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Ukraine has launched a new business loan programme

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Ukraine has launched a new business loan programme

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In September 2024, Ukraine officially began accepting applications for the Ukraine Investment Framework (UIF), a new tool for preferential lending and investment attraction.

During the event "Economic Policy of Ukraine: Recovery During War," Ukraine's First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko, announced the launch.

"Businesses can receive preferential loans from UIF, which are guaranteed by the European Commission. We have agreed with our EU colleagues that 15% of this guarantee will support small and medium-sized businesses, 20% will fund green projects, and 25% will be allocated to the public sector," Svyrydenko said.

The main sectors for investment are identified as energy, critical materials, transport, industry, agrifood, and IT.

 

 

"Officials expect that this programme, due to its multiplier effect, could attract an additional 40 billion euros in investment into Ukraine's economy," the Deputy Prime Minister noted.

The collection of business proposals for the programme has already started. Entrepreneurs interested in receiving preferential financing can submit their projects for consideration.

The Ukraine Investment Framework is part of the Ukraine Facility, a 9.3 billion euro tool. Through various risk-sharing mechanisms, blended finance, and grants, UIF aims to attract around 40 billion euros to the Ukrainian economy in the coming years.

The Odessa Journal
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