/N), SA.57452 (2020/N), SA.57519 (2020/N), SA.58102 (2020/N), SA.59763 (2020/N), SA.60376 (2020/N), SA.61173 (2021/N), SA.61825 (2021/N), SA.62472 (2021/N), SA.62603 (2021/N) and SA.62752 (2021/N)

European Commission's decision. SA.100902

Inception date: 23 Jul 2020 | Removal date: 30 Jun 2022

Loan guarantee

On 16 June 2020, the Polish authorities notified the European Commission of their intention of establishing a financial aid scheme to support the economy during the COVID-19 outbreak. The Commission approved the scheme on 23 July 2020. The scheme has a total budget of PLN 11.5 billion (approx. USD 3 billion) and will be in force until 31 December 2020.

The aid scheme provides support in the form of guarantees on factoring products and the scheme aims to “ensure that sufficient liquidity remains available in the market, to counter the liquidity shortage faced by undertakings because of the outbreak, to ensure that the disruptions caused by the outbreak do not undermine the viability of the undertakings and thereby to preserve the continuity of economic activity during and after the outbreak.”

The beneficiaries of the aid scheme are SMEs and large enterprises operating in all sectors except the financial sector in Poland. It is estimated that around 4000 to 5000 users of factoring products could be eligible for the guarantee. The scheme guarantees up to 80% of the unpaid invoiced amounts submitted under the factoring limit. The factoring limit may not exceed PLN 250 million (USD 65.8 million). Thus, the maximum guarantee amount is PLN 200 million (USD 52.6 million) per beneficiary.

The factoring market amounts to 12% of the GDP of Poland and approximately half of this amount would be within the scope of the proposed guarantee scheme.

According to the EU Commission: “The measure is liable to distort competition, since it strengthens the competitive position of its beneficiaries. It also affects trade between Member States, since those beneficiaries are active in sectors in which intra-Union trade exists.”

However, the Commission approved the state aid: "... on the grounds that it is compatible with the internal market pursuant to Article 107(3)(b) of the Treaty on the Functioning of the European Union." concluding that: "... the measure does not violate any intrinsically linked provisions of the BRRD"

The state aid is approved under the Temporary Framework for State aid measures. The European Commission adoption of a Temporary Framework under the State Aid rules of the European Union was adopted on 19 March, see related state act.

On 15 December 2020, the European Commission issued a decision under state aid case 59715 extending the coverage period of the scheme until 30 June 2021, among others.

On 16 March 2021, the European Commission approved, under state aid case 62078, a second extension of the scheme until 31 December 2021. Both amendments above are in line with the prolongations of the Temporary Framework (see related state act).

On 22 December 2021, the European Commission approved, under state aid case 100902, the prolongation of the present scheme until 30 June 2022.