As part of the EU4Business program, more than 600 grants have been agreed upon for Ukrainian companies. By the end of December, it is planned to complete all 750 grants provided for by the terms of the competition. This is reported by the Government Portal.
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The competition is being implemented since August this year with financial support from the German government and the European Union. Three banking institutions take part in it: Oschadbank JSC, Privatbank JSC and Lviv Bank.
The maximum grant amount is UAH 160 thousand. Funds can be used to pay wages, purchase fixed assets, goods and materials, rent, pay for services and work performed, etc.
As part of the program, three competitions were held for micro-business entities, which:
- are registered and conduct business activities in the most affected areas. 217 applications worth UAH 34.2 million were recognized as winners. registered and carrying out economic activities in the de-occupied territories, including those who left and returned to the bunker. 54 applications worth UAH 8.4 million were recognized as winners. are important for providing basic goods, works and services, and are also registered and operate in all regions of Ukraine, except BOT. 359 applications worth UAH 56.3 million were recognized as winners.
Most grant recipients are individual entrepreneurs engaged in manufacturing, restaurant or medical businesses. They need funds mainly for the purchase of raw materials, materials and equipment.