Ukraine: new grant programme to help restore homes damaged by war
November 29, 2022

Ukraine: new grant programme to help restore homes damaged by war

A new agreement between the International Finance Corporation (IFC), member of the World Bank Group, and Ukraine’s Energy Efficiency Fund will channel up to €25 million in EU funds to help Ukrainian homeowners’ associations to restore war-damaged residential buildings. The agreement between the EU, IFC and the EE Fund was signed in Brussels on 28 November.

The programme will cover the replacement of windows, doors, roofs, and walls, among other elements. The IFC will also help the Fund with a pipeline of reconstruction projects, as well as support beneficiaries with the application process.

A €5 million pilot phase is being rolled out in Kyiv, Zhytomyr, Sumy, and Chernihiv, large cities in northern and central Ukraine that have come under increased attacks over the last two months.

Since 24 February, the war in Ukraine has substantially damaged or destroyed the homes of 2.4 million Ukrainians, according to the Ministry for Communities and Territories Development of Ukraine. The Kyiv School of Economics estimates that the total number of the affected housing stock in Ukraine is up to 136,000 buildings or 40 per cent of the total number of residential buildings, including almost 16,000 multi-apartment buildings. 

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