Business news from Ukraine

Ministry of Agrarian Policy issued first 4 grants for development of horticulture

2 August , 2022  

The Ministry of Agrarian Policy and Food of Ukraine issued the first four orders for grants for laying gardens and growing berries for a total of UAH 16.8 million, grants will be received by Bonelet LLC (Odessa region), Garden Pereyaslav LLC (Kyiv region), “Organic Zahid-group” LLC (Lvov region) and farm “Zhitni Pole” (Ivano-Frankivsk region).

As reported on the agency’s website on Tuesday, over the past month, Oschadbank has processed applications from 61 agricultural enterprises, of which 40 have been submitted for further consideration by the Ministry of Agrarian Policy: 33 for the development of horticulture, 7 for greenhouses. The working groups of the ministry have already worked out 23 applications and have agreed on the provision of a grant for the four above. The Ministry is considering 1 more application for a grant for the creation or development of a greenhouse facility and 16 applications for a garden.

“In the conditions of war, the government is laying a reliable platform to support the economy, which will give impetus to the preservation and creation of jobs, the payment of taxes to the state treasury. The agro-industrial complex has always been a driver for the development of the Ukrainian economy, and today, during the constant challenges for our country, this industry can is ready to become the basis for the development of small and medium-sized businesses in Ukraine,” the Ministry of Agrarian Policy quotes its head, Mykola Solsky.

According to him, grants for the development of greenhouses allow agricultural entrepreneurs to attract up to UAH 7 million in funding, and up to UAH 10 million for planting orchards. In general, the state will allocate UAH 16 billion for their financing.

The agency recalled that in June the Cabinet of Ministers of Ukraine launched a program of financial support for business under the government’s eWork program, through which entrepreneurs can receive government grants for training, creating and developing their own business. At the same time, the Ministry of Agrarian Policy oversees two areas related to the development of horticulture, growing berries, viticulture and greenhouses.

The agency clarified that it processes each application for funding within 10 business days after receiving a request from Oschadbank.

Under the terms of each program, the participant undertakes to operate for at least 5 years, pay taxes to the budget, and also create a certain number of jobs.