Business news from Ukraine

Ukrainian processing enterprises have received almost 500 grants for 2.4 bln UAH during year

4 July , 2023  

For a year of action of the governmental project of grant programs “eRabota” the state has invested in business development 4 billion UAH, from which 2,4 billion UAH were given out in the form of grants for development of the processing enterprises, informed the first vice-prime minister of Ukraine – Minister of Economy Yulia Sviridenko.
“On July 1 last year the government launched grant programs “eRabota” to support businesses in this difficult time, to help them recover and develop. During the year, more than 5,600 entrepreneurs have already received grants under these programs. In total the government has invested UAH 4 billion to activate the business sphere”, – as she said in the press release of the Ministry of Economy and Trade of Ukraine.
It is specified that with the grant funds the Ukrainians got an opportunity to start their own business, the already operating enterprises opened new directions, expanded the spheres of activity, increased the production of goods and services.
According to the message, since the start of the project “eRabota” in July 2022 under the program “Own Business” 5061 microgrants were given to the total amount 1.2 billion UAH, for the development of processing enterprises – 455 grants worth 2.4 billion UAH, for gardening and greenhouse development – 88 grants worth 325 million UAH.
The Ministry of Economy reminded that both current entrepreneurs and people without experience in business may apply for a grant. Applications are submitted through the portal “Diya” together with a business plan. An obligatory condition of receiving a grant is creation of new workplaces – from 1-2 at granting a micro-grant to several tens at granting grants under other programs.
Grant funds shall be returned to the state through taxes and fees paid during the operation of the enterprise within three years.
As reported, the eRabotka project was introduced by the government in July 2022 to support businesses and stimulate the creation of new jobs. It includes several grant programs. In particular, these are programs of micro grants for the opening or development of their own business, grants for the creation and development of processing enterprises, the establishment of orchards and vineyards, greenhouse industry.
Earlier, the Kiev Analytical Center “Expert Club” and its founder Maxim Urakin together with the founder of “Granta” company and grant projects implementation expert Olga Shaverina launched a series of YouTube videos devoted to the peculiarities of grant financing. Read more in the video at