Starting your own business is a significant step that requires not only a good idea and commitment but also adequate financial support. For many aspiring entrepreneurs, securing initial funding to realize their business plans is a key challenge.
Grants for starting a business – what you need to know?
A business grant is a non-refundable form of financial support that helps cover the costs of setting up a business. It is an ideal solution for people who want to develop their business, but do not have sufficient start-up capital.
Available grants
Grants from the Labor Office – up to PLN 52,000
The Labor Office is one of the most popular institutions providing support to new entrepreneurs. The maximum grant amount may vary depending on the local Labor Office but does not exceed six times the average salary.
Who can apply?
- Registered unemployed individuals.
- Persons who have not conducted business activity in the past 12 months.
- Caregivers of disabled persons.
What can the grant be used for?
- Purchase of fixed assets (machines, equipment).
- Furnishing and renovation of premises.
- Marketing and legal documentation.
- Working capital and, in some cases, means of transport.
Important: Each Labor Office has its own regulations, so it is essential to familiarize yourself with local rules before applying.
Grants from PFRON – Support for Persons with Disabilities
The State Fund for Rehabilitation of Disabled Persons (PFRON) offers grants to individuals with a disability certificate who want to start their own business.
Grant amounts:
- Up to PLN 52,000 with a commitment to operate the business for 12 months.
- Up to PLN 130,000 with a commitment for 24 months.
Use of funds:
Similar to the Labor Office grants, with the possibility to finance workplace adaptations or specialized equipment.
Local Action Groups (LGD) – Support for Rural Areas
LGDs are organizations supporting local community development, offering grants up to PLN 150,000 for residents of rural areas.
Conditions:
- Minimum 35% own contribution to the project value.
- Minimum grant amount is PLN 50,000.
- Purchase of new fixed assets only (machines, equipment, software).
How to Increase Your Chances of Obtaining a Grant?
- Thoroughly review the regulations and requirements
Each program has specific conditions. Understanding them helps avoid formal errors that could lead to rejection. - Professional preparation of documents
It is advisable to seek legal assistance to prepare a complete and accurate application. - Realistic business plan
A convincing and coherent business plan is key to success. It should include detailed information about planned expenses and growth strategy. - Timeliness and reliability
Submitting your application on time and honestly presenting your situation increases credibility with funding institutions.
Summary
Grants and preferential loans offer an excellent opportunity for individuals starting a business to secure essential funding. However, success in obtaining them requires careful preparation and knowledge of applicable laws and regulations.
If you need assistance preparing a grant application or want to consult your legal situation, we invite you to contact SKLAW Law Firm. Our experience and personalized approach will help you successfully start and grow your business!