On 24 November, the European Fund for Southeast Europe Development Facility (EFSE DF) and the Green for Growth Fund Technical Assistance Facility (GGF TAF) jointly committed €900,000 in grants to cover the equity and working capital needs of green techs and small and medium enterprises (SMEs) in Ukraine. The funding is intended to sustain business continuity and safeguard business resilience and viability.
The technical assistance project, which is part of the ‘Stand with Ukraine’ programme set up by EFSE, GGF and the funds’ advisor, Finance in Motion, aims to support at least 20 businesses that were able to remain operational following Russia’s invasion in February 2022. This includes businesses forced to relocate within or outside Ukraine’s borders and require assistance to pursue their business operations.
Targeted businesses include SMEs with up to 250 employees. They provide solutions in the renewable energy, energy efficiency, and resource efficiency sectors.
Find out more
News
-
EU announces €65 million pledge to support Ukraine’s school nutrition reform
-
EU boosts defence readiness with first ever financial support for common defence procurement
-
EU launches Call for EU business to invest in Ukraine’s recovery and reconstruction
-
COP29 in Baku: EU to support continued global climate action and push for ambitious finance and investment goals
-
EU and UNDP restore Serhiivskyi Lyceum in Odesa Oblast, enabling students from 12 communities to attend school in person
-
EU supports waste management project in Fastiv