The government will allocate nearly 350 million UAH in grants to support Ukrainian manufacturers.

The state will allocate nearly 350 million UAH in grants for Ukrainian producers.

This is reported by the Ministry of Economy.

It is noted that in the grant program "Made in Ukraine," 75 winners were selected for processing enterprises. They submitted applications for 348.1 million UAH to meet investment needs. Among them are a footwear manufacturer, an agro-processing enterprise, producers of insulation materials, and others.

The agency approved the provision of grants from the state budget for the first 15 winners. They will receive 101.6 million UAH. The decision regarding the remaining 60 participants will be made by the State Employment Center.

Reference. Under the program, the state finances up to 50% of the project cost. However, for enterprises from de-occupied territories, combat zones, UAV manufacturers, and the printing sector, the state will cover up to 80% of the cost.

Funding for the initiative comes from budgetary resources, including contributions to the Recovery and Economic Transformation Fund, as well as from the State Social Insurance Fund for Unemployment.

Background. Earlier, Mind reported that "Ukrnafta" received 80 million euros in loans from the EBRD for the development of gas generation. This agreement marked the first within the investment package of the European Bank for Reconstruction and Development for Ukraine, totaling over 1.3 billion euros.