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The EU and Germany provide Ukrainian small business with 50 grants of up to EURO 10 000 each

10/08/2023

The EU4Business programme, funded by the European Union and the German Government, will support 50 small enterprises with a new wave of grants. Each grant worth up to is EUR 10 000 (or equivalent of UAH 400 000) and will be allocated to the companies, which are affected by the full scale war invasion and are ready to develop business in the field of supply of essential goods.

“The European Union and the German Government aim to help Ukrainian companies continue to work and become a pillar for the resilience and development of Ukraine’s economy. Grants will stimulate enterprises to continue economic activity, create jobs and value chains, which will generate taxes for state and local budgets. This means that people in Ukraine will have prospects for a better life,” explained Chloé Allio, Head of Operations Section – Economic Cooperation, Energy, Infrastructure and Environment, the EU Delegation to Ukraine. 

 The grants must be used within 6 months for:

  • preservation and creation of new jobs (payment of wages, no more than 3 employees);
  • procurement of equipment and raw materials;
  • rent for premises;
  • equipment leasing (excluding personal vehicles);
  • expenses related to business relocation;
  • consulting services (including marketing and brand development);
  • certification services.

“According to the research, nearly 40% of Ukrainian entrepreneurs anticipate an increase in business turnover in 2023. Ukrainian businesses will play a critical role in the restoration of the postwar economy, hence it is critical to support and boost local company development. The Ministry of Digital Transformation works hard to provide favorable conditions for ambitious projects, particularly for small businesses. We appreciate the EU4Business program’s assistance to Ukrainian businesses,“ said Valeriia Ionan, Deputy Minister of Digital Transformation of Ukraine for European Integration.

Who can apply for a grant?

Legal entities of any organizational and legal form of ownership that meet the following criteria can apply:

  • the main type of economic activity that meets the requirements for receiving a grant;
  • the company has from 11 to 49 employees;
  • the owner is exclusively a citizen of Ukraine;
  • do not operate in the temporarily occupied territories of Ukraine as of the date of application and do not have subsidiaries in the Russian Federation, Belarus, and other countries on the sanctions list;
  • annual income from all activities of the company does not exceed the equivalent of EUR 10 million.

Companies engaged in the production of vital goods and services for Ukrainian citizens as well as operating in the healthcare or architecture and engineering sectors are given priority in the evaluation of grant applications 

The selection of candidates will last until 25 August 2023. The evaluation committee will consist of independent business experts who will select the most relevant applications and conduct interviews with the pre-selected companies.

You can apply for the grant on the Diia portal via the link.

Background information:

The EU4Business microgrants will contribute to the goals of the Government’s initiative #eRobota implemented under the auspices of the Ministry of Economy of Ukraine.

The grant schemes are provided within the international cooperation programme “EU4Business: SME Recovery, Competitiveness and Internationalisation” which is funded by the European Union and the German Governmentand implemented by the German federal company Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. The grant schemes are facilitated by the Ministry of Economy of Ukraine, the Ministry of Digital Transformation of Ukraine. The implementing partner of the current scheme is the NGU “Foundation for Support of Reforms in Ukraine”. The applications are only accepted via a single portal of public services Diia. The information partners are the Entrepreneurship and Export Promotion Office, the Ukrainian national project for entrepreneurship and export development Diia.Business.  

For more information on the EU4Business programme and the new grant mechanism, please contact the project team: office@fsr.org.ua

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