EU unveils new €1.5 billion investment boost to drive Ukraine’s recovery, reconstruction and modernisation

On 5 March, a new package of eight programmes helping Ukraine tackle the country’s most urgent economic and social challenges was endorsed by the sixth Steering Board of the Ukraine Investment Framework (UIF).

These programmes, worth €1.5 billion and aimed at unlocking €3.4 billion of new investments, will bring support to sectors like energy, education, connectivity, agriculture, and small business, and fund the construction of shelters in education facilities. 

For the first time, the UIF will also allocate resources to dual-use technologies and strategic industries. This follows the European Commission’s commitment announced at the EU-Ukraine Investment Conference last November.

Chaired by the European Commission, the sixth Steering Board of the Ukraine Investment Framework brought together EU Member States, observers from the European Parliament, the Government and the Verkhovna Rada of Ukraine, the Government of Norway, and key European and international financial institutions.

The new programmes announced will be implemented by financing institutions – some that are already working with the Commission in Ukraine (EBRD, IBRD, KfW, IFC), and new partners (Finnvera, BPIFrance, CDP).

To date, the UIF has already allocated €8.4 billion, representing 90% of its total capacity. In total, these allocations are expected to mobilise €25.2 billion in investments in Ukraine. 

The UIF is part of the EU’s €50 billion Ukraine Facility designed to attract public and private investments for the recovery and reconstruction of Ukraine.

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Press release

Ukraine Investment Framework