12 small and medium-sized enterprises will be able to receive funding of up to EUR 40,000 for export development
The Ministry of Economy of Ukraine, together with the European Union and the government of Germany, has launched a new grant program worth EUR 480,000, under which 12 small and medium-sized enterprises will be able to receive funding of up to EUR 40,000 for the development of their own exports, the press service of the Ministry of Economy reported. According to the announcement, small and medium-sized Ukrainian businesses operating in
The Ministry of Economy of Ukraine, together with the European Union and the government of Germany, has launched a new grant program worth EUR 480,000, under which 12 small and medium-sized enterprises will be able to receive funding of up to EUR 40,000 for the development of their own exports, the press service of the Ministry of Economy reported.
According to the announcement, small and medium-sized Ukrainian businesses operating in the manufacturing sectors (food, light industry, mechanical engineering, construction, furniture making, etc.), the creative industry (fashion, design, etc.), as well as other sectors with export and innovation potential.
It is envisaged that, as part of the project 12 selected participants will each receive a grant of up to EUR 40,000, as well as group and individual consultations from experts, networking sessions and other activities that will help identify and eliminate the processes that “block” a business on the path to export and innovative development.
An application to take part in the grant program can be submitted until 23:59 on June 25, 2024, on the project's website.
“Since the start of the full-scale Russian invasion, the EU4Business program has provided almost EUR 8 million to support SMEs in Ukraine (…). With this grant program, we want to help Ukrainian businesses overcome the consequences of the war, ensure access to financing, help with finding new markets and improve Ukraine's business environment,” said Henrik Vitfeldt, head of the public finance, business support and social policy section of the EU Delegation to Ukraine.
As reported, the EUR 480,000 grant program for small and medium-sized businesses is part of the EU4Business international cooperation program: recovery, competitiveness and internationalization of SMEs. It is co-financed by the European Union and the government of Germany and implemented by the German federal company Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The program's implementation partner in Ukraine is the public association “Global Compact Network Ukraine”.