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Program “Support for Energy Resilience of Micro and Small Enterprises in Ukraine”

The main objective of the financial assistance is to support the financing of energy resilience investments by micro and small enterprises (MSES) from the regions most affected by the destruction of energy infrastructure by providing 80 grants of EUR 10,000 to micro enterprises and 42 grants of EUR 20,000 to small enterprises, combined with a bank loan.

Investments in the energy sustainability of MSEs are defined as the following measures:

  • Purchase of domestic and/or imported equipment for the production and storage of electricity from renewable and non-renewable energy sources.
  • Purchase of energy efficient equipment.
  • Financing of works and/or services related to the commissioning of the equipment.

The program for enterprises will be implemented in two components:

Component I: micro-entrepreneurs will be provided with grants of up to EUR 10,000 in the hryvnia equivalent to finance Energy Resilience Investments.

Component II: grants will be provided to small businesses in the amount of up to EUR 20,000 in UAH equivalent, combined with a bank loan to strengthen the sustainability of economic activities (grant share is 40% of the bank loan amount)/

Priority for participation in the Program will be given to SMES that are registered and operate within the following distribution of groups of regions (where group 1 has the highest priority and group 3 the lowest):

  • Group 1: Sumy, Kharkiv, Dnipropetrovs’k, Mykolaiv, Lviv (except Lviv city), Volyn, Kirovohrad regions.
  • Group 2: Poltava, Odesa, Chernihiv, Kyiv (except for the city of Kyiv), Zaporizhzhia, Kherson regions.
  • Group 3: Ivano-Frankivsk, Rivne, Zakarpattia, Ternopil, Zhytomyr, Khmelnytsky, Chernivtsi, Cherkasy, Vinnytsia, Luhansk, Donetsk regions, Lviv and Kyiv.

Micro and small enterprises are granted funds to finance the cost of purchasing goods, works, and services, excluding value added tax (VAT), which must be paid at the expense of the entrepreneur’s own funds.

Which entrepreneurs can participate in the Program:

  • micro-entrepreneurs: up to 10 employees and annual revenue of up to EUR 2 million in UAH equivalent;
  • for small enterprises: up to 50 employees and annual revenue of up to EUR 10 million in UAH equivalent;
  • not be a member of a group of related counterparties whose members are legal entities;
  • be registered and operate no later than November 1, 2023;
  • have an impeccable business reputation and positive credit history;
  • not to be a participant in other international grant programs since February 1, 2022;
  • have no debts to the budget of Ukraine;
  • carry out economic activities in any type of economic activity, except for prohibited activities.

Financial support is provided through four authorized banks: Oschadbank, Bank Lviv, Ukrgasbank, and Sens Bank.

How to participate:

  • read detailed information on the Entrepreneurship Development Fund’s landing page;
  • fill out an application on the Entrepreneurship Development Fund portal;
  • specify clear investment goals (purchase of renewable and non-renewable energy sources, energy efficient equipment, related works and services)

The project “Support to Energy Sustainability of Micro and Small Enterprises in Ukraine” is implemented within the framework of the ReACT4UA program (“Application and Implementation of the EU-Ukraine Association Agreement in the field of trade”). The international cooperation program is co-funded by the German Government and the Norwegian Agency for Development Cooperation (NORAD).