Ukraine has started accepting applications for business support within the Ukraine Facility program, which could bring €40B in investment to the economy.

In September, Ukraine officially began accepting applications from businesses to participate in the Ukraine Investment Framework program – a preferential lending and investment attraction tool, said Economy Minister Yuliya Svyrydenko.

“Businesses can receive preferential lending from the UIF, which in turn is covered by a guarantee from the European Commission. We agreed with our EU colleagues that the mandatory amount from this guarantee – 15% – would go to support small and medium-sized businesses, 20% to finance green projects, and 25% to finance the state sector of the economy,” she explained.

Svyrydenko explains that the primary sectors for investment are energy, critical materials, transport, industry, agro-food, and IT.

“Governments expect that, thanks to the multiplier effect, this program can attract an additional €40B of investments into Ukraine’s economy.”