EU4Business: 300 Ukrainian entrepreneurs receive first tranche of microgrants 

A total of 300 micro and small enterprises in Ukraine have received the first tranche of financial aid within the EU-funded technical assistance programme ‘EU4Business: SME Competitiveness and Internationalisation’. The total amount of each grant aid is UAH 150,000.

The call for grant applications was carried out on the ‘Diia’ portal earlier this year. A commission has chosen the winners from among 1,357 candidates.

Priority was given to MSMEs from the most war-affected areas to help them restore or support the production and provision of critical goods and services needed by Ukrainians: mobile food services, bread production, other bakery and meat products, medical and veterinary services, outerwear and paper production.

The microgrants were obtained by the enterprises from nine regions of Ukraine, registered in the Kharkiv, Kyiv, Sumy, Donetsk, Chernihiv, Mykolaiv, Luhansk, Zaporizhzhia, and Kherson regions.

Ukrainian entrepreneurs have already started spending the received financial aid on saving and creating new jobs, purchasing and replacing equipment, purchasing raw materials, renting premises, and leasing equipment.

The ‘EU4Business: SME Competitiveness and Internationalisation’ is funded by the European Union and the German government and is supported by the Ministry of Digital Transformation and the Ministry of Economy of Ukraine. 

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Press release