Smart Growth Operational Programme

Project under Measure 3.4. Working capital subsidies under the Smart Growth Operational Programme 2014-2020.

Purpose of financing: Obtaining financing for purposes related to operations financed with the working capital of a medium-sized enterprise in connection with disruptions in the functioning of the economy due to COVID-19 pandemic.

Planned effects: Maintaining business continuity without disruptions in July-September 2020. Support for financing working capital during the first wave of the COVID-19 pandemic is also expected to allow medium-sized enterprises to continue operating in the following months.

The Company secured part-financing for a project called “Working capital subsidy for Creotech Instruments Spółka Akcyjna”. The project concerns support for Creotech Instruments in terms of ensuring financial liquidity and supporting ongoing operations during the COVID-19 epidemic.