EU4Business, the Ministry of Economy, the Ministry of Economy and the Office for Entrepreneurship and Export Development, with funding from the European Union and the German Government, are launching a grant mechanism on the Action portal to provide immediate assistance to micro and small enterprises.

EU4Business: Competitiveness and Internationalization of SMEs, together with the Ministry of Digital Transformation, the Ministry of Economy, Action, Business and the Office of Entrepreneurship and Export Development, will support about 300 micro and small enterprises most affected by Russia’s armed aggression in Ukraine.

Microgrants in the equivalent of UAH 125,000 (EUR 4,000) each are available from May 13, 2022 through the Action portal.

Business entities registered in accordance with the procedure established by law no later than December 31, 2021 on the territory of one of the administrative-territorial units where hostilities were or are being conducted, in particular: Chernihiv, Sumy, Kharkiv, Kherson, may apply for a grant. Mykolaiv, Zaporizhia, Donetsk, Luhansk, Kyiv oblasts, which have temporarily moved from the territory of the administrative-territorial units specified in this paragraph or suffered as a result of hostilities, have the opportunity to confirm at the time of application the losses they have suffered and continue to operate in one of the administrative-territorial units specified in this paragraph.

Priority in the evaluation of grant applications will be given to companies engaged in the production of essential goods and services for the citizens of Ukraine and the Armed Forces of Ukraine. The evaluation committee will consist of independent business experts who will select the most relevant applications and conduct interviews with pre-selected companies.

More information on EU measures for emergency support to SMEs during the war can be found on the EU4Business portal https://eu4business.org.ua/.

Background: The grant mechanism is supported by the EU4Business: Competitiveness and Internationalization of SMEs program, co-financed by the European Union and the German government and implemented by the German federal company Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. This mechanism was developed jointly with the Ministry of Digital Transformation of Ukraine, the Ministry of Economy of Ukraine, the Action Portal, the Office for Entrepreneurship and Export Development and the national project for the development of entrepreneurship and export Diya.Biznes. The partner-executor of the microgrant initiative is the International Charitable Organization “East Europe Foundation”.