July, 13

Irrevocable funds for thousands of new micro businesses. Ukraine launches new economic strategy

06/11/2022 10:30:21 am
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The Government of Ukraine, on commission of the President of Ukraine, is launching a new economic strategy that will operate in conditions of war, help our economy survive and become the basement for the post-war recovery. This was announced by Prime Minister of Ukraine Denys Shmyhal at a session of the Government on June 10, - the Government Portal reports.

According to Shmyhal, the strategy envisages a series of programmes aimed to create workplaces through business support, government procurement, construction, lending and employment.

"The state will provide grants to create thousands of new micro businesses. Applications are to be submitted through the Diia in the form of a business plan to be reviewed by independent assessor entrepreneurs. Moreover, it is available to take a soft loan in the framework of "5-7-9" program under such a startup. We expect that the grant program will allow us to create tens of thousands of jobs", - Shmyhal noted.

Among the initiatives, according to the Prime Minister, are non-refundable grants for the development of processing enterprises that cover woodworking, furniture production, manufacturing of clothing or accessories, building materials, agricultural processing, etc. The state will issue a grant that can be spent on the purchase of equipment.

As Denys Shmyhal noted, the grants would be provided in the agrarian sector, namely for planting new orchards and berry fields as well as for partial compensation for the cost of 2-hectare modular greenhouses.

"Currently, we plan to build up to 3 thousand such greenhouses. This means new production, new export opportunities, an increased supply of vegetables, berries and fruits in the domestic market, more competition and more favorable prices", - Shmyhal stressed.

As reported, the government of Ukraine is working on the creation of a grant program to support Ukrainian business.