The total amount allocated to the initiative is 1.6 billion euros in the form of budget guarantees and mixed financing grants.
The European Union has announced a competition of projects for supporting small business businesses in Ukraine and population assistance to the population. The total amount allocated to the initiative is 1.6 billion euros in the form of budget guarantees and mixed financing grants. It has been reported on the European Commission’s website.
It has been noted that in the framework of the Ukrainian Fund, the Supervisory Board on the Framework Investment Instrument approved a new initiative aimed at expanding access to financial banking support for micro, small and medium-sized businesses. The purpose of the competition is to help the most vulnerable groups injured as a result of the war, as well as maintain clearance efforts.
The EU initiative encourages financial institutions to assist small businesses in war -affected regions, especially those who provide workplaces for veterans, immigrants and people who return to their homes, as well as small farms. The purpose of the financial program is also support for entrepreneurship at the micro level, especially the startups of women’s participation, youth and disabled people, mine clearance projects, especially, agricultural land.
As you know, the Ukrainian plot investment tool is part of the Ukrainian fund with a total capacity of 50 billion euros and intended to attract private and state investments in restoring and restoring Ukraine. This financial instrument has financing 9.3 billion euros, including 7.8 billion euros of credit and 1.5 billion euros of Halo -Halong. The purpose of the program is to mobilize up to 40 billion euros for investing in the restoration and modernization of Ukraine.
The first such competition announced by the EC in September 2024.
Remember that the European Commission and the European Investment Bank (EIB) in Luxembourg will sign a warranty agreement for 1.95 billion euros. Its main purpose is to provide support for investment programs within the Ukrainian Fund plot to many EU budgets for 2024-2027.
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Source: korrespondent
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