USAID launches new grant programme for small and medium-sized enterprises in Ukraine

The USAID Competitive Economy of Ukraine Programme is accepting applications for development grants until 15 August 2023. It is about 25 grants. The application budget will range from $75,000 to $150,000. The grant programme is being implemented in partnership with the Ministry of Economy.

According to the Ministry of Economy, the grants can support business (section C of KVED - 2010) (ua)↗️ that contribute to

• modernisation of production,
• automation,
• creation of more highly skilled jobs,
• increase in efficiency,
• import substitution in the domestic market,
• export of Ukrainian products,
• production of innovative products,
• localisation of production necessary for reconstruction.

Applications will have submitted in two stages: concepts - by 15 August, and selected projects in the form of a full grant - by 15 October 2023. The final allocation of funding will be considered in December 2023.

And building stores and contractors can already become participants in the eVidnovlennia programme.

Small and medium-sized enterprises can include individuals and legal entities, OKNA.ua clarifies. According to the Commercial Code of Ukraine, they cannot have 250 and more employees, and their annual income must not exceed EUR 50 million. The sum is determined at the average annual exchange rate of the National Bank of Ukraine.